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American Dynamics enhances VideoEdge VMS for high-traffic security users

American Dynamics enhances VideoEdge VMS for high-traffic security users

Editor / Provider: Tyco American Dynamics | Updated: 11/5/2013 | Article type: Security 50

American Dynamics, part of the Security Products business unit of Tyco , introduced the latest version of its VideoEdge VMS which includes critical new features to help prevent crime and more effectively monitor active, high-traffic environments.

Through analysis of the challenges facing security professionals in active environments, American Dynamics identified critical features that are important to ensure the safety of patrons and employees, while securing company property. Loss prevention professionals in retail require reliable video analytics and integration with Point of Sale systems that provide real-time access to intelligence to help pinpoint suspicious transactions backed up by indisputable video.

VideoEdge provides these results in seconds, allowing retailers to run exception reports and visualize the data to realize a sharp decrease in theft. In addition, no matter what specific challenges customers face, VideoEdge is easy to install with low maintenance for a better user experience. It also builds upon its unification with access control with a 'Swipe and Show' feature that provides an essential layer of security for places like large buildings with open turnstile architecture, oil refineries, water supply plants, nuclear plants, and other critical infrastructures requiring visual authentication of personnel. “VideoEdge is built on a robust foundation that provides the most security-critical features like analytics and security unification while ensuring continuity with worry free video failover.” said Shahar Ze'evi, Senior Product Manager for American Dynamics.

Using the victor unified client, operators get access to live and recorded video quickly and can manage “investigator mode” while monitoring live events. Victor is the only VMS client in the industry to have the UL 1076 certification, the standard for proprietary burglar alarm systems and a 'must have' for many security-critical customers with an operation center managing multiple unified video, burglar, and access control systems.

A prelude to 2013 a&s Security 50

A prelude to 2013 a&s Security 50

Editor / Provider: JILL LAI, a&s International | Updated: 11/8/2013 | Article type: Hot Topics

We proudly present the winners for 2013 Security 50, who stayed focused and agile to weather the uncertain economy and harsh market competition. Lingering uncertainty in global economy has hindered the progress of many industries since the recession in 2008. Compared to consumer electronics, the security industry still grows steadily. The fragmented market nature and disparate security demands in different industries and geographic regions, on the other hand, provide a parachute to the security market, preventing itself from being severely influenced by the mega trends. However, we noticed that government budget constraint in many countries and the gloomy European economy have caused some related industries or companies to experience downturn.

The Security 50 seeks different strategies to meet the challenges in the market. Some strengthened their territories in the non-government sectors. Those who used to target high-end markets have shifted to the small- to middle-end markets for increased market awareness. Some focused on their penetration in certain vertical markets to stay competitive. Although IP-based video surveillance remains strong, the companies face fierce competition over the price and challenges of differentiating products and services.

The rise of Chinese enterprises has become much more obvious, also shown in the 2013 security 50 ranking. It is hard to overlook the improvement of Chinese products and enterprises during these years. Following the steps of Lenovo and Alibaba, more and more Chinese companies have emerged in the global markets.

Finally, although we observed fewer mergers and acquisition from last year and early this year, quite interestingly, the investments from venture capitals take up major parts. This fully demonstrates the overall confidence toward physical security from global investors. Looking toward 2014, besides video surveillance, the access control and alarm industry will also start to escalate their growth drive. A promising future can be expected.

a&s sister publication is unveiling the complete 2013 ranking and coverage in next week, on a dedicated microsite. Be sure to check out this year's solution providers and their viewpoints!

Milestone Systems acquires training specialist Connex Int'l

Milestone Systems acquires training specialist Connex Int'l

Editor / Provider: Milestone systems | Updated: 11/5/2013 | Article type: Security 50

Milestone Systems, the open platform company in IP Video Management Software (VMS), is purchasing all outstanding shares of the surveillance training, certification and consulting company Connex International, based out of Minneapolis, Minnesota. Milestone is already a majority stakeholder in Connex from an initial investment in July 2010.

For years the Connex teams have set up, managed and performed Milestone channel partner training in many languages with proven success across all regions. In recent years, Connex added rigorous certification testing and documentation of Milestone Solution Partner integrations with the XProtect open platform, such as access control, analytics, geo-spatial positioning, video synopsis, 360° camera view de-warping, network video storage and more.

Milestone is investing in supporting the need for continued education in the physical security sector from analog to IP technology. Training the partner channel in open platform IP video skills creates value, by increasing technical expertise differentiates system integrators in the market and most importantly, ensures that they deliver the best solutions to customers.

The key to Milestone strategy for continued growth are the competent distributors and resellers in the international ecosystem. To further accelerate, globalize and align our efforts to strengthen the training of this ecosystem, Milestone has decided to acquire and include Connex in the core of business operations, said Lars Thinggaard, President and CEO, Milestone Systems. Furthermore, Milestone will continue to invest significant resources in the Milestone Knowledge Program and the teams driving the global training concepts to market. The full inclusion of Connex into Milestone is a testimony to this strategy. Their services support Milestone partners in delivering the most competitive, well-designed and high quality solutions in the industry.

Honeywell's Galaxy intrusion panel integrated with Nedap AEOS

Honeywell's Galaxy intrusion panel integrated with Nedap AEOS

Editor / Provider: Nedap Security | Updated: 11/4/2013 | Article type: Security 50

The Galaxy 520 intrusion panel from Honeywell is fully integrated with AEOS - the open security management platform of Nedap, making optimum use of previously made investments. AEOS enables easy access control and video management functionality to the Galaxy intrusion detection system.

As the functionalities of the Galaxy intrusion panel are fully integrated in the web-based graphic alarm handler of AEOS, they can be armed and disarmed remotely. Alarms can also be fully processed in AEOS linking video images to them. This considerably reduces the number of unnecessary alarms. With the use central storage, all the data are accessible in a single database.

Highlights of the integration with the Galaxy 520:

Put an end to false alarms and reduce the consequences of distractions while arming or disarming the intrusion detection system. During the process, all doors are blocked so unauthorized persons can never enter the area and trigger the system.

Alarms triggered by the connected sensors are handled more quickly and thoroughly using a fully web-based AEOS graphical alarm handler. Alarms are processed completely and logged in AEOS.

Video images are displayed live within AEOS video management and recorded during the activation and deactivation of the intrusion detection system. It immediately provides relevant video image when an alarm is triggered.

In AEOS, it is possible to follow the route of the security guard and the arming and disarming of intrusion detection systems (AEOS Guard Tour). This provides continuous monitoring of the situation.

Application-specific features of VMS

Application-specific features of VMS

Editor / Provider: The Editorial Department, a&s International | Updated: 11/1/2013 | Article type: Tech Corner

Vertical markets often have very specific needs to ensure a secure environment. Although some features and functions are seen across industries, it is important to understand the environment and business processes of verticals to ensure a VMS can meet the potential unique needs of organizations working in these sectors.

To meet the unique requirements of verticals, Dvtel offers solutions that can be easily customized to customer needs. “We provide solutions with many features and capabilities that, in the majority of cases, provide what the customer is looking for and doesn't require further dedicated software development. Our software infrastructure is built in such a way that writing a new integration and even customizing the UI is easy. The advantage of this approach is that many applications and integrations that were developed to meet a specific customer's needs, are also relevant to others,” said Ilan Krugliak, Product Manager at Dvtel.

 An open platform, user-friendly interface, and easy to integrate are definitely factors for VMS providers to increase market share. “To serve diverse vertical markets, such as city-wide surveillance, education, transportation, retail, gaming, parking-and-law enforcement, and more, we built systems with an open API, that allows customers to ‘connect' and ‘integrate' both legacy hardware (cameras and access control devices) and a vast list of hardware from vendors and partners who manufacture cameras, access control devices, intercom devices, and more,” said Jimmy Palatsoukas, Senior Product Marketing Manager, Genetec.

Top Verticals
There is plenty of technology that will challenge VMS: analytics, HD cameras, biometrics, access control, and more. As VMS develops, customers will expect more than the basics, and will look to see how usable different VMSs are.

Retailers today are using security solutions for asset protection, loss prevention, and business intelligence to stay competitive. Like many industries, the retail industry faces challenges such as tense competition, decreasing margins, and external/internal losses caused by shrinkage.

Comprehensive and user-friendly VMS solutions enable users to be one step ahead by facilitating seamless integration with POS, RFID, video analytics, time and attendance, access control, and other data systems. Through the integration of POS and VMS, the centralized reports allow the company to search, identify, and eliminate theft across the entire organization. The integrated POS data can be further adopted for immediate inventory checks, markdown management, cause of shrinkage, and employee training which saves time and cost in counting, calculating, ordering, and checking cash-register accuracy.

“We offer seamless integration with POS devices. Store owners can track transaction data in real-time with live view or review later in playback mode,” said Shawn Ho, Product Director at NUUO. “Certain event keywords can also be set to alert when suspicious transactions occur. There are also central management functions like alarms, trigger location display, and video wall display options making monitoring multiple sites effortless. For larger chains, our VMS solution offers additional benefits like megapixel recording for clear images and unlimited video wall displays.”

Conditions in today's economy attract more unwanted attention to vaults and ATM transactions. Billions of dollars are lost each year to ATM skimming, cash trapping, cash harvesting, and fraudulent crimes.

Financial institutions are certainly in dire need for more up-to-date security solutions. March Networks has developed and offered specific applications for the banking market for years, and has deep expertise as a result. “Our VMS supports that strategy and provides tools that allow our customers to efficiently investigate, cut losses and save time,” said Ely Maspero, VMS Product Line Manager at March Networks. “The intelligent software helps banks reduce time and investigation, detect fraudulent activity faster, strengthen case evidence, and reduce losses from fraud. In the banking vertical, our solutions include intelligent video software applications that enable banks to search on correlated video, ATM or teller transaction data, license plate numbers, facial images, and colors to conduct investigations quickly and efficiently. It also allows banks to use advanced search and case management software to gather all case evidence and export it easily to a DVD or USB memory stick and searches on all that data across any number of banking branches and other sites from a central location.”

Campus safety continues to be top of the mind following the devastating Sandy Hook shooting. Video surveillance and mass notification are the most commonly funded and deployed systems. However, one of the challenges is the education market does not always have full control over its own funding. Therefore, it is essential for manufacturers and system integrators to address the unique requirements of each school. Offering flexible and robust solutions to adapt to different requirements while making the most out of existing infrastructure is the practical and efficient approach.

Alerting an entire campus in an emergency situation is also a challenge. Being able to receive instant alerts on mobile phones when loitering, intrusion, or other definable events occur is very crucial. “Our VMS solution allows users to set up zone boundaries and track up to hundreds of people and objects. The image fusion technology can stitch up multiple cameras from different angles into one unified single view with angle corrections, making monitoring hallways or courtyards ideal,” Ho said.

Besides the effectiveness of a mass notification system, communication between campus security and law enforcement is crucial as well so that in case a critical incident occurs, first responders are able to deal with it quickly and effectively. “We power numerous schools, school districts, and college campuses in the U.S. and worldwide,” said Gadi Piran, President of OnSSI. “Our VMS add-on enables sharing of video and alerts from the school or school district with local police and public safety agencies, adding a layer of security; in addition, the VMS, at every given price point and version, provides a high value, which is a major consideration in cash-strapped schools and colleges.”

Future Development
As requirements vary greatly from different regions to vertical segments, it is never an easy feat to develop features and apply them to various regions and verticals. Some of our interviewees shared with us how they seek out the opportunities and challenges they face. “As always, time to market is of the essence — we need to keep up with the competition, we need to be aligned with new technologies and provide a quality product in short development cycles,” said Krugliak. “An additional challenge is keeping the product simple. Many times, at the expense of including more features, the product becomes complicated. The installation and setup process that comprises the overall deployment experience must remain simple, and the user experience that is often tied to the user interface, must also remain simple.”

Increase Visibility
Finding strong channel partners or established branch offices is one of the approaches that drives VMS adoption internationally. VMS providers benefit from regional branches interacting with local integrators not only for language benefits, but also for cultural understanding. “We plan on setting up branch offices in different regions in order to foster a deeper connection with our local customers,” Ho said. “As a VMS solution provider, the ability to integrate with different third party solutions and form alliances with other global partners is the key to worldwide visibility. We are also focusing on gaining visibility through training programs. Customers can receive official NUUO training and certification through our own education managers or NUUO Certified Trainers worldwide.”

Dvtel will continue its POS focus to expand its footprint in the retail market. “We will explore going after and develop POS integrations to be able to penetrate the retail market. We also plan to further develop our monitoring application,” said Krugliak. “In addition, we will focus on enhancing our search capabilities in order to ease up the process of ‘finding what the customer is really looking for.' That is providing information and insight rather than simple data.”

Whether through solid channel partnership, vertical-specific approaches, or instant support, a good starting point for VMS vendors to increase their visibility worldwide is the need to offer a true open platform. Customers, as well as partners, prefer ease of use, flexible offerings with upgrade paths, scalability, and timely support for different camera brands and models. An open platform is a sure way to secure long-term partners that are able to sustain growth.

HID Global and Tyco Security Products' Software House joined FICAM solutions for PACS

HID Global and Tyco Security Products' Software House joined FICAM solutions for PACS

Editor / Provider: HID Global | Updated: 10/31/2013 | Article type: Security 50

HID Global and Tyco Security Products, part of Tyco, announced that the companies have joined forces to deliver the industry's first fully FICAM-compliant solutions for end-to-end physical access control systems (PACS). The complete offering comprises each company's federal identity solutions, providing added value through increased security, cost efficiencies and interoperability. The U.S. General Services Administration (GSA) introduced the new FICAM testing requirements earlier this year as part of a realignment of its Approved Products List (APL) with the FICAM roadmap for standardization and a consistent approach to deploying and managing appropriate identity assurance, credentialing, and access control services.

The GSA test program included subjecting the system components to dozens of attacks to ensure that the system is not prone denial of service, credential spoofing, or other types of unauthorized access. The FICAM testing program ensures that products conform with existing APL approval procedures, and integrate other vendors' products to create a complete end-to-end high assurance solution that government agencies can procure. End-to-end systems are tested both as individual components as well as holistically to ensure that agencies meet all of the requirements in FIPS 201 and SP 800-116.

“FICAM testing is by far the most comprehensive testing that we have seen,” stated Bob Fontana, vice president of engineering, Federal Identity Solutions with HID Global. “HID Global is excited to be part of the first FICAM-compliant system approved by the GSA and available to the U.S. Government. The government has raised the bar in standardization and HID Global has met this challenge, offering federal agencies improved security solutions.”

The HID Global and Tyco Security Products PACS solution includes: HID Global's pivCLASS Registration Engine, pivCLASS Certificate Manager, pivCLASS Reader Services, pivCLASS Authentication Module (PAM), pivCLASS IDPublisher, and pivCLASS RK40/RKCL40 readers, as well as Tyco Security Products' Software House CCURE 9000 security and event management system.

The pivCLASS Registration Engine seamlessly integrates with Tyco's Software House CCURE 9000 for PIV and PIV-I card validation, provisioning, and de-provisioning when a certificate is no longer valid. Credentials presented at the door are cryptographically challenged by the pivCLASS PAM. If the card is authentic and valid, the card identifier is passed to the Software House iSTAR controller, which performs the authorization check before admitting the cardholder. A special messaging interface ensures that all invalid transactions are captured and forwarded to the CCURE 9000 PACS event monitor.

“The successful testing of Software House's CCURE 9000 for FICAM end-to-end compliance, together with HID Global's pivCLASS Government Solutions portfolio, assures U.S. Federal agencies that they are procuring FICAM solutions that will meet all of the FIPS 201processing standards,” said Stafford Mahfouz, Manager of Government programs for Software House, Tyco Security Products.

Napco locks protect Notre Dame High, alma mater to many celebrities

Napco locks protect Notre Dame High, alma mater to many celebrities

Editor / Provider: Napco Security Technologies | Updated: 10/31/2013 | Article type: Security 50

NAPCO Security Technologies, one of the world's suppliers of high performance electronic security equipment for over 30 years, shared that the security and access control provided by its Alarm Lock Trilogy Locks has proven so successful that their numbers have increased all over the famed Notre Dame High School in Sherman Oaks, California. Notre Dame's system now includes the next generation networked Trilogy Networx wireless models. Notre Dame is part of the Company's growing list of educational institutional references using advanced Trilogy locks for their convenient ID card or PIN code access-control to doors inside and out. Of increasing importance today, is that they can also offer classroom lock-down from portable keyfobs up to five hundred feet away to protect students, faculty and staff in an emergency or active shooter event. The new global-functioning Networx lock models have the capability to lock-down an entire school or campus from any one lock or from the school server in ten seconds.

Richard Soloway, Chairman and President of NAPCO commented, "These access control products are an ideal answer to the daunting and problematic trend we increasingly see today of school shootings and violence on campus. This sad turn of events has made security a top priority for educational institutions across our nation. Everyone involved in schools, from parents and educators, to facility managers, are seeking actionable steps to take. Notre Dame is another example of how well NAPCO's broad line of state-of-the-art security and lockdown solutions perform on guard, protecting staff and students of all ages, from preschool and daycare, middle and high school, right through colleges & universities. No other company can match our comprehensive and innovative security offerings, for institutions of all sizes and budgets, because security is all we do, and we have decades of experience built into every NAPCO product."

Proudly chosen to secure Notre Dame High School, Alarm Lock Trilogy locks are protecting the school's current student body of 1,200 students and 100+ faculty and administrative personnel, in an institution that has graduated an incredible group since its founding in 1947. They include well-known celebrities in the fields of sports, film and government. Notables among them include actress Kirsten Dunst, actorsJerry Mathers (Leave It to Beaver) and Ed Begley Jr., director Nick Cassavetes, singer Katherine McPhee (American Idol), MLB GM Pat Gillick (3X World Series Champion), MLB players Chris Dickerson (Baltimore Orioles), Jack McDowell (3X All-Star and Cy Young Award winner) and Giancarlo Stanton (Miami Marlins); NFL players Justin Fargas (Oakland Raiders) and Nick Folk (New York Jets), sports broadcaster Mary Strong and Admiral Michael Mullen.

Trilogy locks have been used to secure Notre Dame for about seven years and now cover more than a hundred doors, including server-controllable Trilogy Networx with global lock and unlock functions. "Field-proven Alarm Lock Trilogy locks are both advanced and rugged, making them a favorite in K-12s, colleges and universities. They're the ideal package -- easy deployment, dependability and affordability, because they're literally a top electronic access control system in lock form," added Mr. Soloway. "Notre Dame faculty members can conveniently carry a Prox keyfob to access their building, classrooms and labs, while access given to outside contractors, housekeeping, and other service personnel can be managed with temporary IDs. Plus, the locks can also be set to automatically lock or unlock at a given school schedule daily or weekly, so teachers and facility people have less to worry about. Meanwhile, in a crisis the Networx Locks can lock intruders out of classrooms or let first responders in everywhere at once, in mere seconds, activated from any one lock, keyfob or their computer network."

Munich 'Palais an der Oper' plays safe with Bosch

Munich 'Palais an der Oper' plays safe with Bosch

Editor / Provider: Bosch Security Systems | Updated: 10/30/2013 | Article type: Residential & Consumer

During a major reconstruction, one of the most prestigious real estates in Munich was equipped with safety and security systems from Bosch. The company implemented a comprehensive security solution in the “Palais an der Oper”, formerly known as the “Residenzpost”, which had been one of Munich's main post offices. Bosch will also be responsible for ongoing maintenance of these systems.

The “Palais an der Oper” leaves a strong imprint on historic Max-Joseph square in Munich, being neighbored by the opera house and the former royal castle. In the course of a major redevelopment, the building underwent complete reconstruction, while the heritage-protected facade with its characteristic arcades designed by Leo von Klenze was completely preserved. Stuttgart based LBBW Immobilien GmbH and Accumulata Immobilien Development GmbH, Munich, have then sold the “Palais an der Oper” to a group of private investors – details were not disclosed. Since completion in June 2013, the “Palais an der Oper” is home of exclusive shops and restaurants, upmarket offices and luxurious apartments.

Fire protection in the "Palais" is guaranteed by the Modular Fire Panel 5000 Series from Bosch, while a Dynacord sound and evacuation system eases smooth evacuation of the staircases in case of fire. Further, Bosch installed access control and intrusion detection systems as well as a BOS indoor radio. Day and night cameras operated via the Video Management System BVMS are used to monitor the entire site.

Bosch was also awarded some contracts with individual business renters within the “Palais an der Oper”. Due to the luxury ambience of the shops these required sophisticated planning to ensure safety without sacrificing optics. For such demanding environments, Bosch offers its Smoke Detector 500 Series which can seamlessly integrate into ceilings and also adapt to the ceiling's color.

ASSA ABLOY: Stronger growth in Americas, Asia Pacific and global technologies

ASSA ABLOY: Stronger growth in Americas, Asia Pacific and global technologies

Editor / Provider: ASSA ABLOY | Updated: 10/28/2013 | Article type: Security 50

Assa Alboy's sales totaled $1,919.2 M (SEK 12,131 M), an increase of 5% compared with the third quarter of 2012. Organic growth for comparable units was 3%. Acquired units contributed 3%. Exchange-rate effects had an impact of $–21.0 M (SEK –133 M) on sales, that is –1%.

Operating income before depreciation, EBITDA, amounted to $ 370 M (SEK 2,339 M). The corresponding EBITDA margin was 19.3%. The Group's operating income, EBIT, amounted to $330.6 M (SEK 2,090 M), a rise of 8%. The operating margin was 17.2%.

Net financial items amounted to $–19.6 M (SEK –124 M). The Group's income before tax amounted to $311 M (SEK 1,966 M), an improvement of 11% compared with the previous year. Exchange-rate effects had an impact of $–8.2 M (SEK –52 M) on the Group's income before tax. The profit margin was 16.2%. The underlying effective tax rate on an annual basis is expected to be 25%. Earnings per share amounted to $0.6 (SEK 3.98), an increase of 13 %.< /p> - Sales rose by 5%, with organic growth of 3%, and totaled $1,919.9 M (SEK 12,131 M).
- Strong growth in Americas, Asia Pacific and Global Technologies.
- Stable but low demand in EMEA and Entrance Systems.
- Operating income (EBIT) increased by 8% and amounted to $330.6 M (SEK 2,090 M). The operating margin was 17.2%.
- Net income amounted to $223.2 M (SEK 1,474 M).
- Earnings per share rose by 13% to $0.6 (SEK 3.98).
- Operating cash flow increased by 11% and amounted to $344.1 (SEK 2,175 M).
- Preparation for a new restructuring program has begun, with a planned launch in the fourth quarter.
- Contracts have been signed for the acquisition of Ameristar (USA), Mercor (Poland), Xinmao (China) and Huasheng (China), which have combined annual sales of around $316.4 (SEK 2,000 M).

“I am very pleased to report that Americas, Asia Pacific and Global Technologies all had strong organic growth,” says Johan Molin, President and CEO. “EMEA also grew, by 1% organically, and showed clear signs of having bottomed out, while Entrance Systems had a surprisingly small fall of just 1% despite its exposure to European industry. Total growth for the Group was 6% in local currencies, made up of 3% organic growth and 3% acquired growth. Exchange-rate effects remained negative at -1%, which meant that total growth ended up at 5%.

“The Group's earnings reached a record level, largely due to good growth arising from new products, which accounted for 26% of sales value, with growth in electromechanical products especially strong. In addition, major savings and efficiency measures in production continued to make good contributions to earnings.

“Agreements of acquisition where signed with several interesting companies during the quarter. Especially exciting is the acquisition of Ameristar, which complements our product portfolio in North America very well. Investment in emerging markets also continued with the acquisitions of Mercor in Poland and Huasheng and Xinmao in China. In total these acquisitions will provide an addition of around $316.4 M (SEK 2,000 M) to our sales.

“My judgment is that the world economy is slowly on the way to improving, although still affected by the budget cutbacks that many countries are making. Our strategy therefore remains unchanged, to reduce our dependence on mature markets and to expand strongly in the emerging markets, which are expected to go on growing well. Another continuing priority will be investments in new products, especially in the growth area of electromechanics.”

Sales for the part-year period totaled $5,575.2 M (SEK 35,239 M), representing an increase of 2%. Organic growth was 2%. Acquired units contributed 4%. Exchange-rate effects had an impact of $–161.5 M (SEK –1,021 M) on sales, that is –4%, compared with the first nine months of 2012.

Operating income before depreciation, EBITDA, for the part-year period amounted to $1,024 M (SEK 6,477 M). The corresponding margin was 18.4%. The Group's operating income, EBIT, amounted to $905.2 (SEK 5,722 M), which was an increase of 5%. The corresponding EBIT operating margin was 16.2%.

Earnings per share for the part-year period amounted to $1.7 (SEK 10.76), a rise of 6%. Operating cash flow totaled $674.3 M (SEK 4,262 M).

The preparation of a new restructuring program has begun, with a planned launch in the fourth quarter. A total of some thirty production units and offices are expected to be closed over a three-year period. The restructuring costs are expected to total about $158.2 M (SEK 1,000 M) and the payback time is estimated to be around three years.

Payments related to all existing restructuring programs amounted to $18.6 M (SEK 118 M) in the quarter. The restructuring programs proceeded according to plan and led to a reduction in personnel of 127 people during the quarter and 7,084 people since the projects began. At the end of the quarter provisions of $105 M (SEK 664 M) remained in the balance sheet for carrying out the programs.

Sales for the quarter in EMEA division totaled $500 M (SEK 3,163 M), with organic growth of 1%. The market showed growth in Scandinavia, Finland, Eastern Europe, Germany, Italy and Africa, and stable demand in Britain. Sales growth in France, the Netherlands, Spain and Israel was negative. Acquired growth amounted to 1%. Operating income totaled $86.2 M (SEK 545 M), which represented an operating margin (EBIT) of 17.2%. Return on capital employed amounted to 20.0%. Operating cash flow before interest paid totaled $96.9 M (SEK 613 M).

Sales for the quarter in Americas division totaled $409.7 M (SEK 2,590 M), with organic growth of 7%. The sales trends for traditional lock products, electromechanical products, the private residential market and South America were very strong. Security doors and high-security products showed good growth, while Canada and Mexico showed a weak negative trend. Acquired growth amounted to 0%. Operating income totaled $ 86.8 M (SEK 549 M) and the operating margin was 21.2%. Return on capital employed amounted to 25.7%. Operating cash flow before interest paid totaled $106.4 M (SEK 673 M).

Sales for the quarter in Asia Pacific division totaled $331.4 M (SEK 2,095 M), with organic growth of 6%. Australia, New Zealand and South Korea showed strong growth. China showed good growth, while South-East Asia had a weakly negative trend. Acquired growth amounted to 2%. Operating income totaled $52.3 M (SEK 331 M), representing an operating margin (EBIT) of 15.8%. The quarter's return on capital employed amounted to 20.8%. Operating cash flow before interest paid totaled $30.5 M (SEK 193 M).

Sales for the quarter in Global Technologies division totaled $20.2 M (SEK 1,645 M), with organic growth of 7%. HID had strong growth in access control and logical access together with a strong growth in project orders. Identification technology was stable while Government ID had a negative trend. Hospitality showed strong growth, mainly from the important renovation market. Profitability improved for both Business Units. Acquired growth amounted to 0%. The division's operating income amounted to $51.5 M (SEK 326 M), with an operating margin (EBIT) of 19.8%. Return on capital employed amounted to 21.1%. Operating cash flow before interest paid totaled $49.5 M (SEK 313 M).

Sales for the quarter in Entrance Systems division totaled $458.8 M (SEK 2,900 M), with organic growth of –1%. Demand in Europe remained weak while Americas and Asia showed good growth. Sales in door automation and industrial doors were stable. The trends for high-speed doors and docking systems were negative. The sales trend for Ditec remained negative, affected by the weak economic trend in southern Europe. Acquired growth amounted to 11%. Operating income totaled $64 M (SEK 405 M), giving an operating margin of 14.0%. Return on capital employed amounted to 11.6%. Operating cash flow before interest paid totaled $77 M (SEK 487 M).

During the quarter one minor acquisition was consolidated. The combined acquisition price for the six acquisitions completed in the part-year period amounted to $38.9 M (SEK 246 M), and preliminary acquisition analyses indicate that goodwill and other intangible assets with indefinite useful life amount to $32.5 M (SEK 206 M). The acquisition price is adjusted for acquired net debt and estimated earn outs. Estimated earn-outs amount to 12.4 M (SEK 79 M).

On 6 September it was announced that ASSA ABLOY had signed a contract to acquire Mercor SA's fire-door business. Mercor is a leading Polish manufacturer of security and fire doors in eastern Europe. The company has about 550 employees and its sales in 2013 are expected to total $58.5 M (SEK 370 M).

On 1 October it was announced that ASSA ABLOY had signed a contract to acquire the American company Ameristar, the leading American manufacturer of perimeter security in the form of high-security fences and gates. The company has about 650 employees and its sales in 2013 are expected to total about $174 M (SEK 1,100 M).

On 14 October it was announced that ASSA ABLOY had signed contracts to acquire the Chinese companies Xinmao and Huasheng, regional leaders in fire and security doors in the provinces of Heilongjiang and Shandong respectively. The companies have 360 and 460 employees respectively and their sales in 2014 are expected to total $30 M (SEK 190 M) and $33.2 M (SEK 210 M) respectively.

In August 2013 the joint-venture contract with Pan Pan in China was terminated by ASSA ABLOY's acquisition of the outstanding 30% of shares.

Magnus Kagevik has been appointed Executive Vice President and Head of Asia Pacific Division with effect from 1 January 2014. He succeeds Jonas Persson who is leaving ASSA ABLOY after four years for a position outside the Group. Magnus Kagevik has worked at ASSA ABLOY since 2007 as Vice President Operations in EMEA division and was appointed Market Region Manager for eastern Europe in 2011.

Increasing the efficiency of energy use in the Group's factories and sales companies is a priority area for achieving a reduced environmental impact and lower costs. The improvement work is managed locally in the Group's units, often with support from the Kaizen methodology to identify and prioritize different activities. By such methods Abloy Oy in Finland has reduced its annual energy consumption by 7,000 MWh. This means that in the last three years it has cut its energy consumption per manufactured product by over 10%.

The Group's ambition is to continue to increase the information contained in its external sustainability reporting, for example as regards energy consumption, emission of greenhouse gases and related improvement activities. In its reporting to the CDP (Carbon Disclosure Project) for the 2012 business year, the Group's points score improved to 69 points, against 38 in the previous year.

Other operating income for the Parent company ASSA ABLOY AB totaled $221.6 M (SEK 1,401 M) for the part-year period. Income before tax amounted to $304.7 M (SEK 1,926 M). Investments in tangible and intangible assets totaled $12.8 M (SEK 81 M). Liquidity is good and the equity ratio was 46.3%.

ASSA ABLOY applies International Financial Reporting Standards (IFRS) as endorsed by the European Union. Significant accounting and valuation principles are detailed on pages 90-95 of the 2012 Annual Report.

This Interim Report was prepared in accordance with IAS 34 ‘Interim Financial Reporting' and the Annual Accounts Act. The Interim Report for the Parent company was prepared in accordance with the Annual Accounts Act and RFR 2 ‘Reporting by a Legal Entity'.

In 2013 financial reporting is affected by changes relating to the reporting of defined-benefit pension plans. The changed accounting principles remove the option of using the so-called corridor method: that is, the option of reporting only a proportion of actuarial gains and losses as income or expense. The significant changed valuations are instead reported as they arise in ‘Other comprehensive income'. The changes also mean that the return on plan assets is no longer reported as expected return but is reported as an interest income item in the income statement, based on the value of the discount rate at the start of the financial year. The accounting principles for defined-benefit pension plans are therefore changed from the Group's accounting principles in the 2012 Annual Report and the Interim Reports published earlier in 2012.

The new principles affect reporting retroactively, and the opening balance at 1 January 2012 has been recalculated, as have the comparatives for 2012. On the balance-sheet date of 1 January 2012, pension obligations and net debt increased by $172.7 M (SEK 1,092 M). Equity was reduced by $116.6 M (SEK 737 M) and financial assets increased by $56.1 M (SEK 355 M). Operating income for the quarter and the full year 2012 is unchanged. Financial items for the quarter and the full year 2012 improved by $2.8 M (SEK 18 M) and $8.3 M (SEK 53 M) respectively. The tax expense for the quarter and the full year 2012 increased by $0.94 M (SEK 6 M) and $0.94 M (SEK 6 M) respectively. Net profit for the quarter and the full year 2012 increased by $1.8 M (SEK 12 M) and $7.4 M (SEK 47 M) respectively. Earnings per share after dilution for the quarter and the full year 2012 increased by $0.004 (SEK 0.03) per share and $0.02 (SEK 0.13) per share respectively.

EverFocus promotes Taiwan strengths to Brazilian media

EverFocus promotes Taiwan strengths to Brazilian media

Editor / Provider: EverFocus | Updated: 10/25/2013 | Article type: Security 50

In early October, Taiwan External Trade Development Council, TAITRA invited Brazilian mainstream TV channel “Band” and the chief editor Victor Hugo Piiroja of the largest security control magazine “Revista Digital Security” to visit EverFocus production center in Sengkeng, New Taipei City, Taiwan. In addition to magazine interview, this is the first time this year for EverFocus to have a general TV media in EverFocus production center.

Thanks to TAITRA, EverFocus's continuing efforts to promote Taiwanese products and brand to the global market have drawn the international media's attention once again. The interview gave EverFocus a great opportunity to show their products and their high quality production environment which they are very proud of to Brazil media.

The interview of the “Revista Digital Security” magazine is also a beneficial exchange of market information between Taiwan and Brazil. EverFocus once again confirmed that there is a strong demand of security monitoring products in Latin American countries. The growth rate of surveillance products' demand in Brazil is more than other Latin American regions at an annual growth rate of 10%. Two biggest upcoming sporting events 2014 World Cup and 2016 Olympic Games in Brazil will increase the demand certainly.

From 2011 to 2014, the Brazilian government will provide public safety services and security equipment investment of approximately $ 20 billion. Among them, video surveillance systems, radio communication equipment, access control systems, biometric devices , metal detectors , police protection equipment , fluorescent vests , fire extinguishing equipment will be the major focuses. Therefore, the exchange of the latest marketing information is very favorable.

EverFocus is fortunate enough to make it on to the Brazilian television; the report is expected to be broadcasted in November in the prime time of evening news period with an average viewer of 10 million people.

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