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Protection One restates earnings for two quarters


TOPEKA, Kan. - An error in applying a new accounting standard to Protection One's financial results has caused the company to restate its first and second quarter earnings results, but officials said the restatement will have no impact on the company's ability to meet its debt covenants.

Security company sells with superheroes, comic book figures


HIGHLAND PARK, Ill. - A 28-year-old security company here known for its unorthodox marketing techniques has struck a deal to bring Spiderman, Captain America, The Hulk and other superheroes to Chicago as part of a new marketing campaign.

Philips pioneer in networking technology


AMSTERDAM - Philips Semiconductor is among a host of technology heavyweights involved in the development of a new low-cost wireless networking protocol that is intended to become the industry standard for networking automation devices in the home.

Branded Zigbee, the protocol is a low data rate, low power consumption wireless technology that eventually could be used in everything from wireless home security systems, remote lighting and thermostat controls, call buttons for the elderly and disabled and wireless smoke and carbon monoxide detectors.

AlarmForce posts record growth, revenue numbers


TORONTO - Security manufacturer and installer Alarm Force has posted another successful quarter with its aggressive mass marketing model, recording an increase in revenues of 23 percent and net income growth of 25 percent.

With 30 offices and 100 employees across Canada, Alarm Force has been able to grow to a base of more than 33,000 accounts through organic growth, and without generating much debt, said Joel Matlin, Alarm Force president and chief executive officer.


SSN Staff  - 

Lantronix signs deal with FutureSmart

IRVINE, Calif. - Lantronix has signed a deal with a structured wiring hardware manufacturer to integrate its Premise SYS Automation Software with FutureSmart's structured wiring panel and server.

Sweetwater begins sweet venture

Capital firm plans to build a national alarm company

STAFFORD, Texas - Venture capital firm Sweetwater Ventures is making inroads in the security industry, recently buying North American Security Alarm, a Dallas company that focuses on high-end residential accounts.

Company officials plan to use the acquisition as a platform for Sweetwater to build a national security company.



SSN News Poll October 2020

With the flurry of activity in partnerships and acquisitions recently — ADT partnering with Google to take on the smart home market; Motorola buying Pelco; Johnson Controls acquiring Qolsys; and S3 expanding into Western Virginia — this month’s News Poll looks to gauge the M&A market.