SOURCE: Tyco

Tyco

April 14, 2014 09:00 ET

Tyco Unveils Expanded Security Global Center of Excellence

New Center Streamlines and Standardizes Global Integrated Security Systems, Enables Broader Building Systems Solutions

NEUHAUSEN, SWITZERLAND--(Marketwired - Apr 14, 2014) - Tyco today announced the expansion of its Global Center of Excellence (GCoE) in Birmingham, Alabama, that enables multinational companies to streamline and standardize their security systems around the world. The GCoE develops standards, technical specifications and detailed work plans that enable consistent security installations globally, while also providing customers with remote system audit services to verify functionality and compliance to corporate standards.

With the increasing number of global clients supported by the GCoE, the expansion of the center will allow Tyco to better serve clients with a single point of contact for their global security needs. Fortune 500 customers are seeking to streamline and standardize their global integrated security systems by consolidating the number of local system integrators they work with worldwide. Managing multiple integrators across hundreds of locations can lead to operational redundancies, quality degradation, compliance issues, and increased costs.

The center will also play a key role in the company's effort to create comprehensive solutions for customers that encompass a range of building systems.

"Integrating systems and technologies to solve customers' problems is at the heart of our future, and this center brings us a step closer to that vision," said George Oliver, Tyco's Chief Executive Officer. "We are driving toward bringing not only security systems, but also fire and other building systems together on a common platform to provide customers with unprecedented insight and control over their operations."

"The Global Center of Excellence offers a lot of value to our customers by providing a single point of contact for all global security needs, saving time and resources while allowing access to multiple competencies in a centralized location," said Renae Leary, Vice President of Global Accounts at Tyco. "As companies are driving out costs and consolidating real estate and operating expenses, many are now realizing the huge benefits that come with standardizing on IP-based security solutions and partnering with a global integrator. This alignment delivers consistent execution of technology in terms of quality, timeliness and most importantly a higher standard of security to protect their people and assets."

The new 24,000 square foot facility currently houses 90 employees, including certified design engineers, computer-aided design operators, program managers, system engineers and other specialists, who design and document global security standards for enterprise-level intrusion security, access control, video management, fire systems and integration. The GCoE's diverse team has multiple competencies, including fluency in 14 languages, and is well-versed in the business and cultural nuances required to successfully conduct business in the 38 countries the center supports, so customer standards and technical specifications can be maintained and updated as needed.

The new facility is located at 1800 International Park Drive in Birmingham, Alabama.

About Tyco
Tyco is the world's largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A company with $10+ billion in revenue, Tyco has approximately 65,000 employees in more than 1,000 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. For more information, visit the new www.tyco.com.

Forward-Looking Statements
This press release contains a number of forward-looking statements. In many cases forward-looking statements are identified by words, and variations of words, such as "anticipate," "estimate," "believe," "continue," "could," "intend," "may," "plan," "potential," "predict," "positioned," "should," "will," "expect," "objective," "projection," "forecast," "goal," "guidance," "outlook," "effort," "target" and other similar words. However, the absence of these words does not mean that the statements are not forward-looking. Examples of forward-looking statements include, but are not limited to, revenue, operating income and other financial projections, statements regarding the health and growth prospects of the industries and end markets in which Tyco operates, the leadership, resources, potential, priorities, and opportunities for Tyco in the future, statements regarding Tyco's credit profile, capital allocation priorities and other capital market related activities, and statements regarding Tyco's acquisition, divestiture, restructuring and other productivity initiatives. The forward-looking statements in this press release are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are outside of our control, and could cause results to materially differ from expectations. Such risks and uncertainties include, but are not limited to: economic, business, competitive, technological or regulatory factors that adversely impact Tyco or the markets and industries in which it competes; unanticipated expenses such as environmental, litigation or legal settlement expenses; tax law changes; and industry specific events or conditions that may adversely impact revenue or other financial projections. Actual results could differ materially from anticipated results. Tyco is under no obligation (and expressly disclaims any obligation) to update its forward-looking statements. More detailed information about these and other factors is set forth in Tyco's Annual Report on Form 10-K for the fiscal year ended Sept. 28, 2012 and in subsequent filings with the Securities and Exchange Commission.