NEUHAUSEN, Switzerland,
April 15, 2014 /PRNewswire/
-- Tyco (NYSE: TYC) today announced that it has joined the
Industrial Internet Consortium (IIC), the nonprofit organization
launched last month to catalyze and coordinate the priorities and
enabling technologies of the Industrial Internet.
"We are excited to be an early member of this visionary group,"
said George Oliver, Tyco's Chief
Executive Officer. "As the leader in the fire protection and
security industry, and with technologies and insights that apply
well beyond that space, we look forward to contributing to the
development of the architectural framework that will help shape and
grow the Industrial Internet and drive more comprehensive,
integrated solutions for customers."
"We are thrilled to have Tyco join the Industrial Internet
Consortium," said Dr. Richard Soley,
Executive Director of the IIC. "With their expertise in security –
and given the importance of security to the development of the
Industrial Internet – Tyco's active participation will be hugely
beneficial in the development of use cases and security
frameworks."
For more information about the Industrial internet Consortium,
visit www.iiconsortium.org.
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 65,000 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", "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 margin 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, statements regarding Tyco's credit profile, capital
allocation priorities, capital market related activities, and
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; market fluctuations that impact
Tyco's capital market and portfolio activities, unanticipated
expenses such as environmental, 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