IRVING, Tex., â€“ Network Multifamily Security Corporation, a wholly owned subsidiary of Protection One, Inc. (OTC Bulletin Board: PONN), and GE Security (NYSE: GE) have announced an agreement under which GE will provide its Allegro Collector wireless security systems and property management software to Network on an exclusive basis in the residential security industry. The nationâ€™s No.1 provider of multifamily specific alarm systems and services, Network is offering the product as the Multifamily 360SM.
â€œGEâ€™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 todayâ€™s multifamily property owners, â€œ said Mandy Vallowe, Vice President of Sales for Network. â€œWith 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, itâ€™s easy to install and is ideal for monitoring individual apartment units, including unoccupied units.â€
Richard Ginsburg, President and CEO of Protection One, added, â€œWe 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 Oneâ€™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.â€
â€œGE Securityâ€™s strength is the ability to create new technologies, incorporate them into security solutions, and find the best possible ways to bring them to market,â€ said Greg Burge, President, GE Security, Networked Solutions. â€œWeâ€™re committed to partners who are also dedicated to growth and industry leadership. We look forward to forming with Network Multifamily Security Corporation and Protection One a strategic partnership that creates a formal long-term relationship with increased breadth and width.â€
The wireless Multifamily 360 is backed by Networkâ€™s award-winning service. Since 1992, Network has served the countryâ€™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 Networkâ€™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 www.networkmultifamily.com.