Shares of MDI Inc. (Nasdaq: MDII) jumped up today after news of the deal with Nortel Networks Corp. (NYSE: NT) was announced early this morning. MDII was up 19 cents (15 percent) at $1.40 per share on volume of 742,645.
The company entered into a business agreement designed to promote Nortel’s comprehensive network communications and information security solutions together with MDII’s unified security technology solutions across multiple vertical markets.
Nortel will leverage existing global sales channels and business development resources to promote the MDII product line. Nortel is the exclusive systems integrator for the Learn Safe school safety and security program, providing best-in-class technology products and services focused on network infrastructure, information security, Internet content management and wireless communications.
“This relationship immediately expands Nortel’s market capabilities in the security industry by bringing in the MDI platform as part of the Nortel solutions portfolio,” said Rod Wallace – general manager, Security Solutions, Nortel – in a press release.
The Learn Safe program offers a variety of security core competencies to educational institutions across the U.S. The program identifies problems faced by teachers and administrators in a format that is tailored to each locality and strives to minimize the visible infrastructure usually associated with traditional high-security systems (i.e., detectors, physical screening and armed security officers).
“Nortel is a proven technology leader that will provide critical network and security components in the successful deployment of the Learn Safe program,” stated J. Collier Sparks – president and CEO of MDII – in a press release.
MDII manufactures security technology solutions designed to protect people, facilities and assets. These solutions are unified by ONE Technology. ONE Technology unifies security point products, systems and subsystems into a common management platform. The MDII product family currently protects over 8 million alarm points across the globe for many of the world’s most recognized organizations including Microsoft, MBNA Worldwide, John Deere, Pepsi, FBI, TSA, Fidelity Investments, Bureau of Engraving & Printing, American Express, Department of Defense, IRS, Disney, Smithsonian Institution and MIT to name a few.
