SWAT Creates Two Divisions in Response to Market Demand
01 Marzo 2007 - 2:01PM
PR Newswire (US)
SWAT Integrates Newly Acquired Companies and Aligns Business Units
With Security and Personal Protection Market Segments WESTMINSTER,
Colo., March 1 /PRNewswire-FirstCall/ -- Security With Advanced
Technology, Inc. (Nasdaq: SWAT; SWATW), a leading provider of
security products and services, today announced that it has
established two strategic business divisions to integrate newly
acquired companies and more closely align its products, services
and talent with the markets it serves. SWAT formed two divisions,
the Technology Division and Division X, to manage its four business
units. The Technology Division houses ShiftWatch(R) and Vizer,
which provide facility and transportation security systems with
features such as access control and digital video surveillance. The
Technology Division caters to commercial and municipal clients.
Division X is made up of Avurt and Veritas Tactical, which offer
cutting-edge personal protection products and training programs.
Division X markets to consumer, law enforcement and military
segments. "By creating the two divisions, we're making the company
more responsive in the markets we serve, which will allow us to
bring technologies and products to market more quickly," said Scott
Sutton, president of SWAT. "This structure also allows our talented
staff to be dedicated to their specific areas of expertise."
Overseeing both divisions is Sutton, who was selected by the board
to serve as the president of SWAT. Dedicated directors were
appointed to head up each division. Ben Cook was appointed as the
director and chief instructor of Division X and will lead the
unit's training innovations, product development and instructor
team. Corey Holland was appointed as the director of the Technology
Division and will be responsible for all operational and product
development activities within the Technology Division. Greg Milan,
vice president of sales, coordinates the sales efforts for all four
business units. SWAT's new strategic alignment comes after
completing its acquisition of Vizer and Avurt in January of 2007,
which broadened the company's reach into the security market,
increased its product portfolio and established incremental revenue
opportunities. The acquisition marks a milestone in SWAT's
continuing mission to build a full portfolio of safety and security
solutions for individuals, law enforcement, military, facilities
and transportation. SWAT's Avurt division is planning to launch a
new line of non-lethal personal protection products in mid 2007,
entering the $15-billion-a-year non-lethal personal protection
market. According to Sutton, it made strategic sense to establish
Avurt within Division X because Avurt's non-lethal personal
protection devices are SWAT's first offering for the consumer
marketplace. Division X is fortified with consumer-centric
marketing, branding and sales resources to ensure the most
successful consumer product launch possible. Following the company
re-alignment, the Veritas Tactical business is ramping up to
introduce a product line of training aids and tools that compliment
its tactical training methodologies. The global private security
products and systems market is expected to grow to $90 billion by
2010 according to an August 2006 report from Freedonia Group, Inc.
SWAT's Technology Division is planning to address this growing
demand. Vizer is rapidly rolling out its proprietary e-Link
security monitoring solution that provides commercial clients
remote, online control over facility access, alarms and video
systems. ShiftWatch's TVS 300 digital surveillance product,
unveiled in late 2006, is being retooled to improve hardware
performance and reliability. This improvement will address the
transportation industry's demand for high-quality digital
surveillance video with streaming capabilities and GPS
synchronization. SWAT: About the Business Units Division X: Avurt
distributes and produces non-lethal personal protection devices and
compliance products currently in use by federal and state agencies.
The new devices, when completed, will be laser aimed and fire a
projectile up to 40 feet away that breaks on impact dispersing a
cloud of potent pepper-based powder causing a severe debilitating
reaction in the target area, effective on most humans and animals.
Division X: Veritas Tactical creates innovative training systems
and tools to increase the quality of training worldwide for law
enforcement, militaries, both private and government, and civilians
while decreasing their potential liability and saving lives. The
company's credo is "Progressive solutions for impossible
situations." Veritas Tactical's product development team is
bringing new training tools to market in 2007 to change the face of
training. For more information, visit
http://www.veritastactical.com/. Technology Division: Vizer
specializes in product design, system design, engineering,
installation, and integration of facility security systems
including access control, video surveillance, intrusion detection,
and wireless mesh network systems. With a focus on network-centric
technology and hosted services, Vizer developed a unique
proprietary "e-Link" solution which is built around a web-hosted
software platform and a unique network-based device providing
business customers complete control over access, alarms, and video
systems remotely through a secure and easy-to-use website. This
product is sold primarily on the basis of a monthly service fee
thereby creating recurring revenue. Technology Division: ShiftWatch
is a product line of mobile digital video surveillance solutions
for public transportation and general security applications.
ShiftWatch's full-motion, high-resolution video system utilizes
patent-pending video streaming technology and GPS synchronization
capabilities to provide agencies with data security and
reliability. ShiftWatch's open, standards based architecture,
facilitates interoperability, easing management of the information
and communication complexities and leveraging customers' investment
in the future. The current TVS 300 product containing significant
software and feature enhancements was released in the fourth
quarter of 2006. About Security With Advanced Technology, Inc.
Security With Advanced Technology, Inc. is a leading provider of
mission-critical, high-tech security products and services, which
include non-lethal personal protection devices, surveillance and
intrusion detection systems and mobile digital video surveillance
solutions. SWAT's products and services are designed for government
agencies, military and law enforcement, in addition to
transportation, commercial facilities and non-lethal personal
protection segments. For additional information visit
http://www.swat-systems.com/ or call the corporate headquarters at
(800) 498-7965. Information on SWAT's website does not comprise a
part of this press release. Forward-Looking Statement This press
release includes "forward-looking statements" as defined by the
Securities and Exchange Commission (the "SEC"). All statements,
other than statements of historical fact, included in the press
release that address activities, events or developments that the
company believes or anticipates will or may occur in the future are
forward-looking statements. These statements are based on certain
assumptions made based on experience, expected future developments
and other factors the company believes are appropriate under the
circumstances. Such statements are subject to a number of
assumptions, risks and uncertainties, many of which are beyond the
control of the company and may not materialize. Investors are
cautioned that any such statements are not guarantees of future
performance. Actual results or developments may differ materially
from those projected in the forward-looking statements as a result
of many factors, including the company's ability to integrate the
recent acquisitions, implement the Avurt, Veritas Tactical, Vizer,
and ShiftWatch business plans, increase sales of its products, and
enhance, execute and protect its technological capabilities, the
efficacy of the company's products and technologies, whether the
company will be able to release its new products as planned in
2007, and whether the company will resolve its supply chain issue
for its ShiftWatch product, among others. Furthermore, the company
does not intend (and is not obligated) to update publicly any
forward-looking statements, except as required by law. The contents
of this release should be considered in conjunction with the
warnings and cautionary statements contained in the company's
recent filings with the SEC. SWAT contacts: Media: Heather Black
Investors: Greg Pusey 303-952-3434 303-722-4008 DATASOURCE:
Security With Advanced Technology, Inc. Web site:
http://www.veritastactical.com/ Web site:
http://www.swat-systems.com/
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