Copper theft continues to escalate, offering security dealers opportunities.
Rising theft of copper from construction sites, unoccupied, and even inhabited, buildings has been spotlighted for a few years as an opportunity for installing security companies. Today, lingering recession effects combined with the conductive, noncorrosive metal expected to hit an all-time high of more than $5 per pound in 2011 is continuing to drive this criminal activity. The topic has captured the attention of mainstream media as evidenced by this week's cover story in Bloomberg Businessweek magazine.
The article, titled "The Great Copper Heist," is quite in-depth and toward the end brings video intrusion detection manufacturer Videofied and dealer SNC Security into the story. Companies looking to break into this niche would do well to use this article as one of their sales tools to illustrate the need and how they can help provide a solution.
Here is an excerpt from the article:
In 2006, AT&T partnered with a copper-specific video alarm company in Dallas called Videofied. When tripped, a battery operated camera sends 10 seconds of video footage to officers over a cell signal. It can operate even if the power and phone lines are cut.
Mike Korbuly, vice-president of SNC Security, who responds to incidents in Dallas for Videofied, has caught bad guys carrying their own cell tower maps, a takeoff on the foreclosure list treasure-hunting scheme. Standing beneath a cell tower in the middle of a field in north Dallas recently, Korbuly notices the ultimate endorsement. The grounding wires for two other cell companies located at the tower are missing. His are not. "People are starting to learn that AT&T is protected," he says, eyeing an empty beer can the thieves might have left behind. That's helped AT&T reduce service cuts by 75 percent nationwide in 2009. In 2008 those incidents cost $7.3 million, vs. $2.2 million in 2009. Another Dallas company, CopperWatcher, provides air-conditioning unit alarm systems that trip if there are spikes in voltage, a telltale sign of tampering.
To read the complete article, go here.
Scott Goldfine
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