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Motorola Solutions Reports Third-Quarter 2015 Financial Results

on Wednesday, 04 November 2015. Posted in Two Way Radio Industry News Blog

  • Sales of $1.4 billion, down 1 percent from a year ago, including $54 million of unfavorable foreign currency impact
  • North America sales grew 5 percent, driven by both Products and Services segment sales
  • GAAP earnings per share (EPS) from continuing operations1 of $0.63
  • Non-GAAP EPS from continuing operations* of $0.82, resulting in growth of 32 percent
  • Generated $300 million in operating cash flow and $250 million in free cash flow2
  • Returned more than $2.1 billion to shareholders through share repurchases and cash dividends, including the repurchase of approximately $2.1 billion of stock in the quarter

SCHAUMBURG, Ill. - Nov. 4, 2015 - Motorola Solutions, Inc. (NYSE: MSI) today reported its earnings results for the third quarter of 2015. Click here for a printable news release and financial tables.
 
SUPPORTING QUOTE
“Our business showed resilience in the third quarter despite a mixed global economic environment and significant currency headwinds,” said Greg Brown, chairman and CEO of Motorola Solutions. “We delivered a strong quarter of 32 percent earnings per share growth, additional cost reductions and more than $2 billion of capital return. We believe we are well positioned for significant growth in operating earnings and free cash flow per share."
 
KEY FINANCIAL RESULTS (presented in millions, except per share data and percentages)
 

  Q3 2015  Q3 2014 % Change
  Sales $1,422 $1,436 (1)%
 
GAAP
  Operating Earnings $231 $207 12%
  % of Sales 16.2% 14.4%  
  EPS from continuing operations $0.63 $0.27 133%
 
Non-GAAP
  Operating Earnings $292 $259 13%
  % of Sales 20.5% 18.0%  
  EPS from continuing operations $0.82 $0.62 32%
 
Product Segment
  Sales $925 $921 —%
  GAAP Operating Earnings $178 $141 26%
  % of Sales 19.2% 15.3%  
  Non-GAAP Operating Earnings $221 $175 26%
  % of Sales 23.9% 19.0%  
 
Services Segment
  Sales $497 $515 (3)%
  GAAP Operating Earnings $53 $66 (20)%
  % of Sales 10.7% 12.8%  
  Non-GAAP Operating Earnings $71 $84 (15)%
  % of Sales 14.3% 16.3%  

 

*Non-GAAP financial information excludes the after-tax impact of approximately $0.19 per diluted share related to share-based compensation, intangible assets amortization expense and highlighted items. Details on these non-GAAP adjustments and the use of non-GAAP measures are included later in this news release.
 
OTHER SELECTED FINANCIAL RESULTS
 

 

  • Revenue - Sales decreased 1 percent, including $54 million of unfavorable foreign currency impact. Sales grew 3 percent in constant currency terms. These results reflect 5 percent growth in North America, which delivered improvements in both Products and Services sales in state and local governments along with strong performance in the U.S. Federal business. Overall company product sales were flat due to currency headwinds and weakness in the Latin America region. The Services business declined 3 percent primarily due to currency headwinds, lower iDEN revenue and a decline in systems integration revenues in Norway.
  • Operating margin - GAAP operating margin was 16.2 percent of sales in the third quarter of 2015, compared with 14.4 percent in the third quarter of 2014; non-GAAP operating margin was 20.5 percent of sales, compared with 18.0 percent in the third quarter of 2014, reflecting $39 million in lower operating expenses compared with the third quarter of 2014, due to the company's cost reduction initiatives, lower pension expense and a stronger dollar.
  • Taxes - The third quarter of 2015 GAAP effective tax rate was 36 percent. This compares with a tax rate of 56 percent in the third quarter of 2014, which included a $55 million tax expense related to a valuation allowance. The third quarter of 2015 non-GAAP tax rate was 35 percent, compared with a tax rate of 33 percent in the third quarter of 2014. The full-year non-GAAP tax rate is expected to be approximately 33 percent. The full-year cash tax rate3 is expected to be approximately 15 percent.
  • Cash flow - The company generated $300 million in operating cash from continuing operations during the quarter, reflecting an increase of $415 million over the prior year. Free cash flow was $250 million in the quarter. The increase was largely driven by $397 million in lower pension contributions and improved earnings performance.
  • Cash and cash equivalents - The company ended the quarter with cash and cash equivalents of $2.2 billion and a net debt position of approximately $2.2 billion4. The company repurchased approximately $2.1 billion of its common stock in the third quarter of 2015 and paid approximately $70 million in cash dividends.

KEY HIGHLIGHTS
 
Strategic wins
 

  • $50 million for a nationwide Project P25 digital land mobile radio (P25) system for the state police force in northern Africa covering approximately 50 sites and more than 5,000 subscribers
  • $45 million extension to complete the build-out and final phase of a multiyear, statewide network upgrade in the eastern United States
  • $24 million contract for a P25 system that provides a combined, inter-operable radio solution for the Texas cities of Mesquite, Garland, Rowlett and Sachse covering nearly 400,000 people
  • Multiple U.S. Smart Public Safety Solutions wins including computer-aided dispatch, Next Gen 911, and expansion of Intelligence Led Public Safety solutions 

Innovation and investments in growth
 

  • Launched the company’s first three-in-one combination body-worn video camera, radio speaker and microphone, and new, cloud-based content management system. The end-to-end video solution, the Si500/Si300 and CommandCentral Vault, combines the company’s secure, digital evidence management software with voice communications, body-worn video, voice recording and emergency alerting delivered in one compact device.
  • Growing new product revenue well ahead of expectations with the launch of the APX 8000 radio.  The enhanced functionality of being a multiband device with Wi-Fi and Bluetooth enables personal area networks that access the Internet of Things and serves as a platform for future APX devices.
  • Leading public safety LTE trials with multiple international police forces in every region to provide high-speed broadband capabilities and securely distribute situational-aware content to and from officers on the front lines with command centers, utilizing interoperability between LTE and land-mobile radio (LMR) networks enabled by Motorola Solutions WAVE technology, third-party mobile applications, broadband devices and video.

BUSINESS OUTLOOK
 
Fourth quarter 2015 - Motorola Solutions expects a revenue decline of 6 to 8 percent compared with the fourth quarter of 2014. This assumes a $65 million5 unfavorable currency impact, which translates to a revenue decline of 3 to 5 percent in constant currency. The company expects non-GAAP earnings per share from continuing operations in the range of $1.45 to $1.50 per share. This outlook is driven primarily by further weakness in Latin America and incremental currency pressure.
 
CONFERENCE CALL AND WEBCAST
 
Motorola Solutions will host its quarterly conference call beginning at 7:30 a.m. U.S. Central Standard Time (8:30 a.m. U.S. Eastern Standard Time) Wednesday, Nov. 4. The conference call will be webcast live with audio and slides at www.motorolasolutions.com/investor.
 
CONSOLIDATED GAAP RESULTS (presented in millions, except per share data)
 
A comparison of results from operations is as follows:
 

  Q3 2015 Q3 2014
Net sales $1,422 $1,436
Gross margin 685 685
Operating earnings 231 207
Amounts attributable to Motorola Solutions, Inc. common stockholders
Earnings from continuing operations, net of tax

126

66
Net earnings 115 147
Diluted EPS from continuing operations $0.63 $0.27
Weighted average diluted common shares outstanding (see footnote 6) 201.3 248.2

 
HIGHLIGHTED ITEMS AND SHARE-BASED COMPENSATION EXPENSE
 
The table below includes highlighted items, share-based compensation expense and intangible amortization for the third quarter of 2015.
 

(per diluted common share) Q3 2015
   
GAAP Earnings from Continuing Operations $0.63
   
Highlighted Items:  
Share-based compensation expense 0.06
Reorganization of business charges 0.05
Intangibles amortization expense
Impairment of corporate aircraft 0.08
Total Highlighted Items $0.19
   
Non-GAAP Diluted EPS from Continuing Operations $0.82

 

USE OF NON-GAAP FINANCIAL INFORMATION
 
In addition to the GAAP results included in this presentation, Motorola Solutions also has included non-GAAP measurements of results. The company has provided these non-GAAP measurements to help investors better understand its core operating performance, enhance comparisons of core operating performance from period to period and allow better comparisons of operating performance to its competitors. Among other things, management uses these operating results, excluding the identified items, to evaluate performance of the businesses and to evaluate results relative to certain incentive compensation targets. Management uses operating results excluding these items because it believes this measurement enables it to make better period-to-period evaluations of the financial performance of core business operations. The non-GAAP measurements are intended only as a supplement to the comparable GAAP measurements and the company compensates for the limitations inherent in the use of non-GAAP measurements by using GAAP measures in conjunction with the non-GAAP measurements. As a result, investors should consider these non-GAAP measurements in addition to, and not in substitution for or as superior to, measurements of financial performance prepared in accordance with generally accepted accounting principles.
 
Highlighted items: The company has excluded the effects of highlighted items (and any reversals of highlighted items recorded in prior periods) from its non-GAAP operating expenses and net income measurements because the company believes that these historical items do not reflect expected future operating earnings or expenses and do not contribute to a meaningful evaluation of the company’s current operating performance or comparisons to the company’s past operating performance.
 
Share-based compensation expense: The company has excluded share-based compensation expense from its non-GAAP operating expenses and net income measurements. Although share-based compensation is a key incentive offered to the company’s employees and the company believes such compensation contributed to the revenue earned during the periods presented and also believes it will contribute to the generation of future period revenues, the company continues to evaluate its performance excluding share-based compensation expense primarily because it represents a significant non-cash expense. Share-based compensation expense will recur in future periods.
 
Intangible assets amortization expense: The company has excluded intangible assets amortization expense from its Non-GAAP operating expenses and net earnings measurements, primarily because it represents a non-cash expense and because the company evaluates its performance excluding intangible assets amortization expense. Amortization of intangible assets is consistent in amount and frequency but is significantly affected by the timing and size of the company’s acquisitions. Investors should note that the use of intangible assets contributed to the company’s revenues earned during the periods presented and will contribute to the company’s future period revenues as well. Intangible assets amortization expense will recur in future periods.
 
Constant Currency: We evaluate our results of operations on both an as reported and a constant currency basis. The constant currency presentation, which is a non-GAAP measure, excludes the impact of fluctuations in foreign currency exchange rates. We calculate constant currency percentages by converting our current period local currency results using prior-period exchange rates, and then comparing these adjusted values to prior period reported results.
 
Details of the above items and reconciliations of the non-GAAP measurements to the corresponding GAAP measurements can be found at the end of this press release.

 

BUSINESS RISKS
 
This press release contains "forward-looking statements" within the meaning of applicable federal securities law. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and generally include words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to, Motorola Solutions’ expected full-year non-GAAP tax rate, full-year cash tax rate and financial outlook for the fourth quarter and full year of 2015, including the impact of currency rates. Motorola Solutions cautions the reader that the risk factors below, as well as those on pages 9 through 20 in Item 1A of Motorola Solutions, Inc.'s 2014 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com/investor, could cause Motorola Solutions’ actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to: (1) the economic outlook for the government communications industry; (2) the impact of foreign currency fluctuations on the company; (3) the level of demand for the company's products; (4) the company's ability to introduce new products and technologies in a timely manner; (5) negative impact on the company's business from global economic and political conditions, which may include: (i) continued deferment or cancellation of purchase orders by customers; (ii) the inability of customers to obtain financing for purchases of the company's products; (iii) increased demand to provide vendor financing to customers; (iv) increased financial pressures on third-party dealers, distributors and retailers; (v) the viability of the company's suppliers that may no longer have access to necessary financing; (vi) counterparty failures negatively impacting the company’s financial position; (vii) changes in the value of investments held by the company's pension plan and other defined benefit plans, which could impact future required or voluntary pension contributions; and (viii) the company’s ability to access the capital markets on acceptable terms and conditions; (6) the impact of a security breach or other significant disruption in the company’s IT systems, those of our partners or suppliers or those we sell to or operate or maintain for our customers; (7) the outcome of ongoing and future tax matters; (8) the company's ability to purchase sufficient materials, parts and components to meet customer demand, particularly in light of global economic conditions and reductions in the company’s purchasing power; (9) risks related to dependence on certain key suppliers, subcontractors, third-party distributors and other representatives; (10) the impact on the company's performance and financial results from strategic acquisitions or divestitures; (11) risks related to the company's manufacturing and business operations in foreign countries; (12) the creditworthiness of the company's customers and distributors, particularly purchasers of large infrastructure systems; (13) exposure under large systems and managed services contracts, including risks related to the fact that certain customers require that the company build, own and operate their systems, often over a multi-year period; (14) the ownership of certain logos, trademarks, trade names and service marks including “MOTOROLA” by Motorola Trademark Holdings, LLc.; (15) variability in income received from licensing the company's intellectual property to others, as well as expenses incurred when the company licenses intellectual property from others; (16) unexpected liabilities or expenses, including unfavorable outcomes to any pending or future litigation or regulatory or similar proceedings; (17) the impact of the percentage of cash and cash equivalents held outside of the United States; (18) the ability of the company to pay future dividends due to possible adverse market conditions or adverse impacts on the company’s cash flow; (19) the ability of the company to repurchase shares under its repurchase program due to possible adverse market conditions or adverse impacts on the company’s cash flow; (20) the impact of changes in governmental policies, laws or regulations; (21) negative consequences from the company's outsourcing of various activities, including certain manufacturing operations, information technology and administrative functions; (22) the impact of the sale of the company’s enterprise legacy information systems, including components of the enterprise resource planning (ERP) system and the implementation of a new ERP system; and (23) the company’s ability to settle the par value of the Senior Convertible Notes in cash. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise.

DEFINITIONS

 
1 Amounts attributable to Motorola Solutions, Inc. common shareholders
2 Free cash flow represents operating cash flow less capex
3 Cash tax rate represents taxes paid divided by pre-tax income
4 Net debt represents cash and cash equivalents less long-term debt, including current portion
5 Based on currency rates as of Nov. 2, 2015
6 $1B convertible notes issued in Q3 are expected to be settled in cash, and therefore the diluted shares are calculated on only the number of shares which would be issuable, based on the amount by which the average stock price exceeds the conversion price of $68.50
 
ABOUT MOTOROLA SOLUTIONS
 
Motorola Solutions (NYSE: MSI) creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities. For ongoing news, visit www.motorolasolutions.com/newsroom or subscribe to a news feed.

Technology and citizen participation are transforming public safety in Latin America

on Monday, 02 November 2015. Posted in Two Way Radio Industry News Blog

Public safety study conducted by the University of Santiago, Chile and supported by the Motorola Solutions Foundation identifies the most innovative and effective public safety practices in Latin America

  • Twenty-six experts participated in study analyzing public safety policies in eight countries
  • Use of social networks to report crime is increasing citizen participation and inclusion
  • New technology is improving public safety


SANTIAGO, Chile – Oct. 29, 2015 – A new study from the University of Santiago, Chile  and supported by the Motorola Solutions Foundation assessing public safety in Latin America has found that technology and citizen participation are transforming public safety.
 
The study, "Technological Innovation for Public Safety in Latin America: Situation and Innovation in Public Policies” identifies positive changes following modernization and investment, mainly in public safety technology, combined with increasing citizen participation in crime prevention and timely alerts in case of emergencies.
 
The first part of the research included assessing the general public safety situation, and the second part focused on identifying the most innovative and effective practices implemented in Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Panama and Peru.
 
For example, in Canoas, Brazil, the installation of surveillance cameras on public streets and weapon detection sensors successfully reduced the homicide rate by almost 50 percent during the last years.
 
“New technologies are being used to coordinate response efforts and allow family and friends to connect more quickly,” said Lucía Dammert, associated professor of the humanities department at the University of Santiago, Chile. “In particular, the study found a growing awareness of public safety LTE technology for emergency communications. Some countries, such as Panama, Brazil and Chile, have already defined dedicated spectrum for this technology with a focus on public protection and disaster management."
 
Dammert added, "We're seeing a growing use of technology to minimize the consequences of emergency situations caused by natural disasters. Some major consequences include a lack of basic supplies and anxiety produced by uncertainty and misinformation.”
 
PUBLIC SAFETY
The growing use of technology has exposed the need for better information systems and greater intra- and inter-institutional coordination. It also highlighted the importance of providing training for the different public safety agencies to capitalize on the use of new technological tools and resources, and suggested that citizen participation is more efficient when it is supported by integrated management practices and new technologies.
 
NATURAL DISASTERS
Although the region is equipped with a series of early alert systems, opportunities exist to further reduce vulnerabilities. The study shows that natural disasters increase the probability of violent social conflict by 30 percent. From all kinds of natural disasters, floods were responsible for the most casualties in the region between 2000 and 2013 (5,685), and earthquakes caused the most economic damage. During the same period, the economic impact of natural disasters to South America was $31 billion.
 
CONCLUSIONS
This study recommended that public policies be flexible enough to respond to new crime dynamics and incorporate new technologies. It also detected the need for greater response coordination between different emergency and safety organizations. At the same time, it found that larger investments in technological innovations are required in order to bolster their use in public safety. Constant monitoring and evaluation of the implementation and impact of these initiatives is also needed.
 
The study contributes to information sharing and the dissemination of the most innovative prevention, crime control and emergency response practices in Latin America.

An executive summary of the study can be downloaded here, or watch the following video presenting the study.

About Motorola Solutions Foundation
The Motorola Solutions Foundation is the philanthropic and charitable arm of Motorola Solutions. With employees located around the globe, Motorola seeks to benefit the communities where it operates. The company achieves this by making strategic grants, forging strong community partnerships, fostering innovation and engaging our stakeholders. The Motorola Solutions Foundation focuses its efforts on public safety and education, especially on science, technology, engineering and math programming. For more information on the Motorola Solutions Foundation, visit: www.motorolasolutions.com/giving

Police Go Above and Beyond to Serve Communities

on Monday, 26 October 2015. Posted in Two Way Radio Industry News Blog

Motorola Solutions and IACP announce recipients of 2015 Webber Seavey award for policing excellence

  • Three police departments from Canada and the United States are recognized for innovative programs that have improved community services
  • Awards to be presented today at the International Association of Chiefs of Police (IACP) Annual Conference in Chicago

CHICAGO – Oct. 26, 2015 – Motorola Solutions (NYSE: MSI) and the International Association of Chiefs of Police (IACP) are shining the spotlight on three law enforcement agencies for their innovative community outreach programs that have helped reduce organized shoplifting, increased supportive outreach to residents with mental health issues and provided early-intervention services to community members in need.

The 2015 IACP-Motorola Solutions Webber Seavey Award for Excellence in Law Enforcement will be presented at 10 a.m. today during the IACP Annual Conference first general assembly to the Leesburg, Virginia Police Department; Vancouver, British Columbia Police Department; and the Waterloo, Ontario Regional Police Service.

“These three law enforcement agencies have gone the extra mile to improve the quality of life in each of their communities,” said John Zidar, vice president, Motorola Solutions. “Recipients of this award are held in high esteem as exemplary models of effective law enforcement programs that can be mirrored by agencies from around the globe.”

Leesburg, Virginia Police Department: Organized Retail Crime
Using evidence-based policing, the department identified an increase in organized shoplifting and losses exceeding those reported to law enforcement. Using a three-prong approach including high-visibility patrols, education and theft prevention operations, Leesburg has experienced a sustained reduction in organized retail crime, and an increase in the reporting of shoplifting and associated losses.

Vancouver, British Columbia, Canada Police Department: Assertive Outreach Team
In part of the city’s downtown area, 3 percent of the population accounted for 25 percent of all reported mental health calls to the department. Both health and police data highlighted that residents with repeated admission to hospital emergency departments also had increased interactions with police prior to obtaining treatment. To address these issues, police officers teamed up with nurses and other healthcare professionals to transition residents from local emergency departments to appropriate community services. As a result of their efforts, there has been a 77 percent reduction in violent offences by these residents.

Waterloo Regional Police Service, Ontario, Canada: Connectivity Waterloo Region
More than 80 percent of calls for service in the Waterloo Region are non-criminal in nature and are about residents impacted by poverty, addiction and mental health issues. To address these calls, the Waterloo Regional Police Service created an early-intervention program with multiple agencies to connect high-risk individuals and families to services and support within 24 to 48 hours. Since implementation, 139 individuals and families have been connected with the right service professionals to help meet their needs, and there has been a significant reduction in the repeated use of expensive emergency and crisis response services.

"We're proud to recognize the outstanding achievements of the three winners of this year's IACP-Motorola Solutions Webber Seavey Award for Excellence in Law Enforcement," said IACP’s President, University of Central Florida Police Chief Richard Beary. "The IACP-Motorola Solutions Webber Seavey Award for Excellence in Law Enforcement exemplifies the best qualities of public servants – identifying a need in the community and taking action to address it.”
 
About the IACP
The International Association of Chiefs of Police is the world’s largest association of law enforcement executives. With over 25,000 members in more than 121 countries, the IACP serves as the professional voice of law enforcement. Building on their past success, the IACP addresses cutting edge issues confronting law enforcement through advocacy, programs and research, as well as training and other professional services. IACP is a comprehensive professional organization that supports the law enforcement leaders of today and develops the leaders of tomorrow.

Motorola Solutions to Issue Third-Quarter 2015 Earnings Results on Nov. 4

on Monday, 26 October 2015. Posted in Two Way Radio Industry News Blog

Webcast presentation by executives to follow earnings release
 
SCHAUMBURG, Ill. – Oct. 23, 2015 – Motorola Solutions, Inc. (NYSE: MSI) will issue its third-quarter 2015 earnings results at approximately 6 a.m. CST (7 a.m. EST) on Wednesday, Nov. 4.
 
Motorola Solutions will host its quarterly conference call with financial analysts at 7:30 a.m. CST (8:30 a.m. EST) on Nov. 4. The conference call will be webcast live with audio and slides at www.motorolasolutions.com/investors. A replay of the conference call will be available approximately three hours after the call has been completed at www.motorolasolutions.com/investors.
 
# # #
 
About Motorola Solutions
Motorola Solutions (NYSE: MSI) creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities. For ongoing news, visit www.motorolasolutions.com/newsroom or subscribe to a news feed.
 
Media Contact
Kurt Ebenhoch
Motorola Solutions
+1 847-576-1341
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Investor Contacts
Shep Dunlap
Motorola Solutions
+1 847-576-6899
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Chris Kutsor
Motorola Solutions
+1 847-576-4995
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Motorola Solutions Foundation sponsors new community-police relations institute, gives $3.95 million in public safety grants

on Thursday, 22 October 2015. Posted in Two Way Radio Industry News Blog

Institute will implement recommendations from White House task force on 21st century policing

  • The Motorola Solutions Foundation will help launch a program focused on community-police relations along  with the International Association of Chiefs of Police (IACP)
  • The foundation also announced it will grant $3.95 million to 90 organizations dedicated to improving public safety in communities in the United States and Canada
  • More than 675,000 first responders and citizens will benefit from the non-profit organizations’ programming

SCHAUMBURG, Ill. – Oct. 22, 2015 – The Motorola Solutions Foundation, the charitable arm of Motorola Solutions, announced today that it will help launch a program focused on community-police relations as a founding sponsor.

The International Association of Chiefs of Police (IACP), based in Alexandria, Va., will lead the Institute for Community-Police Relations, which will help drive the implementation of recommendations set forth in the recently published 2015 White House Task Force Report on 21st Century Policing.

The institute will take the task force’s recommendations and provide educational materials for local law enforcement agencies across the country. It will also provide on-site training for police forces, facilitate citizen-police dialogue to improve trust and develop a national mentoring program among chiefs of police.

“Building and maintaining community trust is the cornerstone of successful policing,” said IACP’s President, University of Central Florida Police Chief Richard Beary. “The generous backing provided by Motorola Solutions Foundation will enable the Institute for Community-Police Relations to provide support to state, local and tribal law enforcement and address the issues identified by the task force and IACP’s National Policy Summit on Community-Police Relations: Creating a Culture of Cohesion and Collaboration.”

The Motorola Solutions Foundation is also granting $3.95 million to 90 non-profit organizations to help improve safety and security in communities across the United States and Canada, as well as honor the families of fallen first responders and help bolster public safety education. More than 675,000 first responders and community members will benefit from the programs funded through the competitive review process.

“At a time when public safety is at the forefront of so many people’s minds in cities around the world, we are proud to support programs that aim to improve safety and security in our communities,” said Matt Blakely, executive director of the Motorola Solutions Foundation.

Here are a few examples of the impact the public safety grants awarded last year have had so far:

  • ​The National Center for Missing and Exploited Children (NCMEC) provided training to law enforcement agencies on model policies and best practices to respond to missing children cases. Last year, NCMEC partnered with IACP to reach its largest audience ever of 14,000 public safety professionals.
  • The National Fallen Firefighters Foundation provided scholarship assistance to 78 family members of fallen firefighters for education and job training costs.
  • The Chicago Police Memorial Foundation delivered police suicide prevention and stress management seminars to 300 command personnel and supervisors.
  • The Texas Game Warden Underwater Search and Recovery (SAR) Team used grant funds to train game wardens on safe and effective water rescues and to provide them with equipment. This year, historic flooding endangered the lives of many Texans and the resources helped game wardens save lives with no officer injuries.
  • The Police Executive Research Forum (PERF) partnered with police executives from across the country to research, discuss and publish findings on critical issues in policing.
  • The Washington Center for Internships and Academic Seminars provided scholarships to about 300 students with a career interest in public safety and criminal justice.
  • The American Red Cross of South Florida educated low-income neighborhoods about the importance of fire safety through presentations and installation of smoke detectors.
  • The Fisher House Foundation provided lodging to families of service members and veterans receiving care at a military or Veterans Affairs medical center and supported the construction of 10 new Fisher Houses.

Motorola Solutions Transforms Body-Worn Cameras for Public Safety

on Wednesday, 21 October 2015. Posted in Two Way Radio Industry News Blog

Innovative solution combines body-worn video camera, radio speaker and microphone, and cloud-based data storage

  • New body-worn video camera and radio speaker and microphone combines voice communications and recording, video, pictures and emergency alerting into compact and easy-to-use device
  • Cloud-based storage solution enables secure video management with superior technology at lower costs than solutions on the market today
  • The video camera, radio speaker and microphone offered together with the storage system simplify evidence gathering and management for law enforcement

SCHAUMBURG, Ill. – Oct. 20, 2015 – Responding to law enforcement demand, Motorola Solutions (NYSE: MSI) is transforming body-worn cameras and digital evidence management with the debut of its first-ever, three-in-one combination body-worn video camera, radio speaker and microphone along with a new, cloud-based content management system.

The importance of capturing, storing and properly managing video evidence has never been greater for law enforcement agencies of all sizes. While use of body-worn cameras has widespread and growing acceptance with public safety agencies and the citizens they protect, the massive amounts of data cameras create needs to be managed and stored, at significant costs.

Motorola Solutions’ innovative end-to-end solution, the “Smart Interface” (Si) Si500 and Si300 Video Speaker Microphone (VSM) reduces the equipment officers carry by combining a state-of-the-art video camera and high-quality radio speaker microphone into one easy-to-use device. Using the Si500 or Si300 VSM in combination with “CommandCentral Vault,” a new cloud-based storage solution that meets Criminal Justice Information Services (CJIS) standards, will make evidence management significantly easier while lowering costs.

“A picture says a thousand words, and it’s true in our industry,” said Waukegan, Illinois, Police Sgt. David DeBaufer, whose officers recently experienced the new Si500 and Si300 models. “Having a body-worn camera combined with a radio microphone would be a benefit to the officer because it’s one less item that they are going to have to carry."

“After an incident that is not on video there are multiple people that have multiple perspectives of how an incident took place,” Waukegan Deputy Chief Keith Zupec said. “Now we will have that recorded and officers will be able to complete their reports after viewing that video, which will refresh their memory on how things occurred. It will be a more accurately and truthfully documented incident.”

Motorola Solutions’ Si500 and Si300 VSMs integrate voice communications, real-time video, still images and emergency alerting into one innovative design.

“We’re transforming body-worn cameras by integrating our best microphone into a video camera, and combining that with a content management system that’s unmatched in its ease of use,” said Bruce Brda, executive vice president of Systems and Products for Motorola Solutions. “This innovative solution consolidates the equipment law enforcement uses to carry out its mission while employing the latest technology to improve digital evidence management at a lower cost.”

Sight and Sound Simplified

Both body-worn camera and remote radio speaker microphone, the compact Si500 VSM is a unique interface that extends the mission-critical performance of Motorola Solutions APX™ radios. The lightweight compact design includes a number of innovative features to meet the needs of first responders:

  • The Si500 VSM is equipped with a 210-degree range-of-motion camera lens that provides optimal field of view and flexible wearing positions. Users can wear the VSM with the display facing in or out.
  • The Si500 VSM features the new adaptive audio engine that automatically adjusts audio settings based on the user’s wearing position and environment. With five integrated microphones and a loud 0.5-watt rated speaker, it provides the same high audio quality of the APX™ 6000 portable radio.
  • Integrated Wi-Fi dramatically improves the speed of uploading multi-media. It also makes over-the-air VSM feature updates quick and seamless.
  • The Si500 VSM offers a full-screen tempered-glass display with an intuitive user interface that presents only vital information within three panels. Users have the ability to control radio channels and talk groups, view recorded video and photos, tag videos and listen to audio recordings.

Evidence Management Revolutionized

CommandCentral Vault is a cloud-based application to securely store, review, manage and share digital evidence. It completes a digital evidence management solution when paired with the Si Series VSMs but can also stand alone and accept evidence gathered from any device. The system ensures end-to-end security that reduces any challenge to chain of custody for agencies. CommandCentral Vault also:

  • Provides a highly streamlined ability to search, review, annotate and perform other evidence management, reducing administrative time and expense.
  • Provides an industry-leading auto-redaction feature to help public safety agencies remove identities of individuals in videos seamlessly. Instead of having to painstakingly invest the time to review and possibly edit each video frame, technicians will be able to automatically mark objects such as faces, addresses or license plates and let the new technology blur them out automatically throughout the video, saving hours of administrative time.
  • Creates greater engagement with and transparency with communities. The system enables agencies to improve evidence management and more easily respond to content requests.
  • Motorola Solutions is partnering with Adobe to use its industry-leading solutions in CommandCentral Vault. Adobe’s content management, workflow management and digital rights management capabilities in Adobe Marketing Cloud as well as creative tools in Adobe Creative Cloud combined with Motorola Solutions' deep knowledge of public safety will set a new standard for reducing administration costs.

Calgary Police on Front Line of Public Safety Innovation

on Monday, 19 October 2015. Posted in Two Way Radio Industry News Blog

Motorola Solutions, Calgary Police Service and Ericsson demonstrating broadband capabilities of the first public safety LTE network in Canada

Calgary Police Service is using Canada’s first dedicated public safety long-term evolution (LTE) network to access, collect and analyze valuable data

Public safety LTE helps improve safety and efficiency for first responders and the communities they serve

CALGARY, ALBERTA – Oct. 19, 2015 – Motorola Solutions (NYSE: MSI), Ericsson (NASDAQ:ERIC) and the Calgary Police Service are currently demonstrating innovative applications on Canada’s first public safety LTE network.

The public safety LTE network is being tested by first responders within the City of Calgary and providing police with high-speed broadband capabilities to quickly access data, images and videos. The Calgary Police Service is able to collect and analyze information from a variety of sources and securely distribute it to officers on the front lines of protecting the public.

“Reliable and uninterrupted communications is a mission-critical priority in emergency situations, and having access to high-speed data via our own broadband spectrum will significantly contribute to all emergency services, providing a coordinated response to ensure public safety,” said Chief Constable Roger Chaffin of the Calgary Police Service. “Coordinated and reliable communication in emergency situations can ultimately help save lives. The need for reliability is one key reason we rely on our own private radio networks for voice communication rather than cellular phones.”

The Calgary Police Service is demonstrating the system and providing feedback on its ability to enhance safety, improve response times to natural and man-made incidents, and help first responders do their jobs more efficiently.

Applications on the public safety LTE network make it possible to share data and video without competing for bandwidth over a shared public network. For example, real-time video intelligence from cameras in police cars or throughout Calgary can be shared quickly and securely with an incident commander who can then analyze and prioritize the information and send it immediately to first responders before they arrive at the scene. In addition to video, Calgary intends to use other applications such as integrating public safety LTE with land mobile radio (LMR) networks and sharing information via computer-aided dispatch (CAD) and records management systems (RMS).

“Motorola Solutions is committed to helping public safety agencies in Canada and elsewhere capture and process large volumes of data and convert it into intelligence that can help quickly solve or prevent incidents,” said George Krausz, president, Motorola Solutions Canada. “The information gathered by the Calgary Police Service during this test will help demonstrate how the reliable high-speed transmission of data, images and video over a public safety LTE network can also help the city’s first responders become more efficient."

“Public safety agencies face fundamental challenges to the way in which they provide services. They must respond faster and with greater efficiency to protect the lives and property of citizens,” said Graham Osborne, president, Ericsson Canada Inc. “Ericsson, a global leader in Communications, empowers public safety agencies such as the Calgary Police Service to meet the technological challenge with its reliable, secure and high speed LTE technology.”

Officially launched in June 2015, the public safety LTE network is composed of a number of cellular sites and used with LTE devices such as Motorola Solutions’ VML750 vehicular modems and LEX mission-critical handhelds. The new Calgary system is owned and operated by Motorola Solutions as part of an LTE Cloud Core which provides access to shared LTE applications, such as video and data analytics, on a subscription-based service for a predictable annual cost. The new system is also being monitored by experienced technologists at Motorola Solutions’ Network Operations Center in Schaumburg, Ill. to help ensure reliable and always-available communications.

The Government of Canada has set aside 20 MHz of the 700 MHz radio spectrum for public safety users. Industry Canada provided a developmental spectrum license to Calgary Police Service for operation in Calgary.

Cyber Criminals Beware: Motorola Solutions Expands Security Services to Fight Attacks

on Thursday, 15 October 2015. Posted in Two Way Radio Industry News Blog

New professional service helps customers identify, manage cybersecurity risks and respond to potential breaches

  • Motorola Solutions helps public safety and government customers address cyber threats in interoperable networks, radios, software and more by using its proven expertise in securing mission-critical technology
  • Certified, trained professionals on the Motorola Solutions Cybersecurity Professional Services team keep abreast of the rapidly changing landscape of security threats and compliance technologies, allowing customers to stay focused on their mission-critical operations

SCHAUMBURG, Ill. – Oct. 15, 2015 – Motorola Solutions (NYSE: MSI) now offers government and public safety customers expanded cybersecurity services to help protect against cyber attacks, especially as they share information across agencies and work together to solve crimes. The company’s new Cybersecurity Professional Service is a collaborative effort with customers to help them identify and manage cyber risk within their operations by evaluating technology, processes and staff capabilities and recommending solutions to help agencies respond quickly and effectively to potential breaches.

According to a recent survey of businesses and government agencies, the number of cybersecurity incidents detected by respondents climbed to 42.8 million in 2014, an increase of more than 48 percent in just one year. That’s the equivalent of 117,339 incoming attacks each day for a year.

Cybersecurity Professional Services help maintain the integrity of police investigations by protecting against cyber threats to mission-critical radio networks and real-time information sources such as videos of incidents and photographs and fingerprints of suspects that are shared between agencies. The new service comes in addition to Motorola Solutions capabilities that already help prevent breaches such as network security monitoring and software security updates, which enable customers to maintain the most current and effective versions of programs like records management systems.

“Many organizations believe their most sensitive mission-critical information is safe, but it is becoming clear that even public safety and government agencies are prime targets for cyber criminals,” said Kelly Mark, corporate vice president, Motorola Solutions. “Cybersecurity Professional Services builds on Motorola Solutions’ decades-long experience in mission-critical security services and helps customers respond quickly to ever-changing security threats by providing periodic assessments to identify risks and prioritize next steps to maintain secure communications.”

About Motorola Solutions                     
Motorola Solutions (NYSE: MSI) creates innovative, mission-critical communication solutions and services that help public safety and commercial customers build safer cities and thriving communities. For ongoing news, visit http://newsroom.motorolasolutions.com or subscribe to a news feed.

Tennessee Highway Patrol Launches New Statewide Radio Communications System On Time and Within Budget

on Thursday, 15 October 2015. Posted in Two Way Radio Industry News Blog

A Tennessee Department of Safety and Homeland Security and Tennessee Highway Patrol news release

New system enhances communications with partnering agencies, increases public safety

NASHVILLE- Department of Safety and Homeland Security Commissioner Bill Gibbons and Tennessee Highway Patrol (THP) Colonel Tracy Trott on Wednesday announced the completion of a new statewide radio communications system that will enhance the safety of the public and state troopers and increase efficiency between public safety agencies.

The statewide radio system, engineered by Motorola Solutions and Buford Goff and Associates (BGA), was completed on time and within budget.

Replacing a system that was nearly 40 years old, the new interoperable radio system provides enhanced communications between state troopers and dispatchers as well as the THP and partnering public safety agencies.

“We are proud of the implementation of the radio system and the exceptional capabilities that it provides to help make Tennessee safer,” Commissioner Gibbons said. “The radio communications system has already proven to be an invaluable tool that enables law enforcement and public safety agencies to communicate in real time.”

At the request of Gov. Bill Haslam, the General Assembly appropriated a total of $120 million for the new radio system. The original partners with the THP for the new system were the Department of Correction and the Tennessee Valley Regional Communications System in the Chattanooga area. Other partners now include Tennessee Emergency Management Agency (TEMA), Tennessee Wildlife Resources Agency (TWRA), Sullivan County, and the cities of Smyrna and Johnson City. The Department of Transportation (TDOT) has purchased the equipment and will soon join the system.

“During the horrific active shooter incident last July in Chattanooga, emergency officials from numerous public safety agencies responding to the various scenes were able to clearly and immediately communicate with one another,” Colonel Trott said. “This allowed the THP command staff to monitor the situation from Nashville and quickly deploy the necessary resources needed in Chattanooga. I believe the real time communication contributed to the swift response of first responders and possibly saved countless lives.”

Motorola Solutions and BGA worked diligently to meet the stringent requirements that were demanded of the system. Due to the careful planning and implementation of the project, Tennessee now has the most advanced radio communications system available that requires one push of a button.

“Tennessee Highway Patrol’s use of Motorola Solutions’ ASTRO 25 mission-critical communications across all eight districts means troopers throughout the state are now able to communicate clearly and effectively with other first responders in Tennessee and neighboring states,” said Marshall Wright, vice president of sales, Motorola Solutions. “Seamless, interoperable communications between agencies is helping improve safety and efficiency for first responders in large-scale events as well as daily emergencies in every corner of the state of Tennessee.”

In addition to the current partners, the Department of Safety and Homeland Security encourages other agencies or jurisdictions to become members of the statewide interoperable radio communications system to even further enhance public safety in Tennessee.

The Tennessee Department of Safety and Homeland Security’s (www.TN.Gov/safety) mission is to serve, secure, and protect the people of Tennessee.

Motorola Solutions Joins Fight against Pirates and Smugglers in Seychelles

on Tuesday, 06 October 2015. Posted in Two Way Radio Industry News Blog

Seychelles Police choose innovative mission-critical communications technology from Motorola Solutions to support public safety across 115 islands and Indian Ocean
 

MOTOTRBO radio communications network will improve real-time communications helping police respond to organized crime
New radio network is first to cover the demanding geography of the 115 islands in the Seychelles, as well as surrounding areas of Indian Ocean
Advanced location-based services improve officer safety and efficiency
Basingstoke, UK, Oct. 6, 2015 – The Seychelles islands face the threat of pirates hijacking local fishing boats and organized crime gangs using the many isolated beaches to traffic illegal drugs. To equip police with real-time information to fight against crime, the Government of the Republic of Seychelles has deployed a Motorola Solutions (NYSE: MSI) MOTOTRBO digital radio system to enhance police communications.
 
The communications network will be the first to cover the demanding geography of the Seychelles’ 115 islands and surrounding areas in the Indian Ocean, enabling improved dispatch of officers across land and sea for rapid and effective response to criminal activities.
 
Joel Morgan, Minister for Home Affairs and Transport, The Seychelles said: “The deployment of this network is a milestone in the history of our police force, another big step forward in its quest toward modernization and a big boost to its general field operations.”
 
Patrolling the region has been an ongoing challenge for the police force where mountainous island terrain severely disrupts analogue radio and cellular communications coverage. Designed and installed by Communication Specialists Limited (Comm-Spec), the reach of the new digital radio network was extended with MOTOTRBO DR 3000 repeaters. These provide more than 30,000 square kilometers of radio coverage, blanketing the islands and surrounding ocean for the first time.
 
“By deploying a dedicated MOTOTRBO integrated digital radio network the police now have access to real-time communications that provide a seamless, reliable, scalable and secure alternative to the islands’ previously inconsistent analogue radio and cellular networks,” says Tim Clark, director, sales channel products & programmes, Europe and Africa, Motorola Solutions.

The investment in the digital radio system is also helping to reduce unplanned costs for the Seychelles Police. Previously, when analogue radios failed to connect, police officers would rely on personal cell phones to make calls to headquarters, despite often poor cellular coverage and high call costs incurred by the officers and the department. With digital radio connectivity assured throughout the Seychelles, officers can now depend on their MOTOTRBO radios to stay in contact.
 
The MOTOTRBO radio system now connects more than 800 police officers with dispatch at Police Headquarters in the Islands’ capital, Victoria. The MOTOTRBO DP3601 portable two-way radios deliver reliable integrated data communications and enhanced voice capability for Seychelles police officers. Comm-Spec also introduced the Very High Frequency (VHF) version of the MOTOTRBO DP4801 to the force’s radio fleet delivering best-in-class audio with integrated Global Positioning System (GPS). Police vehicles were installed with MOTOTRBO DM4401 mobile radios.

All radios deliver advanced location-based services, including geo-fencing, enabling the control centre to track, monitor and, should an officer’s status unexpectedly change, respond quickly throughout the islands. Using the TRBOnet Communication System, an application developed specifically for public safety dispatch centers, the Seychelles Police are also able to link multiple agencies or departments at the touch of a button, making response during emergency situations quick and effective.

Mayor Emanuel and Motorola Solutions Announce Relocation of Global Headquarters to Chicago

on Wednesday, 16 September 2015. Posted in Two Way Radio Industry News Blog

Company will have more than 1,100 employees in the city of Chicago; Motorola Solutions is the 36th company to locate its headquarters in Chicago since 2011

Chicago – Sept. 15, 2015 – Mayor Rahm Emanuel and Motorola Solutions (NYSE: MSI), the leading global provider of innovative mission-critical communications solutions for public safety and commercial customers, today announced that the company will relocate its global headquarters from Schaumburg, Ill., to Chicago.

The company, which will have over 1,100 employees working in the City of Chicago, will move into 150,000 square feet of space on six floors at 500 W. Monroe St. in the summer of 2016. This move marks a return to Chicago for the company, which was founded in 1928 on Harrison Street.

“With this move, Motorola Solutions not only returns to its Chicago roots, but the company is doubling down on Chicago’s future,” said Mayor Emanuel. “The company will add hundreds of jobs to our city’s growing technology industry and gain the access to talent that they need for the future we are all building here, in Chicago.”

Approximately 800 employees will be located at the new downtown headquarters as well as the company’s customer briefing center. The Chicago office will include a range of positions including the company’s ventures group, the chief technology office, information technology and software engineering. Motorola Solutions also will maintain its current Americas Sales Headquarters at 224 S. Michigan Ave., occupying a 46,000-square-foot space with approximately 300 employees.

“Our company began in this city 87 years ago, and today we’re pleased to announce that our headquarters is coming home,” said Greg Brown, chairman and CEO of Motorola Solutions. “This is another transformative step in ensuring a future of continued innovation, and will provide us with greater access to high-tech talent.”

The new Chicago office will provide Motorola Solutions’ Chicago-area employees with new, modern workspaces that spark innovation, collaboration and creativity. It also provides the company with direct access to software talent such as data scientists, user experience designers, interface designers and software developers, that are critical to its future success.

Motorola Solutions will continue to have a significant presence in Schaumburg, with approximately 1,600 employees on its current campus. The company’s manufacturing and delivery operations will move to Elgin, Ill., and it plans to sell the unused real estate on its 277-acre Schaumburg campus for redevelopment.

 

Motorola Solutions Announces Final Results of $2 Billion Tender Offer

on Friday, 11 September 2015. Posted in Two Way Radio Industry News Blog

Company Will Acquire 30,075,146 Shares at $66.50 Per Share

SCHAUMBURG, Ill. – Sept. 10, 2015 – Motorola Solutions (NYSE: MSI) announced today the final results of its modified “Dutch Auction” tender offer, which expired at midnight, Eastern Daylight time, at the end of the day on Thursday, Sept. 3, 2015.

Based on the final count by the depositary for the tender offer, Motorola Solutions accepted for payment an aggregate of 30,075,146 shares at a purchase price of $66.50 per share. Because the number of shares tendered at or below the $66.50 purchase price (or by shareholders electing to tender at the ultimate purchase price determined under the tender offer terms) exceeded the amount that Motorola Solutions offered to purchase, the resulting proration factor, after giving effect to the priority for “odd lots,” was approximately 95 percent. The depositary will promptly pay for all the shares accepted for purchase and will return all other shares tendered.

The tender offer was made pursuant to Motorola Solutions’ Offer to Purchase dated Aug. 7, 2015, and the related Letter of Transmittal, in which the company offered to purchase up to $2 billion of shares of its common stock at a price per share not less than $61.00 and not greater than $66.50, which documents were filed with the Securities and Exchange Commission on Aug. 7, 2015.

Motorola Solutions may purchase additional shares in the future in the open market subject to market conditions and private transactions, tender offers or otherwise. Under applicable securities laws, however, Motorola Solutions may not repurchase any shares until Sept. 21, 2015. Whether Motorola Solutions makes additional repurchases in the future will depend on many factors, including but not limited to its business and financial performance, the business and market conditions at the time, including the price of the shares, and other factors Motorola Solutions considers relevant.

Goldman, Sachs & Co. and J.P. Morgan are the dealer managers for the tender offer and Alliance Advisors LLC is the information agent. The depositary is Wells Fargo Bank, N.A. Wachtell, Lipton, Rosen & Katz is Motorola Solutions’ legal counsel for the tender offer. Any questions regarding the tender offer may be directed to the information agent toll-free at 855-737-3180.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable federal securities law, and generally includes words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to statements relating to the company’s intention to repurchase shares. Motorola Solutions cautions the reader that the risk factors below, as well as those on pages 9 through 20 in Item 1A of Motorola Solutions, Inc.’s 2014 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com, could cause Motorola Solutions’ actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to: (1) the economic outlook for the government communications industry; (2) the impact of foreign currency fluctuations on the company; (3) the level of demand for the company’s products; (4) the company’s ability to introduce new products and technologies in a timely manner; (5) negative impact on the company’s business from global economic and political conditions, which may include: (i) continued deferment or cancellation of purchase orders by customers; (ii) the inability of customers to obtain financing for purchases of the company’s products; (iii) increased demand to provide vendor financing to customers; (iv) increased financial pressures on third-party dealers, distributors and retailers; (v) the viability of the company’s suppliers that may no longer have access to necessary financing; (vi) counterparty failures negatively impacting the company’s financial position; (vii) changes in the value of investments held by the company’s pension plan and other defined benefit plans, which could impact future required or voluntary pension contributions; and (viii) the company’s ability to access the capital markets on acceptable terms and conditions; (6) the impact of a security breach or other significant disruption in the company’s IT systems, those of its partners or suppliers or those the company sells to or operates or maintains for its customers; (7) the outcome of ongoing and future tax matters; (8) the company’s ability to purchase sufficient materials, parts and components to meet customer demand, particularly in light of global economic conditions and reductions in the company’s purchasing power; (9) risks related to dependence on certain key suppliers, subcontractors, third-party distributors and other representatives; (10) the impact on the company’s performance and financial results from strategic acquisitions or divestitures; (11) risks related to the company’s manufacturing and business operations in foreign countries; (12) the creditworthiness of the company’s customers and distributors, particularly purchasers of large infrastructure systems; (13) exposure under large systems and managed services contracts, including risks related to the fact that certain customers require that the company build, own and operate their systems, often over a multi-year period; (14) the ownership of certain logos, trademarks, trade names and service marks including “MOTOROLA” by Motorola Trademark Holdings, LLC; (15) variability in income received from licensing the company’s intellectual property to others, as well as expenses incurred when the company licenses intellectual property from others; (16) unexpected liabilities or expenses, including unfavorable outcomes to any pending or future litigation or regulatory or similar proceedings; (17) the impact of the percentage of cash and cash equivalents held outside of the United States; (18) the ability of the company to pay future dividends due to possible adverse market conditions or adverse impacts on the company’s cash flow; (19) the ability of the company to repurchase shares under its repurchase program due to possible adverse market conditions or adverse impacts on the company’s cash flow; (20) the impact of changes in governmental policies, laws or regulations; (21) negative consequences from the company’s outsourcing of various activities, including certain business operations, information technology and administrative functions; and (22) the impact of the sale of the company’s enterprise legacy information systems, including components of the enterprise resource planning (ERP) system and the implementation of a new ERP system. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise. 

Motorola Solutions Introduces First Radio Built to Help Families During Emergencies

on Thursday, 10 September 2015. Posted in Two Way Radio Industry News Blog

New TALKABOUT T480 designed specifically for household emergency readiness

New TALKABOUT T480 radio offers emergency preparedness features such as a special alert button, safety whistle, weather alerts, flashlight and always-charged capability in a single device

Weatherproof T480 radios offer easily accessible, always charged two-way communications for severe weather conditions, power outages, other emergencies

SCHAUMBURG, Ill. – Sept. 10, 2015 – As the U.S. recognizes September as National Preparedness Month, Motorola Solutions has introduced the TALKABOUT T480 radio, its first two-way radio specifically designed to help families during emergencies.

When disaster strikes and cellphone towers are down or networks are overloaded and unavailable, the T480 gives families a way to call for help and stay easily connected to neighbors and others in the community. The radios are equipped with innovative emergency functionality and features including:

  • Access to FM and seven National Oceanic and Atmospheric Administration (NOAA) and Environment Canada (EC) weather channels, as well as four very-high-frequency (VHF) channels that receive continuous broadcasts from local and regional weather stations
  • A light-emitting-diode (LED) flashlight that automatically turns on during power outages so users can easily spot the always-charging radio
  • An emergency button that transmits an audible siren as an alert to call for help
  • A safety whistle belt clip that can be used to signal for assistance and for added security
  • A “quiet charge” feature, which means users can opt to charge and still receive weather alerts while not enabling audible two-way radio chatter
  • A wall/desk stand, so it can be placed in an easily accessible location and continuously charging so it has a full battery when needed (it also operates using three standard AA batteries)
  • An International Protection rating of 54 (IP54), a weatherproof standard that certifies the units are designed to withstand rain, snow and other weather hazards.

The T480 can be an important addition to a family’s emergency preparedness kit in the event severe weather situations or emergencies such as floods, tornadoes, wildfires or emergency evacuations should occur. While standard desktop weather radios are helpful at home to monitor National Weather Service broadcasts, they do not feature Family Radio Service and General Mobile Radio Service which are land-mobile radio services available on the T480 designed for short distance, two-way communications between families or designated groups of people in the aftermath of a storm.

Pricing and Availability

The Motorola Solutions TALKABOUT T480 is available now. It has a manufacturer’s suggested retail price (MSRP) of $69.99. Packaging includes one white and red radio, one wall/desk stand, one micro-USB wall charging cable, one belt clip with whistle and one nickel-metal-hydride (NiMH) rechargeable battery pack. Three AA alkaline batteries can also be used and are sold separately.

For a full list of features, videos and additional information on the entire 2015 Motorola TALKABOUT series of radios, please visit http://www.motorolasolutions.com/talkabout. 

Chilean Forests Are Safer with Expansion of Emergency Communications Technology

on Wednesday, 09 September 2015. Posted in Two Way Radio Industry News Blog

Expansion of Chile’s largest private digital radio system will improve security, safety, operational efficiency and environmental impact of Forestal Mininco

SANTIAGO DE CHILE – Sept. 8, 2015 – Motorola Solutions (NYSE: MSI) today announced the expansion of its managed services agreement supporting Forestal Mininco’s mission-critical communications system. The system improves employee safety and security, operational efficiency and Forestal Mininco’s impact on the environment.

The system supports a number of Motorola Solutions’ high-tech innovations, such as the TETRA messaging application, which enables lighthouse keepers to deliver weather data, such as air humidity, wind and rainfall, from radios in the forest to the dispatch center. The data is then analyzed to generate forecasts and statistics, predict the behavior of fires and used to develop action plans.

“As the operations of Forestal Mininco are very diverse and carried out in a rugged landscape, they need to be coordinated. We had to keep improving the technology deployed some years ago. In order to extend coverage, we were looking to seamlessly cover the area between Regions 7 – 9. In addition, thanks to Motorola Solutions technology, we have been improving our communications, which will enable us to enhance operational efficiency and safety,” said Luis Rodriguez, administration manager at Forestal Mininco.

Through the fleet management application, radios in the field can be tracked, improving security in the forest while saving time and fuel, reducing the environmental impact of Forestal Mininco’s operations.

New electronic dispatch guides are bringing another innovation to the forestry industry in Chile. The cranes located in the forest generate the guides, enabling workers to conduct online tracking of materials, from the harvesting of the raw material to the end of the process.

“The managed communication system provided by Motorola Solutions helps our customers reduce their initial capital expenses and avoid errors as it operates with different technology options,” explained Mitchel Zúñiga, services manager at Motorola Solutions for Forestal Mininco Operation. “In cases like Forestal Mininco, we can manage the entire system from initial deployment, and develop it based on their business needs.”

“One of the keys to our success with Mininco has been the investment we’ve made in learning more about forestry industry operations,” Zúñiga added. “During the course of years of collaboration, we gained extended experience in the industry, allowing us to develop innovative solutions that anticipate business needs and make operations both safer and more efficient.”

The Terrestrial Trunked radio (TETRA) system will include 10 new radio frequency sites, new applications and portable devices to increase coverage due to the rugged geography, spanning over 49,000 square kilometers in the areas of Maule, Biobío and La Araucanía. The new solutions include two sites connected to the system via satellite links. These links provide communications in difficult-to-access places and enable mobile coverage, a feature specifically designed to support harvesting tasks in the large areas of the forest.

These enhancements will provide considerable increase in signal coverage and service quality. The renewal of the agreement entered into Motorola Solutions and Forestal Mininco in 2010 includes the extension of coverage with new sites and 2,350 new terminals.

 

Motorola Solutions Announces Preliminary Results of Tender Offer

on Monday, 07 September 2015. Posted in Two Way Radio Industry News Blog

SCHAUMBURG, Ill. – Sept. 4, 2015 – Motorola Solutions (NYSE: MSI) announced today the preliminary results of its modified “Dutch Auction” tender offer, which expired at midnight, Eastern Daylight time, at the end of the day on Thursday, Sept. 3, 2015.

Based on the preliminary count by the depositary for the tender offer, a total of approximately 21.6 million shares of the company’s common stock were properly tendered and not withdrawn at or below a price of $66.50 per share. Additionally, approximately 11.4 million shares were tendered through notice of guaranteed delivery at or below the price of $66.50.

In accordance with the terms and conditions of the tender offer and based on the preliminary count by the depositary, Motorola Solutions expects to accept for payment an aggregate of approximately 30.1 million shares of its common stock at a purchase price of $66.50 per share, for an aggregate cost of approximately $2.0 billion, excluding fees and expenses relating to the tender offer. As such, Motorola Solutions has determined that the preliminary proration factor for the tender offer is approximately 94 percent. These shares represent approximately 14.5 percent of the shares that were outstanding as of Aug. 7, 2015.

The tender offer was made pursuant to Motorola Solutions’ Offer to Purchase dated Aug. 7, 2015, and the related Letter of Transmittal, in which the company offered to purchase up to $2.0 billion of shares of its common stock at a price per share not less than $61.00 and not greater than $66.50, which documents were filed with the Securities and Exchange Commission on Aug. 7, 2015.

The number of shares expected to be purchased in the tender offer and the purchase price per share are preliminary and subject to change. The preliminary information contained in this press release is subject to confirmation by the depositary and is based on the assumption that all shares tendered through notice of guaranteed delivery will be delivered within the three trading day settlement period. The final number of shares to be purchased in the tender offer and the final purchase price per share will be announced following the expiration of the guaranteed delivery period and the completion by the depositary of the confirmation process. Payment for the shares accepted for purchase pursuant to the tender offer, and the return of all other shares tendered and not purchased, will occur promptly thereafter. Payment for shares will be made in cash, without interest.

Motorola Solutions may purchase additional shares in the future in the open market subject to market conditions and private transactions, tender offers or otherwise. Under applicable securities laws, however, Motorola Solutions may not repurchase any shares until Sept. 21, 2015. Whether Motorola Solutions makes additional repurchases in the future will depend on many factors, including but not limited to its business and financial performance, the business and market conditions at the time, including the price of the shares, and other factors Motorola Solutions considers relevant.

Goldman, Sachs & Co. and J.P. Morgan are the dealer managers for the tender offer and Alliance Advisors LLC is the information agent. The depositary is Wells Fargo Bank, N.A. Wachtell, Lipton, Rosen & Katz is Motorola Solutions’ legal counsel for the tender offer.

Any questions regarding the tender offer may be directed to the information agent toll-free at 855-737-3810.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of applicable federal securities law, and generally includes words such as “believes,” “expects,” “intends,” “anticipates,” “estimates” and similar expressions. The company can give no assurance that any actual or future results or events discussed in these statements will be achieved. Any forward-looking statements represent the company’s views only as of today and should not be relied upon as representing the company’s views as of any subsequent date. Readers are cautioned that such forward-looking statements are subject to a variety of risks and uncertainties that could cause the company’s actual results to differ materially from the statements contained in this release. Such forward-looking statements include, but are not limited to statements relating to the preliminary results of the tender offer and the company’s intention to repurchase shares. Motorola Solutions cautions the reader that the risk factors below, as well as those on pages 9 through 20 in Item 1A of Motorola Solutions, Inc.’s 2014 Annual Report on Form 10-K and in its other SEC filings available for free on the SEC’s website at www.sec.gov and on Motorola Solutions’ website at www.motorolasolutions.com, could cause Motorola Solutions’ actual results to differ materially from those estimated or predicted in the forward-looking statements. Many of these risks and uncertainties cannot be controlled by Motorola Solutions and factors that may impact forward-looking statements include, but are not limited to: (1) the economic outlook for the government communications industry; (2) the impact of foreign currency fluctuations on the company; (3) the level of demand for the company’s products; (4) the company’s ability to introduce new products and technologies in a timely manner; (5) negative impact on the company’s business from global economic and political conditions, which may include: (i) continued deferment or cancellation of purchase orders by customers; (ii) the inability of customers to obtain financing for purchases of the company’s products; (iii) increased demand to provide vendor financing to customers; (iv) increased financial pressures on third-party dealers, distributors and retailers; (v) the viability of the company’s suppliers that may no longer have access to necessary financing; (vi) counterparty failures negatively impacting the company’s financial position; (vii) changes in the value of investments held by the company’s pension plan and other defined benefit plans, which could impact future required or voluntary pension contributions; and (viii) the company’s ability to access the capital markets on acceptable terms and conditions; (6) the impact of a security breach or other significant disruption in the company’s IT systems, those of its partners or suppliers or those the company sells to or operates or maintains for its customers; (7) the outcome of ongoing and future tax matters; (8) the company’s ability to purchase sufficient materials, parts and components to meet customer demand, particularly in light of global economic conditions and reductions in the company’s purchasing power; (9) risks related to dependence on certain key suppliers, subcontractors, third-party distributors and other representatives; (10) the impact on the company’s performance and financial results from strategic acquisitions or divestitures; (11) risks related to the company’s manufacturing and business operations in foreign countries; (12) the creditworthiness of the company’s customers and distributors, particularly purchasers of large infrastructure systems; (13) exposure under large systems and managed services contracts, including risks related to the fact that certain customers require that the company build, own and operate their systems, often over a multi-year period; (14) the ownership of certain logos, trademarks, trade names and service marks including “MOTOROLA” by Motorola Trademark Holdings, LLC; (15) variability in income received from licensing the company’s intellectual property to others, as well as expenses incurred when the company licenses intellectual property from others; (16) unexpected liabilities or expenses, including unfavorable outcomes to any pending or future litigation or regulatory or similar proceedings; (17) the impact of the percentage of cash and cash equivalents held outside of the United States; (18) the ability of the company to pay future dividends due to possible adverse market conditions or adverse impacts on the company’s cash flow; (19) the ability of the company to repurchase shares under its repurchase program due to possible adverse market conditions or adverse impacts on the company’s cash flow; (20) the impact of changes in governmental policies, laws or regulations; (21) negative consequences from the company’s outsourcing of various activities, including certain business operations, information technology and administrative functions; and (22) the impact of the sale of the company’s enterprise legacy information systems, including components of the enterprise resource planning (ERP) system and the implementation of a new ERP system, and (23) the final amount of the tender offer for the Company’s shares. Motorola Solutions undertakes no obligation to publicly update any forward-looking statement or risk factor, whether as a result of new information, future events or otherwise. 

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