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Archive: April 2023


Also Noted

Hernando County School District expands ZeroEyes deployment

April 28, 2023SSN Staff

PHILADELPHIA – AI-based gun detection video analytics platform ZeroEyes announced that a Florida school district has significantly expanded its deployment of the company’s software solution. The Hernando County School District of Brooksville, Fla., has followed up on its one-year anniversary of the successful deployment of ZeroEyes by layering its detection platform on its existing security cameras in more than 10 facilities. In addition to detection, the company said its...

AI-based, Gun Detection, Hernando County School District, Jill D. Renihan, Mike Lahiff, security cameras, Video Analytics, ZeroEyes


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ASSA ABLOY delivers Q1 results as trial gets underway

Residential

ASSA ABLOY delivers positive Q1 results in midst of trial proceedings

April 28, 2023Ken Showers, Managing Editor

WASHINGTON, D.C. – All signs pointed to a positive first quarter for lock maker and access solutions provider ASSA ABLOY despite a lawsuit looming over proceedings. On April 26 the company held its quarterly earnings call for investors where it presented some strong numbers for growth including net sales increase of 22 percent to SEK 32,391 M (26,591), with organic growth of 8 percent (14) and acquired net growth of 5 percent. President and CEO Nico Delvaux attributed...

Assa Abloy, commercial, Diane Bartz, Emtek, Global Technologies, Nico Delvaux, perimeter security, Residential, Reuters, Smart Residential, Spectrum Brands, United States Department of Justice (DOJ)


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Also Noted

Guetschow in as CTO at HiveWatch

April 27, 2023SSN Staff

LOS ANGELES – Physical security software company HiveWatch has announced the appointment of Rick Guetschow as its new chief technology officer. HiveWatch stated that Guetschow will be developing the long-term strategy for technological implementation across the organization, contribute to data security management for HiveWatch, while working alongside its engineering and product teams to deliver ongoing innovation for the HiveWatch Global Security Operations Center (GSOC) Operating...

data security management, Episource, Global Security Operations Center (GSOC), HiveWatch, information security, Physical Security, Rick Guetschow, Ryan Schonfeld


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Also Noted

RAD releases AI-powered tracking feature

April 27, 2023SSN Staff

DETROIT – Robotic Assistance Devices (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc. (AITX), have announced the release of their new AI-based analytic providing tracking features for vehicles and humans. The analytic is being added to a list of provisional patent applications being filed by AITX very soon. It solves what the company said are two challenges important to end users and security operations centers (SOC): The reduction of false positive alarms, and advanced...

AI-based, Artificial Intelligence Technology Solutions (AITX), false positive alarms, Robotic Assistance Devices (RAD), security operations centers (SOC), Steve Reinharz


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Also Noted

Interface shares best practices for mall-based security

April 26, 2023SSN Staff

ST. LOUIS – Business security managed service provider Interface Systems is joining forces with businesses to hold an educational session at the upcoming RILA Retail Asset Protection conference. The session, titled "Securing Mall-Based Retailers - Best Practices & Partnerships" is a joint project between Interface Systems and Helzberg Diamonds, Signet Jewelers, and Brookfield Properties. In its official release Interface announced that panels would include Tim Lapinski - divisional vice...

Brookfield Properties, Business security, Chris Hackler, Dan Ryan, Helzberg Diamonds, Interface Systems, managed service provider, Matt Smitheman, remote video monitoring, RILA Retail Asset Protection conference, Security, Signet Jewelers, Tim Lapinski


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Allegion Q1 results, “Robust Demand” for NA non-residential business

Suppliers

Allegion Q1 results, “Robust Demand” for NA non-residential business

April 26, 2023Ken Showers, Managing Editor

DUBLIN – It’s been a strong start to 2023 for Allegion plc as the company released its first quarter financial results during this week’s scheduled earnings call. The company posted an organic revenue growth of 15 percent, with electronics growth for the quarter exceeding 30 percent in the Americas. Allegion's cash generation improved significantly over last year and has raised outlooks on revenue, EPS and cashflow as a result. In the call Allegion President and...

2023, Allegion plc, Earnings Call, electronics, First Quarter (Q1), John Stone, non-residential, portable security, Residential


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Alarm.com

Commercial

Alarm.com acquires assets of AI-based video analytics provider Vintra

April 26, 2023SSN Staff

TYSONS, Va.—Alarm.com has announced the acquisition of substantially all assets of Vintra, a software provider of AI-powered video analytics for the enterprise commercial market. Financial details of the transaction were not disclosed at the time of closing. Integrating Vintra's software capabilities and its experienced science and engineering teams will expand Alarm.com's deep learning program and accelerate deployment of advanced video analytics solutions for the Alarm.com and...

alarm.com, Jeff Bedell, Vintra


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Monitoring Matters

Earnestly Speaking

April 26, 2023Ken Showers, Managing Editor

The day of this blog marks the start of several weeks’ worth of Q1 quarterly earnings calls, and it’s my greatest hope that someone will have something exciting to say. Make no mistake, from what I’ve seen of the industry these past few months it sounds like business is booming and a lot of companies are going to post some impressive first quarter numbers, but that’s boring. “Everybody made money” is a good story, but its not a very interesting story. So...

Assa Abloy, Earnings Call, First Quarter (Q1), NRG Energy, United States Department of Justice (DOJ), Vivint


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Also Noted

Iluminar announces release of StatusLight

April 25, 2023SSN Staff

IRVINE, Calif. – Manufacturer and supplier of infrared and white light illuminators, iluminar Inc., has announced the release of StatusLight. StatusLight is an agnostic IoT indicator lamp that’s been purpose built for the security industry according to iluminar. It houses over 36 full spectrum LEDs and is compact and lightweight in its design which indicates the status of an ongoing event. The product can receive alerts from practically any source, which triggers bright colors, patterns,...

Eddie Reynolds, iluminar Inc., Internet of Things (IoT), Manufacturer, Security, security events, StatusLight, supplier, white light illuminators


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Hakimo raises $6 million in funding for product development and market expansion

Monitoring

Hakimo raises $6 million in funding for product development and market expansion

April 25, 2023SSN Staff

MENLO PARK, Calif. –Hakimo has six million reasons to celebrate today thanks to a round of funding led by Rocketship.vc. The funding round also saw participation from existing investors Neotribe Ventures, defy.vc and Firebolt Ventures as well as new investors Carrier Global Corporation, through its venture capital group, Carrier Ventures, and well-known physical security industry entrepreneur John L. Moss. Hakimo has said the capital will be used to expand into new markets as it accelerates...

Anand Rajaraman, Artificial Intelligence (AI), badge readers, cameras, Carrier Global Corporation, Firebolt Ventures, Hakimo, John L. Moss., LenelS2, Neil Sequeira, Neotribe Ventures, Physical Security, Rocketship.vc, Sam Joseph, Security Industry Association (SIA)


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