GE Tapped as 'Homeland Security Company of the Year'

Seemingly proving that bigger sometimes is better, GE has been picked as the Frost & Sullivan 2006 Homeland Security Company of the Year.

The award, from the analysis firm whose work primarily identifies market growth areas, follows major undertaking from GE in 2005 that showcased new technology for explosives detection, container shipment security and airport checkpoint security. The company, which serves an entire security dealer network of alarm, access control and CCTV installing companies, has made strides in recent years to expand beyond dealer sales into the government and homeland security market.

Recently, in San Francisco, the company has partnered with the San Francisco International Airport to develop what the company is calling its "checkpoint of the future." Within the last week, the company made news again when its subsidiary CommerceGuard received investments from Siemens and Mitsubishi that will allow those companies to market the CommerceGuard container shipment security devices in both the European and the Asian marketplaces.

In an announcement of the award, GE Security President and CEO Louis Parker said the award was the result of an "urgent need" in the world for better security technology, and stemmed from the industry giant's ability to leverage its security expertise.

Frost & Sullivan, based in Palo Alto, Calif., credited the "acquisition[s], innovation[s], and partnerships" that GE has formed as being behind the company's selection as 2006 Homeland Security Company of the Year.