LOVELAND, Colo. (AFX) - A4S Security Inc., a maker of digital video surveillance products, said Wednesday it will change its name to Security With Advanced Technology Inc.
The company's board signed off on the switch, but shareholders have not yet approved it.
A4S said the new name links the company more directly to its stock symbol, SWAT, and to its ShiftWatch surveillance system.
'The new name also conveys our intention to diversify our business beyond our core law enforcement and transit markets and explore additional markets within the Homeland Security market space, both domestically and internationally,' said Chief Executive Tom Marinelli.
If shareholders approve the new name, the company will get a new trading CUSIP number -- a unique identifier for stocks -- and exchange stock certificates to reflect the change.
A4S Security shares fell 50 cents, or 12.5 percent, to $3.50 in afternoon trading on the Nasdaq.
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