Suppliers
Axis Communications 2023 performance on track to outshine record-breaking 2022
October 3, 2023SSN Staff
CHELMSFORD, Mass. – Axis Communications, a video surveillance equipment supplier, gathered with top channel partners at its annual Axis Converge & Connect Conference (ACCC) in Kansas City to share key accomplishments and set the stage for future growth.
In recent months the company released the details behind its enhanced operations and strengthened supply chain that led record shipments in the first half of 2023. Axis has shared specifics behind its high growth trajectory, including a return...
RAD sees record quarterly sales intake, 343% increase in number of units sold
September 8, 2023SSN Staff
DETROIT – Artificial Intelligence Technology Solutions (AITX) has reported that its wholly owned subsidiary, Robotic Assistance Devices (RAD), saw a record number of devices ordered for Q2 of fiscal year 2024.
During the quarter RAD booked 155 devices on order, a 343% increase over the number of devices ordered in Q1 of 2024. The company’s fiscal year 2024 will end Feb. 29, 2024. “All engines are firing, and this RAD rocket has entered a new orbit,” said Steve...
acre Security builds momentum in 2023 with cloud offerings, market expansion
September 5, 2023SSN Staff
LAS VEGAS – Security systems provider acre Security showed a robust growth trajectory in the first half of 2023, marked by adoption of its cloud-based access control solutions, expansion of its reach internationally, and improvement of its mobile solutions.
In a release the company discussed their growth as a result of demand for cloud-based access control from companies migrating towards convenient and secure access to data from cloud solution. Acre noted that the flexibility and scalability...
IDIS announces completion of Costar acquisition
August 29, 2023SSN Staff
COPPELL, Texas—Global security company IDIS announced that its acquisition of electronic security products provider Costar Technologies has been completed.
IDIS and Costar have enjoyed a long-term existing ODM (original design manufacturer) relationship – approximately 60 percent of Costar Video products are already made by IDIS. The acquisition builds on the strong ties between the two companies and will catalyze strategic synergies including a deeper focus on potential growth sectors.
Costar...
NAPCO stock plunges dramatically on restatement of prior three quarters
August 21, 2023Ken Showers, Managing Editor
AMITYVILLE, N.Y. – NAPCO Security Technologies is off to a rough start this week following the restatements of its financial results for the first three fiscal quarters of 2023..
In a statement issued on Aug. 18, the company said that, “On Aug. 14, 2023, the Audit Committee of the Board of Directors of the company concluded that the company's previously issued unaudited interim financial statements for the fiscal quarters ended Sept. 30, 2022, Dec. 31, 2022, and Mar. 31,...
Sentry Enterprises, X-Core Technologies complete merger
August 10, 2023SSN Staff
WEST CHESTER, Pa.—Global identity solutions provider Sentry Enterprises announced this morning that it has completed its merger with Smart Card device developer X-Core Technologies.
For more than 15 years, X-Core Technologies has been a pioneer in Smart Card device development and card manufacturing technology in the payment and microelectronic industry, staffed by an engineering team led by Mark Cox, its founder and CEO.
X-Core is the inventor of the Prelaminate Core Sheet,...
Securitas Technology celebrating momentum, anniversary of STANLEY acquisition
August 1, 2023SSN Staff
UNIONTOWN, Ohio – Securitas has acknowledged the one-year anniversary of its acquisition of STANLEY Security and Healthcare, which the company is calling a significant milestone in its, “…transformation journey toward technology-based solutions and its ambition to be an outstanding global security and safety partner that helps make the world a safer place.”
Securitas Technology said that the combined offering of the two companies has solidified its expertise...
Securitas continues quiet transformation during Q2 earnings call
July 31, 2023SSN Staff
STOCKHOLM – After a relatively silent year Securitas AB held its second fiscal quarter 2023 earnings call on July 28, posting positive results and growth as the company undergoes changes to its digital capabilities.
That silence has ended with a quarterly earning call which shows the company well on track with organic sales growth of 11 percent, operating margin of 6.6 percent, Earnings per share before and after dilution of SEK 2.05, and earnings per share before and after dilution,...
Allegion Q2 results show continued momentum
July 26, 2023SSN Staff
DUBLIN – Allegion held its 2023 second quarter earnings call on July 26, and the results are a year of positive gain and increased expectations.
These results mirror a surprisingly well-padded first quarter that could not be dampened by the soft residential market. Now several months later Allegion is reporting revenues of $912.5 million, up 18% on a reported basis and up 5.6% on an organic basis in the second quarter of 2023.
“In Q2, strength across both residential and nonresidential...
BCD Founder and CEO Jeff Burgess retires
July 25, 2023SSN Staff
BUFFALO GROVE, Ill.—Jeff Burgess, founder and CEO of IP video data infrastructure solutions provider BCD, has announced his retirement, effective July 21, 2023.
According to a press release issued by the company he founded in 1999, Burgess will transition from CEO into the role of chairman of the board, “ensuring BCD continues to be a mainstay within the industry.” BCD’s day-to-day operations will be handled by its executive team throughout the duration of the transition,...