The company was founded in Waterbury, Connecticut by Charles Warner, the pioneer of the electric clock.
Standard quickly became known for its electric clock systems, which were often installed in schools, universities, and other public buildings.
During this period, the company modernized its fire alarm division with the SET/7000, a modular solid-state conventional panel, and later with the SET/7500, a 250-zone multiplex panel in console form that could control fire alarm, security, and building automation systems, along with their light plates and remote lights.
In 1981, Faraday downsized the company substantially, closing all divisions except for standard electric time, and moved it to Tecumseh, Michigan.
Faraday is now owned by Siemens, and a small branch office still remains in Springfield.