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News

Power Utility Services Take Steps In Reducing Copper Theft

Safeguard Security Holdings : 06 April, 2010  (Application Story)
Copper losses in remote facilities owned by power utility companies are being reduced by security technology, background checks and staffing solutions provided by Safeguard Security Holdings in Texas
Safeguard Security Holdings announces that its subsidiary, SYSTEMSgroup Protective Services, is implementing new security technology services with its largest utility client.

Michael Lagow, CEO for Safeguard, stated, "We are working closely with our client to mitigate certain types of theft. Due to the rising cost in copper, certain facilities are at significant security risks. Our team has designed a security technology solution to help reduce the threat and diminish its effects on-going power utility operations. We are pleased to announce implementation of this program as it will significantly shrink losses in their remote facilities located throughout Texas."

Shelly Anderson, Vice President, Operations, added, "We are continuing to expand our services in all areas including investigations, background checks, security staffing and security technology. Last quarter, we invoiced approximately $400K in additional security services outside of our base contract. Our services continue to expand with our client's needs on an on-going basis."
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