Tyco Becomes Premier Partner in City Digital Consortium

CORK, Ireland, Oct. 19, 2015 /PRNewswire/ -- Tyco (NYSE: TYC) today announced that it has joined the City Digital consortium at UI LABS. The consortium brings together university, industry and civic communities to focus on urban infrastructure solutions, using Chicago as a testbed for technology and demonstration in areas such as transportation, physical infrastructure, water and sanitation, and energy management.  Tyco joins as a premier partner in the consortium, along with founding members Microsoft, Accenture, ComEd, and Siemens.

"We are thrilled to join City Digital at UI LABS and play a key role in the next wave of innovations that will enable the development of smart cities around the world," said Chris Brown, Vice President of Strategy at Tyco.  "We look forward to contributing to that innovation with the technology and systems integration expertise we have developed in complex environments such as traffic and transportation systems, international airports, campuses and stadiums, among many others.  Joining City Digital puts us on the ground floor of potential future pilots involving smart buildings and data service."

Steve Fifita, the Executive Director of City Digital, says Tyco will play a critical role in the consortium. "We are looking for partners who understand how to leverage the unique partnership model UI LABS has created, and that bring to bear a vast array of experience, technology and know-how in the 'smart city' space. We are confident that Tyco's leadership in safety and security systems is just one of the many innovative ways they will contribute to the consortium."

City Digital and its premier partners including Tyco recently took part in The White House Smart Cities Forum in Washington, D.C., where the Administration committed funding for smart cities research and highlighted City Digital as a representative consortium of leading public and private sector partners focused on major urban infrastructure challenges.

ABOUT TYCO
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.

ABOUT UI LABS
UI LABS solves large-scale industrial challenges by forming consortia of academic, corporate and civic partners who innovate and commercialize new technology solutions. UI LABS is developing a portfolio of applied research and commercialization programs that lead to a return on investment for its partners and improve local, regional and national competitiveness. For more information on UI LABS, please visit UILABS.org.

ABOUT CITY DIGITAL
City Digital, UI LABS' second lab program, will develop and test urban infrastructure solutions in Chicago that will lead to real improvements in cities across the world. Its four areas of focus include transportation, physical infrastructure, water and sanitation, and energy management. For more information on City Digital, please visit http://www.citydigital.uilabs.org/.

FORWARD-LOOKING STATEMENTS
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.

SOURCE Tyco

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