www.ushalonbank.com   1.800.433.1751                                   August 2018 - Vol 3, Issue 17
UTC Chief Says All Breakup Options on Table; Says Decision by End of Year; Stock Jumps
UTC Profits up by 43% in Second Quarter
Federal Judge Sides with Tyco over Anti-Trust Charge
Chemours Sales, Profits up for Q2 2018
Natural Gas Facility Explodes - Two Badly Burned
Fire Suppression System Limits Damage at Woodworking Plant
Trawler Without Fire Suppression System Burns and Sinks
Gas Station Fire Suppression System Prevents Tragedy - Search is on for Arsonist
Are Airlines Ignoring the Lithium Ion Battery Problem?
Anti-Ionization Smoke Alarm Campaign Loses Skirmish (Australia)
Demonstration Shows the Advantage to Having a Fire Suppression System
Most Popular Stories from July 2018
Mergers and Acquisitions
Studies and Reports
UTC Chief Says All Breakup Options on Table; Says Decision by End of Year; Stock Jumps
A woman descends in an elevator in Beijing, China, in this 2015 photo. The CEO of parent company United Technologies Corp. says "all options" are being considered to divest non-aerospace businesses such as Otis elevator, a marquee business of UTC. (AP Photo/Alexander F. Yuan, File)

By Stephen Singer, Contact Reporter
Hartford Courant

A willingness by United Technologies Corp. to review "all options" as it considers breaking apart its sprawling business portfolio should cheer investors, two analysts said Wednesday.

Greg Hayes, chief executive officer, told investor analysts Tuesday that UTC will "look for ways to maximize value long-term, whether that's together as the entire UTC portfolio or apart."

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UTC Profits up by 43% in Second Quarter

By Howard French
Journal Inquirer

FARMINGTON -- United Technologies Corp.'s profits surged 43 percent in the second quarter of the year, giving the company an 18 percent increase for the first half of 2018, the company reported today.

Sales rose 9 percent in the second quarter and 9.6 percent at the mid-year mark.

For the three-month period ended June 30, UTC reported earnings of $2 billion, or $2.56 per share, up from $1.4 billion, or $1.83 per share, in the comparable period in 2017.

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Federal Judge Sides with Tyco over Anti-Trust Charge
In a lawsuit it filed in 2014, ADS alleged that the Orland Fire Protection District and Tyco Integrated Security had conspired to restrain or monopolize trade in the market for fire alarm monitoring.

By SSI Staff
Security Sales & Integration

Alarm Detection Systems alleged the district and Tyco Integrated Security conspired to restrain or monopolize trade in the market for fire alarm monitoring.

CHICAGO -- A federal judge has ruled in favor of a fire protection district, located in a southwest Chicago suburb, in an antitrust lawsuit that pitted Alarm Detection Systems (ADS) against Tyco Integrated Security, according to court documents.

The action underlying the case dates back to 2006, when the fire protection district adopted rules to require businesses in the district to install alarms compatible with its preferred system, which directly connected the alarms to the district's central dispatch center.

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Chemours Sales, Profits up for Q2 2018

Cooling Post

Chemours' fluorproducts business, which includes refrigerants, saw sales rise by 13% to $801m in the second quarter of this year, compared to 2017.

Increased sales of its new lower GWP Opteon refrigerants is said to be a major factor behind the improved performance and contributed to the company's total sales increase of 14% to $1.8bn. Increased Opteon sales and higher prices also contributed to pre-tax profits of $230m, up 17% on the previous year's quarter.

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Natural Gas Facility Explodes - Two Badly Burned
Medical personnel load an injured man onto a helicopter to be airlifted to the University of Utah Hospital at exit 214 on Interstate 70 in Utah after a natural gas explosion at a nearby collection facility. Two people suffered significant injuries, according to Lt. Beau Edic with the Lower Valley Fire Protection District.

By Charles Ashby
The Daily Sentinel

CISCO, Utah -- Two men were badly injured when an explosion occurred at a natural gas collection facility near a gas processing plant about 50 miles west of Grand Junction.

The two men, whose identities were not released, were "badly burned" and suffered "significant injuries" in the explosion at a natural gas compression station on the north side of Interstate 70.

The reason behind the explosion was still under investigation, local authorities said.

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Fire Suppression System Limits Damage at Woodworking Plant
Firefighters pause as they prepare to go into the John Boos & Co. facility. A fire was reported within a sawdust collection system. Graham Milldrum photo.

By Graham Milldrum
Effingham Daily News

A fire in the ductwork at the John Boos & Co. manufacturing site on South Banker Street drew firefighters to quell a blaze that never really got going.

It began at about 4:30 p.m. in the system that collects sawdust in the section that sifts out wood chunks, said Effingham Fire Chief Joe Holomy. The fire suppression system activated, alerting the staff and preventing the blaze from spreading, Holomy said.

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Trawler Without Fire Suppression System Burns and Sinks
This trawler was engulfed in flames 12 miles off the Maine coast. U.S. Coast Guard photo.

By U.S. Coast Guard reports
National Fisherman

Just prior to 9:30 a.m., after completing their fourth tow of the day about 12 miles offshore and getting ready for the next, they lost hydraulics on the drag. It started to free-fall and pay out on its own. The brake for the drag was located aft near the starboard hatch, atop the engine compartment. The skipper left the helm and headed aft to set the brake and stop it from falling.

As the skipper headed back to the wheelhouse, the two 3' x 3' engine compartment hatch covers exploded up off the deck. The starboard cover delivered a glancing blow to the skipper, who fell down through the starboard hatch opening and into the engine compartment, which was engulfed in flames. The crewman bounded forward and managed to pull the skipper out of the compartment.

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Gas Station Fire Suppression System Prevents Tragedy - Search is on for Arsonist

By James Ford

WILLOWBROOK, Staten Island -- A man apparently tried to blow up a Staten Island gas station, and almost got killed in the resulting fireballl.

Now, the search is on for the arsonist whose actions would have had far more hazardous results if safety systems required by law had not been in place, according to law enforcement sources. The situation could have been even worse -- catastrophic, even, according to some local residents -- if the flames had managed to spread much farther than they did.

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Are Airlines Ignoring the Lithium Ion Battery Problem?

By Joe Pappalardo
Popular Mechanics

The risk of deadly cargo compartment fires is real, but the action is limited.

This week federal regulators talked about the startling risks posed to airliners by lithium ion batteries in the cargo holds of airliners. At a public safety forum, regulators said that, contrary to previous assumptions, a laptop battery could catch fire and cause an airliner to crash.

One single battery couldn't do it alone. Researchers with the FAA found the perfect storm scenario: A battery fire that burns hot enough to compromise other flammable materials like cosmetics or flammable gasses in aerosol cans. The flames could spread, overwhelming the fire suppression systems in airplane cargo holds.

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abcoABCO Fire Protection Has Merged with ISA Fire and Security

By Jeremy Nobile
Crain's Cleveland Business

Align Capital Partners has announced the merger of Cleveland-based ABCO Fire Protection into its Kentucky-based fire safety platform company ISA Fire and Security.

Terms of the deal were not disclosed. Align notes ABCO is majority owned by Bob Titmas Jr., whose father founded the company in the mid-1970s.

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summit_coSummit Companies Acquires A-1 National Fire of Nevada

Summit Companies

SAINT PAUL, MINNESOTA -- Summit Companies, a premier fire and life safety specialist company, announced that it has completed the purchase of A-1 National Fire Co. of Las Vegas, Nevada. This acquisition is a strategic geographic expansion of Summit's existing fire protection, life safety and consulting business. Summit Companies currently has locations in the states of Arizona, Iowa, Michigan, Minnesota, Nebraska, North Dakota, and Wisconsin and performs work across the United States.

"Summit's entry into Nevada is in direct alignment with the company's growth strategy to expand nationally," stated Summit CEO, Jeff Evrard. "Establishing a presence in Southern Nevada, not only demonstrates Summit's continued commitment to our customers and to client service excellence, but also expands the organization's presence in the southwest by complementing our presence in Arizona."

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pro-tecLincoln Road Global Management Invests in Atlanta's Pro-Tec Fire Safety

By Iris Dorbian
The PE Hub Network

MIAMI -- Lincoln Road Global Management, LLC, a private investment firm focused on investing in lower middle market businesses, announced that an affiliate has completed an investment in Pro-Tec Fire & Safety, a leading provider of fire extinguisher and safety services in the Southeast. This is Lincoln Road's first transaction since the investment team was assembled under the leadership of Managing Partner Jeff Magny. Terms of the private transaction were not disclosed.

Lincoln Road makes investments in industry leading businesses that have strong franchise value, and can benefit from its operational expertise. The firm specializes in industrial, consumer retail, and business services companies in North America with sales between $20 and $150 million.

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plane_firesSimple Mixture Could Help to Curb Plane Fires
Joseph Kaczmarek/AP Photo

By Randall Hyman

Recent car crashes and airline fires have made it abundantly clear: Lithium-ion batteries, which power most portable devices and electric vehicles, are dangerous. If crushed and twisted, the porous plastic membrane that separates the electrodes inside can instantly shred and cause a short circuit, igniting the battery's highly flammable lithium electrolyte.

Now, taking a page from children's author Dr. Seuss, chemist Gabriel Veith and colleagues at Oak Ridge National Laboratory in Tennessee may have found a solution: oobleck. The liquid mixture of cornstarch and water (which gets its name from a classic American children's book) acts like a solid if hit with sufficient force. While mixing up some oobleck for his children, Veith got an idea worthy of a cat in a hat with a vat: Replace the cornstarch with silica and mix it into the electrolyte of a lithium-ion battery to produce a variation that transforms from flammable fluid to inert solid when impacted. In chemical terms, it's called a shear thickening fluid.

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Anti-Ionization Smoke Alarm Campaign Loses Skirmish (Australia)
Campaigners say ionized smoke alarms could take a dangerously long time to react to common fires.
User supplied: FESA

By Annie Guest
ABC News

Campaigners against a type of smoke alarm which has been blamed for tens of thousands of deaths worldwide are disappointed their bid for CSIRO test data has been rejected.

The campaigners sought the findings from the CSIRO's smoke alarm tests - conducted from 1993 to 2015 - that they say proves ionization alarms have a dangerously delayed response to common or smouldering fires.

But the Administrative Appeals Tribunal in Brisbane found the documents were exempt from Freedom of Information laws because they related to commercial activity, and it was expected the CSIRO would conduct these tests in competition with others in future.

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Demonstration Shows the Advantage to Having a Fire Suppression System
Firefighters' training shows how quickly blaze can escalate

By Beth Altena
The Rockford Squire

Rockford firefighters as well as participants from area departments saw first hand the differences in fighting fire in a home with a fire suppression system versus one that does not have the system installed.

On Wednesday, July 11, a specially designed trailer from Saugatuck was loaded with donated furniture and household goods and lit up. One side has a sprinkler system installed and the other does not. Fire Safety officer Ken Phillips narrated the day's training, which began with a round table briefing within the main office of the Department of Public Works compound in the industrial area in Rockford.

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Most Popular Stories from July 2018

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