Home  News and Events Press Releases 2004
SimplexGrinnell Leasing Program Makes Fire Sprinkler Systems More Affordable for Rhode Island Nightclubs
Lease Finance Offer Comes As Businesses Gear Up to Comply With Requirements of New Fire Safety Law
WESTMINSTER, Massachusetts (Feb. 18, 2004) - Recognizing the potential financial burden of complying with Rhode Island's comprehensive fire safety act, SimplexGrinnell is offering nightclubs and other businesses special opportunities that allow the fire sprinkler systems required under the strict new law to be leased rather than purchased outright.
SimplexGrinnell, a business unit of Tyco Fire & Security and a leader in fire protection and life safety, can in some cases lease 100% of the project cost, including equipment, installation, maintenance, monitoring and training. The SimplexGrinnell agreements work much like other equipment leases, with the customer making monthly payments according to a pre-determined, mutually agreeable schedule.
The Comprehensive Fire Safety Act of 2003 reflects the work of a 21-member commission that was appointed following the tragic fire at The Station nightclub in West Warwick, Rhode Island. The new law takes effect on Feb. 20, the one-year anniversary of the nightclub fire that killed 100 people and injured about 200 others. Recent news reports out of Rhode Island have indicated that one of the compliance challenges facing small businesses is the cost of installing or upgrading fire sprinkler systems in accordance with the new law.
Making Compliance Easier
"We understand the importance of this law and the critical role it will play in reducing the risk of death, injury and property damage from catastrophic fires," says Dave Baer, Vice President of Sales and Marketing at SimplexGrinnell. "At the same time, we know that the cost of compliance can be an issue in some instances. That's why we're making this leasing option available to Rhode Island businesses. We're committed to working with customers on an individual basis to find the most practical and affordable way to get the necessary fire safety systems in place."
SimplexGrinnell's local office in Providence, R.I., is fielding many calls and providing consultation to numerous businesses that are preparing to comply with the law. "In these Rhode Island venues, the leasing program is an option that will enable customers to get the systems and services they need, without straining their capital resources," Baer says. "Our ability to combine equipment, service and monitoring into an overall leasing agreement can be very beneficial. It means one monthly payment can cover a total safety solution."
The Law's Sprinkler Requirements
The Station was not equipped with a sprinkler system when pyrotechnics set off by a band performing at the nightclub ignited soundproofing foam near the stage. The Rhode Island law bans pyrotechnics in most buildings, requires sprinklers for nightclubs with maximum occupancies exceeding 150, and eliminates a grandfather clause that had enabled older buildings to avoid some code requirements. The new sprinkler requirements are being phased in over two years. Nightclubs with maximum occupancies from 150 to 300 have until July 1, 2006 to install sprinklers. Larger clubs must install them by July 1, 2005. Clubs with capacities above 150 will also need exit signs near the floor, to guide customers and employees if the building fills with smoke. The law also requires fire alarm system communication with the local fire department and gives more authority to the state fire marshal's office and local authorities.
About SimplexGrinnell
SimplexGrinnell LP, a business unit of Tyco Fire & Security, is a leading provider of fire alarm, fire sprinkler, fire suppression and integrated security systems and services. SimplexGrinnell delivers single-source solutions using its comprehensive portfolio of high-quality products and services. The Simplex® and Grinnell® product lines being sold, delivered and serviced by SimplexGrinnell include: fire detection and alarm systems; fire sprinkler systems; fire extinguishers and pumps; restaurant fire suppression systems; Special Hazards fire protection systems; integrated security systems; emergency lighting; healthcare communication systems; and integrated sound, intercom and telephone systems. SimplexGrinnell serves its customers through a network of company-owned district offices that covers all of North America. The SimplexGrinnell district offices also provide 24/7 emergency services. For additional information or to locate the nearest SimplexGrinnell district office, visit www.simplexgrinnell.com.
About Tyco Fire & Security
Tyco Fire & Security, a major business segment of Tyco International Ltd., designs, manufactures, installs and services electronic security systems, fire protection, detection and suppression systems. With $10 billion in annual sales and more than 100,000 employees, Tyco Fire and Security includes more than 60 brands, which are represented in over 100 countries. Its products are used to safeguard firefighters, prevent and fight fires, deter thieves and protect people and property.
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Copyright © 2004 SimplexGrinnell LP. All rights reserved.
Tyco, Simplex and Grinnell are trademarks of Tyco International Services AG or its affiliates. |
FOR IMMEDIATE RELEASE
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CONTACT: Mary Harrington
Account Manager
Marketing Communications
SimplexGrinnell
Tel: (978) 731-7184
mharrington@tycoint.com
Chris Woodcock
Director, Marketing Communications
SimplexGrinnell
Tel: 978-731-7052
chwoodcock@tycoint.com
Deb Coller
Tyco Fire & Security
Tel: 561-988-7035
dcoller@tycoint.com
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