Last PR Nov 15, 2011:
Safeguard Security Holdings, Inc. (OTC: SSHS ), a provider of corporate, industrial and residential security solutions, announces today that it has signed a memorandum of agreement with The Boeing Company [NYSE: BA] to market and distribute Boeing’s Visual Security Operations Console (VSOC) Sentinel technology nationally ( http://www.boeingvsoc.com/about.html ).
The companies will establish a demonstration facility at Safeguard’s corporate headquarters located in Dallas, Texas where Safeguard has built its new state-of-the-art Security Command and Control Center. This new facility will support national sales opportunities and will give both existing and potential clients a firsthand look at VSOC Sentinel’s infrastructure protection capabilities for all types of government and commercial applications.
Ray Navarro, Vice President for Safeguard’s Products and Services Group stated, “Boeing’s VSOC Sentinel technology incorporates existing security platforms, devices, sensors and alarm systems into high-definition 3-D models of buildings and other critical infrastructure assets. This provides end-users at the control center level -- both local and remote -- with a real-time picture of events and alarms in their operational space.” Navarro adds, “Our firm specializes in security command center design and we implement these technologies not only in our own video monitoring facility, but also in our client’s proprietary facilities. This product is one of the most technically advanced 3-D modeling video graphics monitoring technologies on the market and we are very excited about the capabilities this highly sophisticated video product brings to Safeguard and our clients.”
Sean Finegan, Vice President, Business Development for Safeguard stated, “The Boeing VSOC technology allows our firm the ability to significantly enhance our product and service offerings in the video monitoring arena and it establishes a major differentiator for us in the marketplace against our competitors. I anticipate annual sales in excess of $6 million on the VSOC product alone, generating additional reoccurring monthly revenue for monitoring services.”
R. Michael Lagow, Safeguard’s CEO, stated, “This is one of the most exciting business ventures we have encountered since entering the video monitoring and surveillance business four years ago. Boeing’s VSOC product combines powerful capabilities to help improve critical infrastructure protection, and with Safeguard’s extensive security systems experience and market access, we can now make this incredible technology available to our end-users.” Lagow added, “Our security command and control center located at our Dallas corporate headquarters will be deployed with the Boeing VSOC technology for demonstration by the first week of December. We will also be hosting an open house to our end-users and guests the same week.”
Boeing Defense, Space & Security , a unit of The Boeing Company is one of the world's largest defense, space and security businesses specializing in innovative and capabilities-driven customer solutions, and the world’s largest and most versatile manufacturer of military aircraft. Headquartered in St. Louis, Boeing Defense, Space & Security is a $32 billion business with 66,000 employees worldwide. Follow Boeing on Twitter: @BoeingDefense .
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, government and residential clients with a broad array 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, background investigations, video monitoring, and 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. All operations are directed from its offices in Dallas, Texas and house the following business subsidiaries: Acquient Security Consulting, Inc., Acquient Systems Technologies, Premier Background Search, Inc. (PBS), Safeguard Products and Services Group, Safeguard Background Checks, SGI Protective Services, SEARCH global, Inc., Secure Concepts International, Inc., SYSTEMS group, Inc., SYSTEMS group Protective Services, SYSTEMS group Technologies and SYSTEMS group Global.
Forward-Looking Statements:
Statements which are not historical facts contained in this 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 competition, the results of financing efforts, changes in consumers' preferences and trends. The words “estimate,” “possible,” and “seeking” and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to 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.
