Archive: April 2004
GVI Security awarded port security contract
April 29, 2004SSN Staff
April 29, 2004
CARROLLTON, Texas - GVI Security Solutions has announced that it has been selected to provide components for a $1.5 million upgrade to the closed-circuit television system of a substantial U.S. port.
Under the contract, GVI will supply an integrated CCTV solution incorporating the company’s Digital Watchdog digital video recorders, intelligent PTZ and smart mini-dome cameras.
This is the second port contract the company has received in the past 12 months. Nazzareno Paciotti,...
Protection One pays on belated due date; elects Enis as chairman
April 29, 2004SSN Staff
April 29, 2004
TOPEKA, Kan. - Protection One has announced that it has made a semi-annual interest payment of approximately $7 million on the outstanding $190.9 million aggregate principal amount of its –7 3/8 percent senior notes due in 2005.
The commercial and residential security service provider had previously deferred payment, which was due on February 17, to re-evaluate the potential effects of Westar Industries’ sale of its 87 percent interest in the company. Under the terms...
Integrator wraps up series of school, university projects
April 29, 2004SSN Staff
April 29, 2004
ROBINSON TOWNSHIP, Pa. - Systems integrator and telecommunications company The Comm Group recently announced it has completed several contracts totaling approximately $1.3 million in work.
One set of projects involved $500,000 of work for four schools districts. The Upper Saint Clair, Mount Lebanon, Pleasant Hills and Chartiers Valley schools districts in Pennsylvania were outfitted with systems that ranged from security, fire, sound and computer network infrastructure.
Another round...
Counterforce increases its U.S. market share
April 29, 2004Rhianna Daniels
April 29, 2004
HOUSTON - Counterforce USA, a security services provider here, is continuing to expand its North American market share with its purchase of a Detroit-based residential and commercial alarm company.
Counterforce, a subsidiary of Chubb, acquired the assets of Acceptance Alarm at the end of March for an undisclosed amount - adding approximately 400 accounts to its portfolio.
“Counterforce already had a fairly significant base of accounts in Detroit,â€Â...
Distribution agreement expands network camera applications
April 29, 2004SSN Staff
April 29, 2004
LAKE SUCCESS, N.Y. - Video camera company Canon U.S.A. is broadening its portfolio of products, partnering with Videolarm to distribute its indoor and outdoor domes.
The agreement is for Canon to sell four versions of Videolarm’s eight-inch FusionDome products. The domes are scheduled to be available from Canon this summer.
According to Yukiaki Hashimoto, senior vice president and general manager for Canon’s Consumer Imaging Group, the line of domes have been configured...
Acquisition adds significant size to ASG Security
April 29, 2004Chelsie Woods
April 29, 2004
BELTSVILLE, Md. - ASG Security has doubled its employee base and substantially grown its business thanks to its recent purchase of Argus Security Systems in McAllen, Texas.
The acquisition, which closed last week, brings ASG Security’s account base to 42,000 customers and 250 employees. Argus Security is known as one of the largest security companies in the Rio Grande Valley area and has a niche of providing CCTV, security and fire suppression systems to restaurants.
“We...
Security Broadband closes central stations, heads back to the lab
April 22, 2004Derek Rice
April 22, 2004
ORLANDO, Fla. - Security Broadband has closed its central monitoring stations here and in Las Vegas after ending the beta portion of its product testing in March.
According to Harris Bass, senior vice president of distribution for Security Broadband, the company operated the program in the two cities for two years, beginning in March 2002 with a minimal customer turnover.
From a central station perspective, Bass said, Security Broadband believed it could scale its technology, which...
Napco aligns with company to serve Middle East Region
April 22, 2004SSN Staff
April 22, 2004
AMITYVILLE, N.Y. - Napco Security Systems has partnered with another company to start up a sales and marketing facility to serve the Middle East security market.
The manufacturer of alarm control panels, access control systems, sensor and other products joined up with Gulf Associates to create Napco Gulf Security Group headquartered in the Dubai Airport Free Zone, United Arab Emirates. The company will sell Napco’s complete line of security products and offer non-competitive...
Finance firm scoops up SLP Capital
April 22, 2004Chelsie Woods
April 22, 2004
ST. LOUIS - Commercial finance firm CapitalSource has bought one of the most well-known names in financing for the security industry, acquiring SLP Capital in early April.
The sale follows a management change at SLP Capital, with former co-founder Henry Edmonds leaving the firm last year, and a liquidity issue in the security market. In recent years a number of finance companies for the market, including ADT Security and MCG Capital, either changed their financing scope or all together...
Jury hung in lawsuit against alarm company
April 22, 2004SSN Staff
April 22, 2004
MUNCIE, Ind. - Earlier this month, a judge here has declared a mistrial in a case to determine whether an alarm company was responsible in the death of a murdered liquor store clerk.
On April 8, after 10 hours of deliberation, the jury in the lawsuit could not reach a verdict, so Judge Marianne Vorhees declared a mistrial in the trial against Tri-Etch Inc., which does business locally as Sonitrol Security Systems.
In July 2003, nearly six years after Muncie Liquor Store clerk Michael...