Features

Clearfix
Mon
25
Oct
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Peter Green Joins Rexel Australia

Mon
25
Oct
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Ir Profits Leap 54 Per Cent

IR is a big player in the electronic security industry and its Security and Safety Sector includes architectural hardware products, mechanical locks, and electronic and biometric access-control technologies, including Schlage locks.

Ingersoll-Rand had net income of $237.8 million, or $1.36 a share, for the latest quarter, compared with $154.6 million, or 88 cents a share, a year ago. Excluding divested businesses and gains on their sale, the company had third-quarter income of $205.6 million, or $1.18 a share.

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The average estimate of analysts surveyed by Thomson Financial was for earnings, excluding items, of $1.16 a share. In July, Ingersoll-Rand forecast third-quarter earnings of $1.10 to $1.15 a share, excluding a gain from the sale of parts of its drilling business. Third-quarter revenue rose to $2.37 billion from $2.06 billion.

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Mon
25
Oct
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DieboldS Security Business Grows Revenue 17 Per Cent

In all, the company’s third quarter 2004 net income of $US48,319,000 and diluted earnings per share of $US.67, compared to diluted earnings per share of $US.66 in the third quarter of 2003.

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Diebold also achieved record third quarter revenue of $US613,393,000, 7.6 percent higher than the third quarter 2003 revenue of $US570,239,000.

Diluted earnings per share grew 1.5 percent, driven by strong performance in the financial self-service and security businesses. Earnings were adversely affected by the election systems business, which was dilutive by $US.04 per share in the third quarter of 2004 but was $US.06 accretive in the third quarter of 2003.

"We are very encouraged by our continued strong order growth during the quarter," said Walden W. O'Dell, Diebold chairman and chief executive officer.

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Mon
25
Oct
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Utc Bid Rejected By Kidde Plc

UTC has previously approached Kidde with a formal proposal for a cash offer for the entire share capital of Kidde, most recently at a price of up to 160p and subject to due diligence. This approach was rebuffed and UTC's request for satisfactory due diligence denied. UTC is considering whether to proceed with an offer and intends to meet with shareholders in order to seek their support for satisfactory due diligence access.

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UTC currently holds 21.875 million shares (2.6 percent) of Kidde. At this time there can be no certainty as to whether an offer will be made or the value of any offer. A new offer would certainly be subject to customary terms and conditions, including a further Hart-Scott-Rodino filing.

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Sun
24
Oct
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Biometric Solutions Broaden Appeal

The series of case histories – most of which have not previously been heard in the UK – delegates to the conference could hear about new applications including border control projects in Europe and Chile, travel security initiatives in the USA and Australia, uses in the South African healthcare industry and banking/payment systems in Senegal, Japan and the UK.

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“Today’s heightened interest in biometrics reflects the fact that the technology can now offer secure, cost-effective and user friendly solutions from single-user implementations to internationally based projects involving millions of users,” said Mark Lockie, editor of Biometric Technology Today and Biometrics 2004 programme coordinator.

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Sun
24
Oct
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Still No Punishment For Chubb Security Australia

The ACCC’s charges relate to Chubb Security Australia entering into agreements with clients to provide security services when at the time of entering into the agreements there were reasonable grounds, of which Chubb was aware, for believing that it would be unable to supply all contracted services within the period agreed. 

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The contracts were entered into between 5 June, 2001 and 4 November, 2002, and clients affected were located in <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" />Sydney, the Gosford region, Canberra and Tasmania.

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Thu
21
Oct
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Hid Positions For Physical And Network Access

Market drivers behind the new initiative are the emerging trend toward the convergence of physical and logical access control onto a common credential, the increasing role of smart card technology and the broadening requirements for reader or reader/writer devices and other system peripherals to support new applications.

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“We want to make HID the technology platform of choice, and that means making sure the right solutions are available whether customers want proximity, contactless or contact smart cards, or a combination,” said Mark Scaparro, HID’s executive vice president of sales.

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Thu
21
Oct
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Consumer Dvrs Pushing Hard

The performance of such companies is relevant because increased penetration of DVRs in the consumer market will have an impact on pricing of commercial systems

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SA said its earnings for the fiscal first quarter ended Oct. 1 rose to $US55.9 million, or 36 cents a share, matching the average forecast by analysts surveyed by Thomson First Call.

It earned $US42.7 million, or 28 cents a share, in the same period last year.

Sales increased 14 percent to $452.7 million from $US395.6 million a year earlier, but fell short of analysts' mean forecast of $461 million.

Scientific-Atlanta said demand for its DVRs remains strong, with 397,000 shipped during the quarter. The company also said it sold 416,000 cable modems, a record number for any quarter.

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Thu
21
Oct
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New Mxpeg Compression Standard Developed

Compared to the motion JPEG standard (Joint Picture Expert Group), "MxPEG" requires only one third of the network bandwidth for data transmission, while still providing very high image quality.

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Network camera manufacturer Mobotix developed the licence-free MxPEG technology to transmit the live images its cameras produce without generating any appreciable network load (1.5 Mbps) for even high-resolution quality (12 images per second, 640 x 480 pixels, 70 percent JPEG quality).

At this data rate, the video stream occupies less than two percent of a standard computer network (100 megabits). As a result, large-format video streams can be transmitted easily via existing networks or the Internet.

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Thu
21
Oct
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Mdi And Honeywell Agree Over Sale Of Cctv Business

Under the agreement, Honeywell paid to the company the final $1.8 million installment it owed, together with interest. As part of the agreement, the company negotiated a favorable settlement of all matters related to three patents that it sold to Honeywell in December 2002 as part of the sale of the CCTV business.

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"I am pleased to report that we entered into a very favorable agreement with Honeywell and David Blackshear, the former owner of three patents covering video security dome units.

Including attorney fees and royalties related to the three patents, the company paid $305,000 as its part of the agreement with Honeywell and Mr. Blackshear.

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