INTERNATIONAL ELECTRONICS INC

INTERNATIONAL ELECTRONICS INC

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Company Overview
International Electronics, Inc. (IEI) is a privately held company engaged in designing, manufacturing, marketing and selling of electronic access control equipment and browser-managed security platforms used in residential and commercial security systems, and wireless control and fleet management systems for industrial mobile asset applications. The company has its registered office in Massachusetts, United States.
International Electronics, Inc. provides a wide range of control systems for buildings, which include electronic door locks and digital keypads that are sold under the Door-Gard and Secured Series names. The company also provides software managed access control systems, browser managed security platforms, stand alone access control, access control locksets, intrusion detection, discontinued products, and fleet access systems powerkey, as well as Tri-Gard glass-break detector. Its products are sold mainly to security systems installers and distributors.
Business Summary
International Electronics, Inc. (IEI) designs, manufactures, markets and sells electronic access control equipment and browser-managed security platforms used in residential and commercial security systems, and wireless access control and fleet management systems for industrial mobile asset applications. The Company’s products include Door-Gard and Secured Series access control lines, its LS line of integrated battery operated door locks, its eMerge browser-managed access and security management products, and its line of PowerKey industrial access control and fleet management products. IEI also manufactures and markets electronic glassbreak detectors sold under the trade name Tri-Gard and Viper. The Company’s products are marketed and principally sold in the United States to distribution and electronic security installation companies, and directly to material handling equipment users worldwide.
Description and history
International Electronics, Inc. (IEI) designs, manufactures, markets and sells electronic access control equipment and browser-managed security platforms used in residential and commercial security systems, and wireless access control and fleet management systems for industrial mobile asset applications. The Company’s products include Door-Gard and Secured Series access control lines, its LS line of integrated battery operated door locks, its eMerge browser-managed access and security management products, and its line of PowerKey industrial access control and fleet management products. IEI also manufactures and markets electronic glassbreak detectors sold under the trade name Tri-Gard and Viper. The Company’s products are marketed and principally sold in the United States to distribution and electronic security installation companies, and directly to material handling equipment users worldwide.

The principal market for IEI is the United States, where it sells its products through a network of security equipment distributors and installation companies. IEI also sells and markets its products in Canada, Mexico, Central America, South America, Europe, Asia, the Middle East and Australia. During the fiscal year ended August 31, 2006, domestic sales accounted for 91% and foreign sales accounted for 9% of the Company’s sales.

A glassbreak detector is the component in an alarm system that is activated by an intrusion or entry into protected premises. When activated, it sends a signal to a central control panel, the portion of the system that triggers the alarm. IEI’s glassbreak products serve only the detection function, but are compatible with systems made and sold by most major manufacturers of central control panels, and can be incorporated into both hard wired and certain wireless systems. These products are used in a system in conjunction with other forms of detectors, such as those that detect the opening of a door or window. The Company markets an audio glassbreak detector under the trade name Tri-Gard and a vibration glassbreak detector under the trade name Viper.

The Company manufactures and markets a line of access control and digital keypad products sold under the trade names Door-Gard and Secured Series. These products are sold in a variety of configurations, including indoor and outdoor models, with magnetic card readers, proximity readers and keypads. They are also sold with several different hardware and software configurations. IEI also sells private-label products containing its access control and keypad-based technology to original equipment manufacturer (OEM) customers.

The access control version of the Door-Gard software includes features that apply specifically to electronic door access control. These features include request to exit input, door ajar and door position monitoring. IEI also sells a version of its Door-Gard under the trade name prox.pad. The prox.pad incorporates the use of both keypad and proximity technology. The prox.pad has been jointly developed by IEI and HID Corporation, a subsidiary of Assa Abloy of Sweden.

IEI markets and sells its Secured Series access control product line. This line of products includes magnetic card readers and proximity readers, as well as digital keypads. Systems features in the Secured Series product line include 2,000 users, transaction buffer for event recording, hard copy printing of events, holiday schedules and time zone limitations (which allow users access depending upon time of day or day of week), as well as the ability to tie up to 64 doors together.

In September 2005, IEI introduced its eMerge 50 and eMerge 440 Browser Managed Security Platforms. The eMerge 50 provides the features of a network architecture to a basic access control security function. The eMerge 440 handles a range of security functions to include access control, real-time monitoring, elevator control, video monitoring and photo identification in an integrated package. The eMerge 50 and 440, along with the full featured eMerge 5000, are integrated security management systems with a Web browser interface, Linux operating system and Web server all embedded within the product.

The Company markets a line of industrial access control and asset management systems sold under the trade name PowerKey. These products control access to mobile assets, such as forklifts. In March 2005, IEI introduced the RF Gateway-Direct Connect as a product option in the IEI PowerKey fleet product system. This product provides complete communication and data collection for industrial vehicles.

IEI competes with Assa Abloy, Bosch, General Electric, Honeywell International, Ingersoll Rand, Kaba, Tyco, Corby, Crow Electronics, Keri Systems, Napco, Visonic, United Security Products, Keyscan, Everfocus, ID Systems, Access Control Group, LLC and Media Recover, Inc.

Business Line
Engaged in designing, manufacturing, marketing and selling of electronic access control equipment and browser-managed security platforms used in residential and commercial security systems, and wireless control and fleet management systems for industrial mobile asset applications
Subsidiary

Advisor
WOLF & CO.
IPO date
7/5/1983
US SIC Code
3669
Company Address
427, Turnpike Street

City province or state postal code
02021, CANTON, MA
Phone: +1 781 821 5566
Fax: +1 781 821 4443
Country address: UNITED STATES OF AMERICA
Website url: www.ieib.com