Ingersoll-Rand
plc (NYSE: IR) today revealed the company logo for Allegion.
The $2 billion security products and services company will begin using
the logo upon separation from Ingersoll Rand, which is expected to occur
before year-end. The logo, inspired by the intricate systems of
protection in which Allegion’s products and solutions work, captures the
spirit of the company and its future in the global safety and security
industry.
The logo unveil is one of two major milestones for Allegion announced
today. Earlier, Ingersoll Rand announced David (Dave) D. Petratis will
serve as chairman, president and CEO of Allegion.
“People depend on our products and solutions to work seamlessly at
critical moments, and function effortlessly in daily use. We designed
Allegion’s logo to reflect the vital nature of what we do, and to
emphasize the things that make us unique in the marketplace,” said
Michael W. Lamach, chairman and CEO of Ingersoll Rand. “What will set
Allegion apart is a history of intelligent, industry-defining products;
the partnerships with customers to solve their toughest security
challenges; and an ongoing effort to define and raise the standards for
safety and security everywhere.”
The logo features a lowercase “a,” and is created through a deliberate
arrangement of panels and openings often seen in architecture
blueprints. The logo’s vibrant orange color suggests Allegion’s
boundless energy. The logo’s design also supports Allegion’s future
vision to expand the breadth and depth of its electronic security
offerings.
“The future of Allegion – and the entire security industry – lies in
addressing the needs of an increasingly connected world,” said Lamach.
“We’ve made significant strides in integrating electronic offerings into
the core of our business, but we’ve only scratched the surface of what
we can and will do. Allegion is in a powerful position to combine
physical and electronic security offerings, providing comprehensive
solutions to meet customer needs.”
Allegion is an Irish plc, with its North American corporate office in
Carmel, Ind., employing about 7,600 people in 35 countries including 20
production and distribution facilities around the world.
Allegion will compete in the $30 billion global security products and
solutions industry by investing in attractive developing markets and
emerging technology; leveraging its expertise to deliver differentiated
products and services in key market segments; building upon its
operational excellence program; and pursuing acquisitions selectively to
accelerate expansion into attractive markets and products.
The portfolio includes strategic brands CISA®, Interflex®,
LCN®, Schlage® and Von Duprin®; and
other brands including aptiQ®, Briton™, Bricard®,
BOCOM Systems™, Dalco™, Dexter®, Falcon®,
Fusion Hardware Group™, Glynn-Johnson®, ITO Kilit™,
Ives®, Kryptonite®, Legge®, Martin
Roberts™, Normbau™, Randi™, Steelcraft®
and XceedID®.
Allegion expects to list its shares on the New York Stock Exchange and
use the ticker symbol ALLE.
Forward-Looking Statements
This news release includes “forward-looking statements,” which are
statements that are not historical facts, including, but not limited to,
statements that relate to our intent to create two independent companies
as a result of the proposed spinoff, the potential and opportunities for
the independent companies following the spinoff, Allegion’s strategies
following the spinoff; the expected benefits of the proposed spinoff,
the tax-free nature of the proposed spinoff, the expected credit
profiles of the independent companies, the timing of the transaction and
our capital structure and allocation. The forward-looking statements in
this news 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: our
ability to timely obtain, if ever, necessary regulatory approvals or to
satisfy any of the other conditions to the proposed spinoff; adverse
effects on the market price of our ordinary shares and on our operating
results because of our inability to timely complete, if ever, the
proposed spinoff; our ability to fully realize the expected benefits of
the proposed spinoff; negative effects of announcement or consummation
of the proposed spinoff on the market price of the company’s ordinary
shares; significant transaction costs and/or unknown liabilities;
general economic and business conditions that affect the companies in
connection with the proposed spinoff; unanticipated expenses such as
litigation or legal settlement expenses; failure to obtain tax rulings
or tax law changes; changes in capital market conditions; the impact of
the proposed spinoff on the company’s employees, customers and
suppliers; future opportunities that the company’s board may determine
present greater potential to increase shareholder value; and the ability
of the companies to operate independently following the spinoff. Actual
results could differ materially. For further information regarding risks
and uncertainties associated with our businesses, please refer to our
Form 10-K for the year ended December 31, 2012, Form 10-Q for the
quarter ended March 31, 2013, and in our other SEC filings, as well as
the “Risk Factors” section of Allegion’s Registration Statement on Form
10. Ingersoll Rand assumes no obligation to update these forward-looking
statements.
About Ingersoll Rand
Ingersoll Rand (NYSE:IR) advances the quality of life by creating and
sustaining safe, comfortable and efficient environments. Our people and
our family of brands—including Club
Car®, Ingersoll
Rand®, Schlage®,
Thermo
King® and Trane®
—work together to enhance the quality and comfort of air in homes and
buildings; transport and protect food and perishables; secure homes and
commercial properties; and increase industrial productivity and
efficiency. We are a $14 billion global business committed to a world of
sustainable progress and enduring results. For more information, visit ingersollrand.com.
Copyright Business Wire 2013