Tyco Expands Internet of Things Capabilities Enabling Predictive Insights and Smart Services

NEUHAUSEN, Switzerland, Sept. 23, 2014 /PRNewswire/ -- Tyco (NYSE: TYC) today announced that it is building on its Internet of Things capabilities, combining proven technology and innovations with the expertise of its Installation and Services groups and the more than one billion fire, security and retail sensors and devices the company has installed around the world. These capabilities will enable Tyco to offer new intelligent services for customers ranging from Fortune 500 companies to small businesses and households.

Tyco's IoT platform transforms the data from these traditional facilities-oriented systems into highly valuable business intelligence focused on solving real-world problems in various environments. The platform will allow Tyco's customers to collect data from their installed sensors and devices and perform advanced analytics, unleashing the value of the information and creating numerous smart service possibilities for customers. The company is moving to expand the platform so that it incorporates more sensors, devices and applications from external sources, making it possible to deliver an even wider array of intelligent solutions for customers in multiple vertical markets. 

For several years, Tyco has delivered IoT solutions in its business that focuses on the retail market. Deployed in more than 4,000 retail locations, including some of the world's largest store chains, Tyco's solutions deliver visibility and predictive capabilities addressing inventories, store traffic, and customer behavior. Its new TrueVUE 5.2 offering can gather data from RFID, video, EAS and traffic sensors, and transform it into actionable insights that empower retailers to maximize revenue, optimize inventory management, and deliver a memorable shopper experience across all of their operations. Tyco is developing similar applications in other market verticals it serves.

"We are setting a high bar for our IoT solutions, developing smarter ways to help customers improve their operations and their homes, by creating multi-use solutions that integrate the best components and technologies available – from inside or outside Tyco," said Tyco Chief Executive Officer George Oliver.  "We see a future where these systems, through experiential learning, can provide proactive, personalized, context-based actions for our customers." 

Tyco executives will be on hand next week at the ASIS International Seminar and Exhibits at the Georgia World Congress Center in Atlanta, Georgia, USA, to discuss how Tyco can address a wide range of customer requirements and extract more value from their facilities-based systems.

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 1,000 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.

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 detailed information about these and other factors is set forth in Tyco's Annual Report on Form 10-K for the fiscal year ended Sept. 27, 2013 and in subsequent filings with the Securities and Exchange Commission.

SOURCE Tyco

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