CORK, Ireland, Nov. 21, 2014 /PRNewswire/ -- Tyco International
plc (NYSE: TYC) today announced that it has taken important steps
to bolster its technology capabilities, appointing Daryll T. Fogal as Chief Technology Officer,
launching its new "Tyco On" software solutions platform, and making
a strategic investment in Qolsys, a provider of innovative home
automation solutions.
Daryll T. Fogal Named Chief Technology Officer
As Tyco's Chief Technology Officer, Mr. Fogal will have global
responsibility for the company's technology vision, strategy,
capabilities and operations to support the development of products,
services and solutions that meet the needs of customers ranging
from multinational corporations to households. Most recently, he
served as Chief Technology Officer and Vice President of
Engineering for Eaton Corporation's Electrical Sector. Based in
Princeton, N.J., Mr. Fogal will
report directly to George Oliver,
Tyco's Chief Executive Officer, and will serve on Tyco's Management
Team.
"Technology is the key to advancing our leadership position in
the industry, so we are pleased to have a technology leader of
Daryll's caliber join us in this critical role," said Mr. Oliver.
"Daryll's extensive experience leading large-scale engineering and
R&D organizations, his previous responsibility for developing
an Internet of Things strategy and execution model, and his strong
general management and operations mindset will enable him to
provide the strategic leadership necessary to achieve our growth
and innovation vision."
Prior to joining Tyco, Mr. Fogal was responsible for the
development of the product portfolio for Eaton's $13.6
billion Electrical business. Previously, he held senior
technology, R&D program management and operations positions
over a 15-year career with Honeywell, including Vice President of
Engineering and Technology for the company's Building Solutions
business from 2003 to 2011. Mr. Fogal holds B.A. Sc. and M.A. Sc.
degrees in Chemical Engineering from Queen's University in
Kingston, Ontario, Canada.
Tyco Reveals 'Tyco On' Smart Services Platform, the Core of
its Internet of Things Strategy
The company also introduced Tyco On, its integrated data and
smart services platform. Tyco On provides a set of software-enabled
Internet of Things capabilities that enhance safety and security
systems using open standards to connect a wide range of
intelligent devices, systems and services, enabling customers to
improve their operations.
Solutions enabled by Tyco On will address varying needs of
multinational, small business and residential customers, ranging
from efficiency to complex system integrations and intelligent
operations. For example, Tyco On enables improved efficiency
through a service application already in use in the company's
Installation and Services business that allows a single technician
to perform fire alarm testing. Using a mobile app, the technician
can test detectors throughout a building and connect remotely to
the system's fire panel, where a second technician would have been
stationed in the past, to complete the procedure. In the future,
this application will also offer immediate cloud-enabled access and
storage of testing documentation, providing an overall more
cost-effective solution that would appeal to a broad base of
customers with standard needs.
Tyco On will also enable more complex, "smart" solutions that
leverage data from varied devices and systems and apply advanced
analytics to reveal insights that lead to better decisions, faster
execution and transformational business outcomes for customers.
Tyco has been delivering such solutions and outcomes for several
years in its Retail Solutions business that serves some of the
world's largest store chains. In over 4,000 retail locations, Tyco
is helping retailers tie together data from RFID tags, video,
electronic article surveillance and traffic sensors, transforming
it into actionable intelligence through Tyco's TrueVUE software.
With these insights, retailers are empowered to optimize their
inventory management, deliver a more pleasant shopper experience,
and maximize revenue across their operation.
"As the core of our Internet of Things strategy, Tyco On builds
on our deep expertise in systems integration and services and our
installed base of more than a billion sensors, tags, devices and
systems around the world, and unlocks the value of this data with
the power of analytics to deliver a range of smart services for
multiple vertical markets, from healthcare and hospitality to
petro-chemical operations to education and more," Mr. Oliver
said.
In the next phases of development of Tyco On-enabled solutions,
customers will see additional benefits, such as proactive alerts
with contextual information, coordinated multi-system responses and
an interactive and personalized experience for system owners, users
and customers. As a result, Tyco's safety and security customers
will find ways to gain additional competitive advantage while
continuing to protect people and assets.
As these advanced solutions integrate additional systems and
data into the Tyco On architecture, including third-party software,
products, and services, protection of the data is a paramount
consideration. Recognizing the importance of these mission-critical
systems, Tyco has established security policies and protocols that
protect the data. The Tyco On architecture also supports both
cloud-based and on-premises deployment so that customers can
control exactly what systems can access the physical sensor data,
enhancing system reliability, responsiveness and integrity.
Tyco Makes Strategic Investment in Qolsys
The company also advanced its Internet of Things strategy with a
strategic investment in Qolsys (www.qolsys.com), a San Jose, Calif.-based innovator that has
extended the boundaries of "all-in-one" home automation with its IQ
panel. The Android-based panel delivers the industry's
most advanced, connected home control platform supporting
life safety, residential security, home control, energy management
and other functions, supported by best-in-class technology
providers, including Google, Foxconn Technology Group and
Alarm.com.
The IQ panel has a seven-inch touchscreen with a built-in panel
camera, six built-in wireless radios with no external antennas,
Z-Wave for home control devices, two-way voice, siren, an SD Card
slot, 24-hour lithium-ion battery, and interactive services powered
by Alarm.com. The groundbreaking panel's Dual-Path Connectivity
enables communication over cellular and broadband WiFi channels
enabling interactive services, adding redundancy to support
reliability across all connected home services while making the
solution more flexible.
"The partnership with Qolsys is exciting news for Tyco and
further demonstrates our commitment to enabling new intelligent
services via the Internet of Things," said Mike Ryan, President, Tyco Security Products.
"This investment deepens our intrusion security portfolio offering
so that we can continue to deliver the most innovative and
intuitive solutions to our customers in the residential, commercial
and service provider segments."
ABOUT TYCO
Tyco (NYSE: TYC) 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 annual revenue, Tyco has over 57,000 employees in more
than 900 locations across 50 countries serving various end markets,
including commercial, institutional, governmental, retail,
industrial, energy, residential and small business. For more
information, visit 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", "commit", "confident", "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
the statements are not forward-looking. Examples of forward-looking
statements include, but are not limited to, revenue, operating
income, earnings per share 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, 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
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 information on potential factors
that could affect the Company's financial results is included from
time to time in the "Risk Factors" and "Management's Discussion and
Analysis of Financial Condition and Results of Operations" sections
of the Company's public reports filed with the SEC, including the
Company's Form 10-K for the fiscal year ended September 26,
2014, filed with the SEC.
SOURCE Tyco