Entries Tagged 'Uncategorized' ↓

Lawsuit Cites Fraud, Conspiracy and Breach of Contract as Basis for Litigation

OREM, UT-(Marketwire - Aug 23, 2011) - Pinnacle Security, a leader in the residential security industry, today announced it has filed a lawsuit against former regional manager, Graham Wood; former senior regional office coordinator, Kim Wyatt; industry insider, Jack Inbar; and their new company, Canada-based Titan Alarm. The basis of Pinnacle’s lawsuit is that Wood, Inbar and Wyatt conspired together to build a new company unlawfully using Pinnacle resources and in violation of contractual and fiduciary duties.

“Pinnacle believes in robust, legitimate competition,” said Kelly Walker, CEO, Pinnacle Security. “However, Pinnacle will vigorously protect its interests against those who seek to unfairly and unlawfully harm Pinnacle’s business. We believe Wood and others have intentionally deceived and defrauded Pinnacle, and we will take all necessary steps to protect our company against such malicious action. We look forward to telling our story and presenting our evidence in court.”

The complaint alleges that while under contract with and receiving compensation from Pinnacle for the 2011 sales season, Wood, along with Inbar and Wyatt, was conspiring to begin a new, competitive venture, Titan Alarm. Additionally, these individuals conspired to recruit Pinnacle sales representatives, in effect, using Pinnacle facilities and resources to foot the start-up cost of their new company while attempting to paralyze Pinnacle.

In addition to salary and benefits paid to Wood through his contract, Pinnacle had also expended significant money and resources into Wood’s sales region, while during the same period, Wood and others worked to build Titan Alarm. Based on these and other unlawful and inappropriate actions by the defendants, Pinnacle has asserted numerous claims including fraud, breaches of fiduciary duty, conspiracy, breach of contract, interference with economic relations, and conversion.
A court date has not been assigned at this time.

Pinnacle to Deploy New Systems in 2010

OREM, UTAH – January 12, 2010 – Pinnacle Security, a leader in the North American residential security market, today announced it will offer an innovative new touch screen developed by GE Security, Inc. with input from Pinnacle. The new product’s sleek design and expanded functionality represent a significant step forward in providing consumers with the latest technology at a reasonable price level.

More compact and easier to use than traditional security keypads, the touch screen includes exciting features offering significant value to consumers. Of these features, consumers can set up automation schedules through a web portal, arm and disarm the security system, and adjust the thermostat from the touch screen. Thus, with no extra effort, consumers may realize a reduction in utility bills by securing their homes.

“It was apparent that previous security keypads needed a twenty-first century face lift both cosmetically and, more importantly, in functionality,” said Kelly Walker, President, Pinnacle Security. “We are excited to be the first to market GE Security’s touch screen and offer a product that will no doubt provide additional value to our customers.”

Pinnacle has been a long-time partner of GE Security and is excited to see GE’s continued commitment and support in delivering products that consumers want. Pinnacle supplied GE engineers with detailed product requirements, a process known within GE as “Voice of Customer”, to assist in the manufacture of the new touch screens.

“Pinnacle’s requirements included a concept that could sync with mobile devices and asked us to engineer and manufacture state-of-the-art control,” said David Nark, Product Marketing Manager, GE Security. “We are excited about the new touch panel and are pleased to work with a security company as focused on innovation as Pinnacle. When we saw their product requirements and merged them with our own, we were confident that the result would be the next big thing in our industry, bridging both home security and automation together seamlessly.”

“Pinnacle is very excited to work with partners like GE Security and Alarm.com who are committed to providing increased customer value in the products they deliver,” said Christopher B. Munday, Chairman and CEO, Pinnacle Security. “In 2010, we look forward to the continued execution of our mission to help individuals protect the things that matter most.”

The panel also incorporates features supplied by Alarm.com, a security industry leader in interactive and wireless services, providing consumers anywhere/anytime access to their security system through the Internet and mobile devices. Some of the highlights of the new product include:

• Intuitive interface and icons: customers can easily navigate the security and home automation features
• Message marquee: provides Pinnacle with an effective way to communicate key product and service messages to its customers
• One-click customer service access: allows customers to find quick solutions to questions and issues
• Weather report: provides quick access to weather forecasts as customers prepare to leave for the day
• Thermostat control: gives customers the option to automatically change thermostat settings as they arm/disarm their security system in order to reduce utility costs and positively impact the environment
• Remote monitoring: text message or email notifications from a home regarding power outages, floods, fires, unlocked doors, windows or intruder entries

About Pinnacle Security

Pinnacle Security is an industry leader in providing quality residential and commercial security solutions to help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah and has sales offices throughout North America. For more information, please visit www.pinnaclesecurity.com.

About GE Security

GE Security, Inc., a business of GE Enterprise Solutions (NYSE: GE), is a leading supplier of security and life safety technologies, with operations in more than 26 countries. GE Security offers one of the industry’s broadest product portfolios, including access control, explosives and narcotics detection, fire detection, intrusion, key management and video surveillance. GE Security’s products are used to protect people and property across a wide range of industries, including aviation, banking and finance, education, government and military, healthcare, law enforcement, residential, retail, stadiums and event venues, and transportation. For more information about GE Security, please visit www.gesecurity.com.

About Alarm.com

Alarm.com provides wireless and web-enabled security and activity monitoring technology to residential and commercial customers throughout the United States and Canada. Alarm.com’s Operations Center processes millions of security events every day which are reported by Alarm.com systems used to monitor and protect houses, businesses, vacation properties, apartments, professional offices, restaurants, retail chains, model homes, data centers, and more. Alarm.com technology is compatible with security equipment made by GE Security and is offered exclusively through a network of over 1000 licensed and authorized Security Dealers nationwide

Media Contact:
Jennifer Webb
Coltrin & Associates (for Pinnacle Security)
[email protected]
212.221.1616

Expects to Continue Customer Growth, Increase Employment Opportunities in 2010

OREM, Utah-(BUSINESS WIRE)-Pinnacle Security, a leader in the residential security market, announces a year of record growth, increasing residential installations by more than 60 percent. In a time when many companies are cutting costs and employees, Pinnacle Security is flourishing, hiring more staff, creating new partnerships and continuing to serve the community.

“Building on the incredible growth we’ve seen in 2009,” said Christopher B. Munday, Chairman and CEO, Pinnacle Security, “we expect to continue expanding through strategic partnerships with high-profile brands to drive innovation within the industry, provide greater access to the most-advanced technology in home security and raise the industry standard for compliance.”

Growth in 2010 will be built on strategic partnerships and processes that were initiated in 2009, including a partnership with Alarm.com, which enables Pinnacle Security customers to arm/disarm their systems from their phone, receive text messages when a problem is detected as well as other advantages. Further, new compliance and training initiatives will provide additional structure and alleviate process issues.

“This has been a strong year,” said Munday. “We have been able to create new jobs, help the local economy and provide benefits for our employees that are rare in these economic times.”

In addition to record growth, Pinnacle has created new programs and initiatives for its employees and the local community including college tuition funding programs and wellness programs as well as athletic sponsorships for local colleges and universities.

“Our employees and our community are important to us,” said Steve Hafen, COO, Pinnacle Security. “As we continue growing our customer base, we will provide additional employment opportunities and continue to participate in community sponsorships.”

As a full service security company, Pinnacle now provides alarm services to nearly 150,000 homes throughout North America and employs more than 2500 employees and sales representatives nationwide.

About Pinnacle Security

Pinnacle Security is an industry leader in providing quality residential and commercial security solutions that help individuals realize the peace-of-mind that comes from protecting the things that matter most. Pinnacle is headquartered in Orem, Utah and has sales offices throughout North America. Founded in 2001, Pinnacle is a long-standing partner of GE Security, a wholly owned subsidiary of the General Electric Company (NYSE: GE). For more information, please visit www.pinnaclesecurity.com.