Approaching the end of yet another year makes us all reflect on the accomplishments and challenges of the past 12 months and look ahead with optimism at the year to come. Our outlook for 2012 at Tyco Security Products, particularly for our intrusion portfolio, is especially exciting as we begin the process of integrating new technologies, new employees and new vision into our already dynamic organization.
Last week we announced the completion of our acquisition ofVisonic, a global developer of wireless intrusion and personal emergency response systems. Based in Tel Aviv, this nearly 40-year-old company has proven itself as a fellow innovator in the wireless space. Along with that innovative spirit, Visonic brings to Tyco Security Products strong sales channels in Europe and a state of the art manufacturing center in Israel.
The addition of Visonic to our intrusion business will add not only complementary geographic coverage in sales and distribution but additional technology platforms for several Tyco Security Products brands to leverage. The company’s newly introduced PowerG long-range wireless technology will further our goal of making inroads into the emerging commercial intrusion market.
And there’s so much more this acquisition adds to our portfolio. Visonic’s personal emergency response systems bring those capabilities to our lineup for the first time, along with additionalexpertise in RFID tracking through Visonic’s flagship Elpas technology. We envision that in combination with our existing access control brands, this active RFID technology will enable us to offer new strategic benefits to customers in markets such as healthcare and corrections, providing us the ability to add not only people tracking but asset tracking for loss prevention and business management purposes as well.
Along with the great technology platforms, Visonic will add about 500 new employees and state of the art manufacturing and R&D facilities in Tel Aviv and Kiryat Gat, Israel to our fold. These facilities will be used in tandem with our own R&D and manufacturing locations in Bridgeland and Toronto, Canada.
Above all, we were most pleased to find this caliber of a company that shares not only complementary technologies and presence but some of the corporate values we hold dear — customer focus, quality, creativity and integrity. That alone will make our work of coming together as one organization much more seamless and more immediately beneficial to our customers, employees, and shareholders.
We hope you will join us in welcoming the Visonic family to Tyco Security Products and we look forward to the new possibilities that our expanded team can create for you.