Archive: January 2003
Home Director goes public, signs new contracts
January 30, 2003SSN Staff
January 30, 2003
LIVERMORE, Calif. - Home Director, which became a public company last month, has just signed contracts with two developers to install home networking systems in developments in Northern and Southern California.
The company, based here, has reached an agreement with SummerHill Homes to install Home Director’s ControlPoint technology as part of a redevelopment project in Palo Alto, Calif. The ControlPoint system allows users to control their home systems, including...
Barcode Automation’s business jumps as it gains market share
January 30, 2003Chelsie Woods
January 30, 2003
WINTER SPRINGS, Fla. - Vehicle access control company Barcode Automation recorded a 61 percent increase in business in its previous fiscal year, a pace company officials expect to continue as it gains additional market share.
Much of the company’s growth can be attributed to an increasing footprint of dealers and integrators selling its bar code decals and readers. Over the past year, Barcode Automation saw its coverage in the United States increase by 50 percent...
Intelli-Check partners with Bioscrypt
January 30, 2003SSN Staff
January 30, 2003
WOODBURY, N.Y. - Document verification company Intelli-Check has partnered with biometric company Bioscrypt to integrate fingerprint technology into Intelli-Check’s ID Check product which is used to read barcode and magnetic stripes found on various forms of identification.
The integration will now enable ID Check to read fingerprint templates stored on identification. Templates will be stored in a 2D barcode where it will be read by ID Check to perform user authentication.
According...
L.A. City Council fails to veto non-response policy
January 30, 2003Mike Higgins
January 30, 2003
LOS ANGELES - The Los Angeles police department moved one step closer to implementing a controversial non-response policy when the city council failed to secure enough votes to overturn the policy.
On Jan. 28, the council narrowly missed vetoing the policy by two votes. Eight council members voted in favor of vetoing the policy that had been approved by the police commission earlier this month. Since the city charter requires 10 votes to uphold a veto, the policy will not be...
American Building Control CEO resigns
January 23, 2003SSN Staff
January 23, 2003
LEWISVILLE, Texas - The chief executive officer of American Building Control, formerly known as Ultrak, stepped down from his post, the third time in less than a year the company has had a change in that post.
Company officials did not say in a press release why Niklaus Zenger resigned from his post, but attributed a new business strategy at the company to his tenure. The strategy included the December 2002 sale of Ultrak’s CCTV division to Honeywell, and restructuring...
Advanced Technology Video moves towards reorganization
January 23, 2003Chelsie Woods
January 23, 2003
SEATTLE - Video products manufacturer Advanced Technology Video has received a court approved extension on its deadline to file its reorganization plans.
The extension gives the company until the end of March to detail how it will achieve and maintain financial stability after filing for Chapter 11 bankruptcy protection last summer.
Shelby Beard, president and chief executive officer of Advanced Video Technology, said a plan could come as soon as the end of January. He hopes...
SAI to deregister stock
January 23, 2003Andrea Gura
January 23, 2003
ARLINGTON HEIGHTS, Ill. - Embattled wholesale monitoring firm Security Associates International announced that it was moving forward with plans to deregister its stock from the publicly traded markets.
The company, faced with a slumping stock price and low trading levels, filed a Form 15 with the Securities and Exchange Commission to deregister its common stock, which means, effective immediately the company was no longer required to submit its regulatory filings with SEC.
“In...
Elan comes under new ownership
January 23, 2003Chelsie Woods
January 23, 2003
LEXINGTON, Ky. - Eight years after being taken private by a management led buyout, Elan Home Systems is now under new ownership.
Linear Corp., which offers complementary security and home automation products under the Linear, Xantech and Multiplex name, bought the company for an undisclosed sum in an acquisition that closed Jan. 17.
Carlsbad, Calif.-based Linear Corp. is one of 28 subsidiaries owned by Nortek, a building and indoor environmental controls company based in Providence,...
Controversial non-response policy in L.A. delayed
January 16, 2003Mike Higgins
January 16, 2003
LOS ANGELES - After hearing protests from alarm industry representatives, the Los Angeles City Council voted 12-1 on Jan. 14 to delay the implementation of a controversial non-response policy approved by the Los Angeles police commission.
Under the proposed policy, police would respond to a burglar alarm only if an eyewitness or video had verified the alarm.
The policy would not apply to human-activated panic alarms and burglar alarms at the city’s gun shops....
Extreme CCTV to list on new exchange
January 16, 2003SSN Staff
January 16, 2003
BURNABY, British Columbia - CCTC manufacturer Extreme CCTV, a publicly traded company listed on the TSX Venture Exchange, has filed an application for listing on the Toronto Stock Exchange.
Company President Jack Gin said with its listing on the TSX, Extreme CCTV “established a strong foothold in the public market.â€Â
After a year of growth, the company was ready to “advance to our next level,†he said.
The company...