CORAL SPRING, Florida, February 2, 2016 /PRNewswire/ --
Security Industry sector continues to show promise as latest security products and systems which include various components such as surveillance systems, intruder alarms, access control systems and software fuels growing demand for newest and advanced security systems installations and product development. Today's security systems & product companies in with recent developments of importance are: DirectView Holdings, Inc. (OTC: DIRV), The ADT Corporation (NYSE: ADT), Tyco International plc (NYSE: TYC), LoJack Corporation (NASDAQ: LOJN) and The Brink's Company (NYSE: BCO).
DirectView Holdings, Inc. (OTC: DIRV), a company focused on ownership and management of leading video and security technology companies, today announced that it has been selected by LBU Group ("LBU"), to provide complete surveillance systems for its nine retail locations throughout Florida. DirectView will install a full array of surveillance cameras and NVR recording equipment at each location as well as a remote monitoring center at LBU's headquarters in Deerfield Beach, Florida. The full installation contract is projected at in excess of $100,000. In addition, DirectView has received a ten year ongoing system maintenance agreement.
To read the full Directview (DIRV) Press Release go to: http://www.financialnewsmedia.com/profiles/dirv.html
Mr. Jake Gersowsky, CFO of LBU, commented, "As an established retail chain, we know that having the highest level of security and surveillance at our locations helps us to provide an exceptional shopping experience for our customers while minimizing loss from theft and creating a safer workplace for our employees. We selected DirectView for their extensive expertise and top notch products and we look forward to a long lasting relationship with them as we grow our company in the years to come." Roger Ralston, CEO and Chairman of DirectView, stated, "We are excited to have been chosen by LBU to provide our comprehensive surveillance systems for all of their Florida locations. Our systems provide retail organizations with extensive monitoring for theft prevention as well as customer and employee safety which is critical in today's environment. We look forward to building a long lasting relationship with LBU at their current locations and as they expand in the future."
In other security products and surveillance system news and developments: The ADT Corporation (NYSE: ADT), a leading provider of security and automation solutions for homes and businesses, earlier this month welcomed August Smart Lock and the Ring™ Video Doorbell to its Smart Security ecosystem by integrating those solutions with ADT Pulse. These new partners come on the heels of a recent announcement that Pulse customers nationwide can integrate Nest Learning Thermostats within Pulse. "ADT is creating the ultimate security and home automation ecosystem through strategic partnerships," said Arthur Orduña, Chief Innovation Officer of ADT. "We're giving customers the ability to design a custom smart home experience that integrates a diverse array of beautiful, engaging products with the premium safety and security they count on from ADT."
Tyco International plc (NYSE: TYC) recently announced that it has completed its previously announced acquisition of ShopperTrak, a Chicago-based leading global provider of analytics for the retail industry, for approximately $175 million in cash. ShopperTrak's solutions include perimeter traffic counting, in-store consumer behavior analytics and industry benchmarking. Combining these capabilities with its existing loss prevention, inventory intelligence and retail traffic analytics solutions, Tyco now offers retailers a unique combination of insights that they can use to make more informed decisions to improve their revenue and profitability.
CalAmp (NASDAQ: CAMP), a leading provider of wireless products, services and solutions, and LoJack Corporation (NASDAQ: LOJN) ("LoJack"), a provider of vehicle theft recovery systems and advanced fleet management solutions, announced that the companies have entered into a definitive agreement pursuant to which CalAmp will acquire all of the outstanding shares of common stock of LoJack for $6.45 per share in an all cash transaction valued at approximately $134 million.
The Brink's Company (NYSE: BCO), a global leader in security-related services, announced earlier this month that it has entered into an agreement with Starboard Value LP, which has a combined beneficial and economic ownership of approximately 12.3% of the Company's outstanding common stock, regarding the composition of the Brink's Board of Directors. Under the terms of the agreement, the Brink's Board of Directors has elected Ian D. Clough, George I. Stoeckert and Peter A. Feld to the Board, effective immediately. Mr. Clough, Mr. Stoeckert and Mr. Feld will stand for election as nominees of Brink's at the Brink's 2016 annual meeting of shareholders, together with incumbent director Paul G. Boynton. In connection with the appointment of the new directors, Murray D. Martin and Ronald L. Turner have retired from the Board of Directors, effective immediately.
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