8th Nov 2005 07:00
Smiths Group PLC08 November 2005 News ReleaseLondon, 8 November 2005For immediate release Smiths Group's acquisition extends Detection technology range Smiths Group today announced that it has extended the range of technologies inits Detection division by acquiring LiveWave Inc., a privately owned U.S.company based in Rhode Island, Connecticut, LiveWave has developed softwaresystems which network large numbers of sensors and video cameras with connectorsto remote viewing and recording stations. The addition of LiveWave'stechnologies further enhances Smiths Detection's strategy of providing a widerange of detection sensors and integrating them with control systems that can bemanaged as a total security solution. The total cost of the acquisition is $17.6million, which has been satisfied in cash. Keith Butler-Wheelhouse, chief executive of Smiths Group, said: "The acquisitionwill enable Smiths Detection to offer a complete package of sensors, rangingfrom X-ray to chemical detectors and CCTV in a single system, linked to acentral command and control capability." LiveWave also specialises in digitally enabling CCTV systems for facilitynetworks, increasingly a core technology for security applications. SmithsDetection is now positioned to address sectors such as perimeter security andmass transit with integrated networks that include chemical detectors and videosystems. Building on complementary product ranges, the acquisition is expectedto generate considerable new sales growth for Smiths in these markets. LiveWave has a broad customer base, including the U.S. Department of HomelandSecurity, the Federal Protection Service, and Department of Transportation. Forthe Washington D.C. Mass Transit Authority it is the incumbent digital securityvendor for 'PROTECT', a system combining video and chemical agent sensors thatprovides early warning systems, facility management and incident protocols onthe D.C. Metro Subway System. - Ends -Contacts Media Chris Fox +44 (0)20 8457 8403 Investor Relations Russell Plumley +44 (0)20 8457 8203 Smiths Group designs and manufactures safety-critical systems and products, andhas market leading positions in aerospace, detection systems, medical devices,mechanical seals and interconnect products. For further information visitwww.smiths-group.com Smiths Detection is one of four operating divisions of Smiths Group plc. SmithsDetection offers technologically advanced security solutions to detect andidentify explosives, chemical & biological agents, weapons and contraband.Employing trace detection technology together with Smiths Heimann X-ray imaging,Smiths Detection provides screening solutions for customers in civil andmilitary markets worldwide. For more information visit: www.smithsdetection.com This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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