IRVING, Texas, June 13 /PRNewswire-FirstCall/ -- Network Multifamily Security Corporation, a wholly owned subsidiary of Protection One, Inc. (BULLETIN BOARD: PONN) , and GE Security, a wholly owned subsidiary of the General Electric Company have announced an agreement under which GE will provide its Allegro Collector(TM) wireless security systems and property management software to Network on an exclusive basis in the residential security industry. The nation's No. 1 provider of multifamily-specific alarm systems and services, Network is offering the product as the Multifamily 360(TM).
"GE's wireless solution is a revolutionary approach to monitored alarm systems, addressing the communications trends of the future and allowing us to meet the growing security needs and challenges of today's multifamily property owners," said Mandy Vallowe, Vice President of Sales for Network. "With the Multifamily 360, owners and developers whose residents use only cell phones and other newer communication technologies no longer face obstacles to more complete security. Additionally, although it is a comprehensive and powerful alarm system, it's easy to install and is ideal for monitoring individual apartment units, including unoccupied units."
Richard Ginsburg, President and CEO of Protection One, added, "We are very pleased to have worked with GE on this product and, through this exclusive agreement, to make it available to our Network clients and prospects across the country. This agreement supports the efforts by Protection One's family of companies to continue expanding the products and services we offer. At the same time, we are maintaining our dedication to the highest quality service to our many specific security markets and end users, including multifamily, residential, commercial and wholesale."
"GE Security's strength is the ability to create new technologies, incorporate them into security solutions, and determine the best methods to bring them to market," said GE Security President of Networked Solutions Greg Burge. "We're committed to partners who are also dedicated to growth and industry leadership. We look forward to forming a strategic partnership with Network Multifamily Security Corporation that creates long-term value for our partners."
The wireless Multifamily 360 is backed by Network's award-winning service. Since 1992, Network has served the country's multifamily industry with state-of-the-art security systems and services, which include a UL-listed central control station that monitors every alarm with callback verification. Clients report Network's alarm programs can increase occupancy, help attain faster lease-up, generate higher rents, reduce turnover and provide a competitive edge for their multifamily properties. The company currently serves more than 315,000 apartment homes nationwide. For more information about Network Multifamily, visit its Web site at http://www.networkmultifamily.com/ .
About GE's Security Business: GE's Security business is a wholly owned subsidiary of the General Electric Company focused on communication and information technologies for security, safety and lifestyle enhancements. Security has operations in more than 30 countries and is represented by some of the best-known brand names for intrusion and fire detection, access and building control, video surveillance, explosive and drug detection, key management and structured wiring. GE Security was recently named Frost & Sullivan's 2006 Company of the Year for Homeland Security. For more information about GE Security and our product offerings, please visit http://www.gesecurity.com/ .
