Centers of excellence designed to improve enterprise efficiency and standardize fire and security systems around the world
CORK, Ireland, Sept. 29, 2015 – Tyco (NYSE: TYC) today announced the expansion of its Global Center of Excellence Network, which enables multinational companies to streamline and standardize their fire and security systems around the world. Following the success of its Global Center of Excellence (GCoE) in Birmingham, Alabama, Tyco is opening and expanding facilities in key areas across the globe designed to emulate this model. The first center of the expansion opened in Denver this year, with Santiago Chile scheduled to open in late November of this year. The company already has a center in Birmingham, UK, and will align this center with the global network. The company plans to open additional facilities over the next two years in Asia and India.
The Tyco CoEs develop standards, technical specifications and detailed work plans that enable high quality fire and security installations globally, while also providing customers with remote system audit services to verify functionality and compliance with regional and corporate standards. Since its opening in 2010, the company’s flagship Birmingham center has grown by almost 300 percent, helping more than 50 Fortune 500 companies streamline and standardize their global integrated fire and security systems. Based on the success and momentum this center generated, Tyco opened its Denver Center of Excellence to support increasing customer demand from their national, regional, and global customers. The new 20,000 square-foot Center of Excellence currently houses 40 employees and is located in Denver, CO.=
Serving global customers with a single point of contact, the Global Center of Excellence Network helps minimize risks, preserve profits, automate efficiencies and gain real-time intelligence from a scalable platform offering integrated solutions.
“Our goal is to do more than evolve with industry and technology change; we want to serve as a key player in driving innovation and delivering unique value to our strategic customers,” said George Oliver, Tyco’s Chief Executive Officer. “Customers who leverage our Global Center of Excellence Network benefit from local talent backed by Tyco’s more than 140 years of experience and breadth of technology expertise, freeing them to focus on moving forward with new, differentiated solutions.”
Each Tyco CoE employs a wide range of talented individuals including certified design engineers, computer-aided design operators, program managers, system engineers and other specialists who design and manage the deployment of global fire and security standards for enterprise-level intrusion security, access control, video management, fire systems and integration. The network’s Global Business Management system allows the CoEs around the world to work together seamlessly, sharing talents and workloads across locations to ensure a better overall customer experience. In the last 12 months, the GCoE network has completed nearly 8,000 projects for Tyco’s top global, regional, and national customers in more than 85 countries around the world.
Tyco (NYSE: TYC) is the world's largest pure-play fire protection and security company. Tyco provides more than three million customers around the globe with the latest fire protection and security products and services. A company with $10+ billion in annual revenue, Tyco has over 57,000 employees in more than 900 locations across 50 countries serving various end markets, including commercial, institutional, governmental, retail, industrial, energy, residential and small business. For more information, visit www.tyco.com.
This press release contains a number of forward-looking statements. In many cases forward-looking statements are identified by words, and variations of words, such as "anticipate", "estimate", "believe", "commit", "confident", "continue", "could", "intend", "may", "plan", "potential", "predict", "positioned", "should", "will", "expect", "objective", "projection", "forecast", "goal", "guidance", "outlook", "effort", "target", and other similar words. However, the absence of these words does not mean the statements are not forward-looking. Examples of forward-looking statements include, but are not limited to, revenue, operating income, earnings per share and other financial projections, statements regarding the health and growth prospects of the industries and end markets in which Tyco operates, the leadership, resources, potential, priorities, and opportunities for Tyco in the future, Tyco's credit profile, capital allocation priorities and other capital market related activities, and statements regarding Tyco's acquisition, divestiture, restructuring and other productivity initiatives. The forward-looking statements in this press release are based on current expectations and assumptions that are subject to risks and uncertainties, many of which are outside of our control, and could cause results to materially differ from expectations. Such risks and uncertainties include, but are not limited to: economic, business, competitive, technological or regulatory factors that adversely impact Tyco or the markets and industries in which it competes; unanticipated expenses such as litigation or legal settlement expenses; tax law changes; and industry specific events or conditions that may adversely impact revenue or other financial projections. Actual results could differ materially from anticipated results. Tyco is under no obligation (and expressly disclaims any obligation) to update its forward-looking statements. More information on potential factors that could affect the Company's financial results is included from time to time in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's public reports filed with the U.S. Securities and Exchange Commission (SEC), including the Company's Form 10-K for the fiscal year ended September 26, 2014.