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October 13, 2015 6:25 PM ET

Commercial Services and Supplies

Company Overview of CPI Security Systems, Inc.

Company Overview

CPI Security Systems, Inc. designs, installs, monitors, and services security systems for families and businesses in North and South Carolina. It provides inTouch, a security system that allows to remotely monitor activity at home or business; inTouch Video, which enables to see what's going on at home or in the office; Real Time Response, a technology that provides instant contact with a trained professional without having to access a phone; energy management; fire and carbon monoxide detection; interior intrusion protection; perimeter intrusion protection; water leak; 24-hour monitoring; medical assistance; intercom and central vac systems; wiring; audio/video; video surveillance systems; ...

4200 Sandy Porter Road

Charlotte, NC 28273

United States

Founded in 1976





Key Executives for CPI Security Systems, Inc.

Age: 56
Compensation as of Fiscal Year 2015.

CPI Security Systems, Inc. Key Developments

Revolutionary Concepts, Inc. and EyeTalk365 LLC Reaches and Executes Settlement and License Agreement with CPI Security Systems, Inc. and LiveWatch Security, LLC

Revolutionary Concepts, Inc. informed by EyeTalk365 LLC in the matters of Eyetalk 365's complaints alleging patent infringement against each of CPI Security Systems, Inc. (CPI), Case No. 3:14-cv-526 and LiveWatch Security, LLC (LiveWatch), Case No. 3:14-cv-527, both pending in the United States District Court for the Western District of North Carolina, EyeTalk365 and the company have reached and executed a settlement and license agreement with Livewatch and CPI,in which no parties make any admissions of wrongdoing, but in which the parties reach a compromise enabling the litigation to be resolved and voluntarily dismissed. The court hearing these cases has been notified and motions to dismiss both actions have been filed. The court docket was to have reflected this publicly no later than midnight August 28, 2015.

CPI Security Expands its Corporate Headquarters and Plans to Hire an Additional 300 Employees over the Next Two Years

CPI Security announced that it is expanding its corporate headquarters and plans to hire an additional 300 employees over the next two years. CPI is hosting a groundbreaking ceremony for a new 120,000-square-foot building that will be constructed next to its headquarters on Sandy Porter Road, adjacent to interstate 485, in southwest Charlotte. The new building will house training facilities, research and development and the company’s central station, which monitors alarm events. The company also plans to build a fitness center, a dining facility and other amenities. CPI is building the new facility to accommodate its growing headcount. The company currently has 540 employees and expects to add 300 over the next two years.

Eyetalk365, LLC Files Suit Against AlarmForce NC, Inc., AlarmForce LP, CPI Security Systems, Inc., LiveWatch Security, LLC and Protect America, Inc

Revolutionary Concepts Inc. announced that its global licensee Eyetalk365, LLC, filed complaints in the United States District Court for the Western District of North Carolina, Charlotte Division, against four separate companies, alleging patent infringement against Revolutionary's intellectual property. Eyetalk365, LLC is the global licensee for Revolutionary's patents and has filed the complaints. Notification of the filing of the complaints was filed with the SEC on a Form 8-K Report on September 22, 2014. The complaints were filed separately against AlarmForce NC, Inc., and AlarmForce LP, CPI Security Systems, Inc., LiveWatch Security, LLC and Protect America, Inc., as Defendants.

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