Logo Reflects Spirit and Future Vision of Standalone Company
Swords, Ireland, July 9, 2013 – 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 www.ingersollrand.com.
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Media
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Analysts:
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