NEUHAUSEN, Switzerland,
Sept. 23, 2014 /PRNewswire/
-- Tyco (NYSE: TYC) today announced that it is building on its
Internet of Things capabilities, combining proven technology and
innovations with the expertise of its Installation and Services
groups and the more than one billion fire, security and retail
sensors and devices the company has installed around the world.
These capabilities will enable Tyco to offer new intelligent
services for customers ranging from Fortune 500 companies to small
businesses and households.
Tyco's IoT platform transforms the data from these traditional
facilities-oriented systems into highly valuable business
intelligence focused on solving real-world problems in various
environments. The platform will allow Tyco's customers to collect
data from their installed sensors and devices and perform advanced
analytics, unleashing the value of the information and creating
numerous smart service possibilities for customers. The company is
moving to expand the platform so that it incorporates more sensors,
devices and applications from external sources, making it possible
to deliver an even wider array of intelligent solutions for
customers in multiple vertical markets.
For several years, Tyco has delivered IoT solutions in its
business that focuses on the retail market. Deployed in more than
4,000 retail locations, including some of the world's largest store
chains, Tyco's solutions deliver visibility and predictive
capabilities addressing inventories, store traffic, and customer
behavior. Its new TrueVUE 5.2 offering can gather data from
RFID, video, EAS and traffic sensors, and transform it into
actionable insights that empower retailers to maximize revenue,
optimize inventory management, and deliver a memorable shopper
experience across all of their operations. Tyco is developing
similar applications in other market verticals it serves.
"We are setting a high bar for our IoT solutions, developing
smarter ways to help customers improve their operations and their
homes, by creating multi-use solutions that integrate the best
components and technologies available – from inside or outside
Tyco," said Tyco Chief Executive Officer George Oliver. "We see a future where
these systems, through experiential learning, can provide
proactive, personalized, context-based actions for our
customers."
Tyco executives will be on hand next week at the ASIS
International Seminar and Exhibits at the Georgia World Congress
Center in Atlanta, Georgia, USA,
to discuss how Tyco can address a wide range of customer
requirements and extract more value from their facilities-based
systems.
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 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 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 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.
27, 2013 and in subsequent filings with the Securities and
Exchange Commission.
SOURCE Tyco