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SafeGuard Gains Insurer's Go-Ahead To Enter Nuclear Facility Security Market

Safeguard Security Holdings : 11 June, 2010  (Company News)
SYSTEMSgroup takes a further step towards providing security services to the nuclear power industry after gaining approvals through its insurance provider
SYSTEMSgroup Protective Service has received approval from its insurance carrier to proceed with its nuclear security program.

Michael Lagow, CEO for Safeguard, stated, "SYSTEMSgroup's nuclear division provides services to nuclear power generation companies, large chemical and petrochemical companies that face government regulations requiring Chemical Facility Anti-Terrorism Standards (CFATS). In order to receive coverage from any insurance provider in this venue, a company must have an excellent claims record. Without a doubt, our training curriculum distributed through our in-house training academy has helped us maintain an excellent claims record with our insurance carrier for several years past." Lagow added, "Some of our team members were involved early on with the TVA (Tennessee Valley Authority) nuclear facilities, and that experience carries through our organization today. Our team's historical expertise, combined with our current power utility experience, helps to mould our security team for today's nuclear security program. And with the latest addition to our team, Twenty-first Century Armor Solutions, we are able to take the protection we provide to a whole new level with blast and ballistic protection by providing ballistic glass, safe buildings, ballistic barriers, body armour and fully armoured vehicles."

Shelly Anderson, Vice President of Operations, stated, "The projected revenues generated from this division can double the size of the company in the near term." Anderson also stated, "The investment to enter the nuclear market is significant, but the return on investment is considerable as well and we are excited to be able to provide this level of security to our end-users."

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