Safeguard Inks Deal with Stealth Monitoring, Inc.
November 18 2009 - 11:32AM
Business Wire
Safeguard Security Holdings, Inc. (OTC:SSHS), a provider of
corporate, industrial and residential security solutions, announces
today that it has executed a license agreement with Stealth
Monitoring, Inc. (www.stealthmonitoring.com) as its camera
surveillance-systems integrator and IP video monitoring
company.
Stealth Monitoring will occupy the new security command and
video control center on January 1, 2010. The new center will
exhibit the latest in video analytics and monitoring technologies,
and will support 24/7 call center activities and patrol dispatch
services to other operating units of Safeguard. On September 22,
2009, Stealth announced its strategic partnership with Sony. Their
partnership identifies Stealth recommending Sony’s IP-based video
security solutions to its IP clients while Sony promotes Stealth’s
unique video monitoring services. Stealth’s president, Norm
Charney, stated, “The partnership with Sony offered a valuable
competitive edge. We have a thousand different cameras that are
coming into our control center of all types and brands, and we have
trained personnel watching these cameras live.” Charney added,
“Most video monitoring services are performing an event-based
program (after the fact). Stealth is providing ‘pre-crime
analytics’ monitoring. We are monitoring events ‘live’ using video
analytics and intrusion detection software in an attempt to deter a
crime before it occurs. When
necessary, we dispatch authorities, to apprehend criminals, while
they are still on the property and we have several successful case
studies to give us bragging rights now. This type of monitoring is
much more effective than recording an incident after it
occurs.”
R. Michael Lagow, CEO for Safeguard, stated, “We announced the
construction of our new security command and video monitoring
center earlier this month. Now, our partnership with Stealth allows
our technology group to further its reach into the video
surveillance market and gain additional market-share. This
partnership also enhances our subscription based revenue stream,
thus creating a sticky client long term. We expect our monitoring
services to increase our overall company revenue by $1,500,000.00
in 2010.” Lagow added, “I have known Norm since founding
SYSTEMSgroup, now a wholly owned subsidiary of Safeguard. I have
watched him grow this unique monitoring service to a sizable
venture, and I look forward to building this partnership to the
next level with him.”
About Safeguard: (www.safeguardsecurityholdings.com)
Safeguard is a fully integrated sole-source security solutions
provider offering a converged suite of physical and electronic
services through its operating subsidiaries. It provides corporate
and government clients with a wide range of security services
ranging from highly trained armed and unarmed guards, security
management staffing, and security staff outsourcing, to
installation and maintenance of integrated electronic security
solutions, and even to specialized consulting services as may be
required to support the varying security needs of its clients. The
Company is organized along three distinct lines of business -
Technical Systems, Security Personnel and Security Outsourcing
Solutions. Its operations are directed from its offices in Dallas,
Texas.
Forward Looking Statements:
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release are forward looking statements, such as “immediately
accretive” that involve risks and uncertainties, including but not
limited to, the effect of economic conditions, the impact of
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consumers' preferences and trends. The words “estimate,”
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publicly update or revise any forward-looking statements, because
of new information, future events, or otherwise. Future events and
actual results may differ materially from those set forth herein,
contemplated by, or underlying the forward-looking statements.
© 2009 Safeguard Security Holdings, Inc. The information herein
is subject to change without notice. Safeguard shall not be liable
for technical or editorial errors or omissions contained
herein.