Panasonic announced Monday that it would be changing the name of its security division from Panasonic Security Systems to Panasonic System Solutions Company.
According to a statement issued by the company, the name change is intended to reflect Panasonicâ€™s broader range of solutions.
"In todayâ€™s business environment, integrated solutions reach across multiple departments and disciplines. Panasonic is in a unique position to deliver fully integrated solutions across professional and consumer product lines which provides us with an opportunity to work even more closely with customers and reseller partners. Our new corporate identity as Panasonic System Solutions clearly communicates this new direction," said the companyâ€™s president, J.M. Allain, in a prepared statement.