UTC Fire & Security Marks First Anniversary of GE Security Acquisition

^{Published on 2011-04-07 09:40:30 - Market Wire}
 

UTC Fire & Security Marks First Anniversary of GE Security Acquisition -- FARMINGTON, Conn., April 7, 2011 /PRNewswire/ --

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FARMINGTON, Conn., April 7, 2011 /PRNewswire/ -- UTC Fire & Security is marking the first anniversary of its acquisition of GE Security with a strong presence at the ISC West exhibition, highlighting its commitment to innovation and expanded portfolio of fire and security solutions for customers.  UTC Fire & Security is a business unit of United Technologies Corp. (NYSE: UTX).

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"UTC is deeply committed to the fire and security industry as a core commercial business. Since 2003 and with the addition of GE Security, UTC has invested nearly $9 billion in building a strong position in the fire and security industry – a global industry with attractive fundamentals and significant long-term growth prospects," said Kelly Romano, Senior Vice President Sales & Marketing at UTC Fire & Security. "With a mix of well known brands, including Edwards and Interlogix bringing with them best-in-class products, the GE Security acquisition has enabled UTC Fire & Security to offer customers a superior value proposition."

UTC Fire & Security has expanded its engineering and product development activities, further establishing the company as an industry leader with strong brands, products and operations across the globe.

In 2010 UTC Fire & Security invested more than $150 million in RD&E and brought 50 new products to market, including: Edwards Vigilant fire detection panels with a broad range of features and the EST3-60 mass notification system that provides a panoramic view of threat detection and crisis management; Lenel ILS, the industry's first electromechanical lock, built specifically for integration with the OnGuard access control system; and the interactive services home security and lifestyle management solution that allows remote monitoring of a home's security system, lighting, heating, air conditioning and more.

UTC Fire & Security also recently broke ground on a new U.S. Fire Innovation & Test Center that will integrate testing, engineering and customer demonstration capabilities into one state-of-the-art facility, enabling delivery of leading technologies and cost-effective solutions to customers around the world.

"In the past year alone, we've seen a step change in our product velocity, and this will continue through 2011, where we expect to grow our RD&E spend by 15%. We continue to focus on innovation and technology, and are very optimistic about the future," said Romano.

About UTC Fire & Security

UTC Fire & Security provides fire safety and security solutions to more than 1 million customers worldwide. Headquartered in Connecticut, U.S., UTC Fire & Security is a business unit of United Technologies Corp. (NYSE: [ UTX ]), which provides high technology products and services to the building and aerospace industries worldwide. More information can be found at [ www.utcfireandsecurity.com ].

SOURCE UTC Fire & Security

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