Thursday, December 15, 2005

Anxiety Over Transit System's Security Adds to Tensions at Negotiating Table

The Metropolitan Transportation Authority's labor negotiations with its biggest union come at the end of a year of jitters: fatal bombings of the London subway and bus system, the start of random bag searches by the police in response and an F.B.I. terror alert warning that the New York City subways might be a target. (more)

Friday, December 09, 2005

Will GE Capitalize on Homeland Security Market?

When General Electric Co. bought Invision Technologies Inc. in Newark for $900 million in December 2004, the global conglomerate was making a huge bet on a still nascent but growing niche market: homeland security.
Today GE's subsidiary, GE Security Homeland Protection Business, is poised to cash in on that bet. Its acquisition of Invision, one of the leading makers of luggage bomb detection machines, has put the company right in the middle of an anticipated explosive growth in the security market.
The worldwide homeland security market, estimated to have grown into a $40 billion market since 2001, will balloon to a $115 billion industry in the next five years, according to the Civitas Group, a Washington, D.C., consulting firm.
But GE Security President Dennis Cooke is not content to merely be a leader in luggage explosive detection systems, now a $300 million business for the company. Cooke wants an even bigger slice of the security market.
"Security is where quality was 20 or 30 years ago," Cooke said during an interview at the company's headquarters in Newark. "Businesses didn't think of quality as much then and now every company has quality control. We are now seeing businesses with chief security officers on staff, and we believe security is going to be as ubiquitous in commerce and government as quality is today. (more)

Integrian, Inc., Launches TransitCam™ Products into Canadian Transit Market

Research Triangle Park, NC – Integrian, Inc. a leading developer of mobile digital video solutions announces the launch of its TransitCam products into the Canadian transit market. The TransitCam TC-50 and TC-100 are currently sold out of offices in the U.S., Australia and England.
“We have just begun to tap into the demand in Canada,” explained Terry Rash, Integrian Sales Manager. “More and more transit agencies are looking for a total solution to their security and surveillance needs; TransitCam has been proven in many high profile and demanding transit environments to provide that solution.”
TransitCam is an ultra-rugged digital video recorder, manufactured to withstand the unique demands of the mass transit environment. The product has several features which are industry leading, including the ability to record at 30 frames per second on 8 cameras simultaneously for a total of 240 frames per second aggregate, as well as the flexibility to configure the cameras' frame rates and resolution. (more)

Lehman Brothers Sees Verint Trading Down

"Given the recent run in the stock, we expect shares of Verint Systems (Nasdaq: VRNT) to modestly trade down following in-line third quarter results and guidance that was in line with our and consensus expectations, after adjusting for recent acquisitions. We would look for pullbacks into the mid thirties to add to positions," Lehman Brothers analyst Israel Hernandez writes, following the release of Verint's third quarter financials. (more)