HS3 Technologies, Inc. (OTCBB: HSTH), a national provider of security solutions, has signed a Partnership Agreement with Wright-Hennepin Cooperative Electric Association, DBA W-H International Response Center (WHIRC), of Rockford, Minnesota. WHIRC will distribute HS3's security products and services, which include remote video monitoring, digital video recorders (DVR), CCTV cameras, and biometric access control systems to WHIRC's national network of 230 dealers and over 42,000 burglar and fire alarm customers.
"We are excited with the opportunity to join forces with WHIRC. This partnership will help us in meeting our objective to generate recurring revenue through ongoing monitoring contracts in addition to the sale of hard line products and services," said Mark Lana, President of HS3 Technologies, Inc. "With qualified partners like WHIRC we can expand our business model at a faster rate allowing us to meet and exceed our sales goals."
Wright-Hennepin is a member-owned energy and service cooperative providing electricity, and through its subsidiary, W-H International Response Center (WHIRC), they are also a national provider of burglar and fire alarm installation and service and alarm monitoring services. "The partnering of our companies' products and services will bring new opportunities to security dealers and open new business opportunities, including remote video monitoring for their commercial and residential customers," said Wendy Makousky, Business Manager for WHIRC.
WHIRC has the ability to advance the combined security products into a well established network of 230 experienced dealers who have been serving and providing security products to customers throughout the United States and Canada. WHIRC alarm monitoring combined with HS3's products and services will take security and monitoring to the next level for customers.
HS3 offers two categories of responsive video monitoring services from a remote centralized command center. Through monitoring alarm triggers or snapshot images and video clips of activity on the premise, HS3 can respond seconds after an incident has occurred. In addition, HS3 can also provide virtual real-time guard monitoring, increasing efficiencies and reducing costs through the reduction of onsite guards. HS3's networking technology makes it possible to provide remote monitoring services that can react 'real-time' with an onsite incident where trained monitoring agents can act accordingly to the information received.
About HS3 Technologies, Inc.
HS3 Technologies, Inc. ("HS3") is a national provider of innovative security solutions, headquartered in Denver, Colorado. HS3 provides technologies and services through a national authorized dealer and distribution program. Utilizing independent sales professionals, national distribution and local dealers, HS3 offers custom security solutions for commercial, residential, government and military applications. These state-of-the-art products include digital video recording technology (DVR), biometric access control (door locks), personal biometric identification units, CCTV, video monitoring centers, cellular networks, wireless mesh networks units and wireless Internet-linked satellite surveillance systems. HS3 Technologies is bringing together technologies, services and people to fulfill the increasing global security needs of today and tomorrow.
Wright-Hennepin has been serving the public with electricity since 1937 and started a security division in 1989. In 2000, Wright-Hennepin began offering local and long distance phone and high-speed Internet services in portions of the cooperative's electric territory through an LLC called WH Comm.
Wright-Hennepin now has more than 42,500 electric retail accounts, provides security monitoring services to more than 42,000 customers in 34 states and three Canadian provinces and continues to grow its service area for its telecommunications and high-speed Internet division.
Wright-Hennepin also offers Off-Peak programs that can help members save money on heating, cooling and water heating costs and a product and service offering that includes electric radiant floor heating as well as many services through WH Response.
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release that are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, that WHIRC will ultimately distribute HS3's security products, or that they have the ability to advance our security products into a well established network of 230 experienced dealers.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, HS3's ability to manufacture its products to function as designed and the ability of the products to gain market acceptance; and the difficulties faced by an early stage technology company in the competitive security industry. These forward-looking statements are made as of the date of this news release, and the Company assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although the Company believes that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in the Company's recent current reports on Form 8-K, our annual report on Form 10-KSB, our quarterly reports on Form 10-QSB and other periodic and current reports filed from time-to-time with the Securities and Exchange Commission.
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