NEUHAUSEN, Switzerland, April 15, 2014 /PRNewswire/ -- Tyco (NYSE: TYC) today announced that it has joined the Industrial Internet Consortium (IIC), the nonprofit organization launched last month to catalyze and coordinate the priorities and enabling technologies of the Industrial Internet.
"We are excited to be an early member of this visionary group," said George Oliver, Tyco's Chief Executive Officer. "As the leader in the fire protection and security industry, and with technologies and insights that apply well beyond that space, we look forward to contributing to the development of the architectural framework that will help shape and grow the Industrial Internet and drive more comprehensive, integrated solutions for customers."
"We are thrilled to have Tyco join the Industrial Internet Consortium," said Dr. Richard Soley, Executive Director of the IIC. "With their expertise in security – and given the importance of security to the development of the Industrial Internet – Tyco's active participation will be hugely beneficial in the development of use cases and security frameworks."
For more information about the Industrial internet Consortium, visit www.iiconsortium.org.
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 65,000 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", "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 margin 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, statements regarding Tyco's credit profile, capital allocation priorities, capital market related activities, and 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; market fluctuations that impact Tyco's capital market and portfolio activities, unanticipated expenses such as environmental, 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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