Sentry Technology Signs Contract With Tyco Safety Products
December 03 2009 - 9:00AM
PR Newswire (US)
RONKONKOMA, N.Y., Dec. 3 /PRNewswire-FirstCall/ -- Sentry
Technology Corporation (Pink Sheets: SKVY) announced today, the
signing of a contract with Thorn Security Limited, trading as Tyco
Safety Products and Sensormatic European Distribution Limited, to
sell an OEM version of the SentryVision® SmartTrack(TM) traveling
camera system through offices located in Europe, the Middle East
and Africa. The agreement also grants Tyco the right to sell
Sentry's product in other markets around the world. SmartTrack(TM)
uses patented technology to transmit video images from one or two
pan, tilt and zoom cameras traveling along a ceiling mounted rail.
The camera carriage travels at high speeds and provides
unobstructed views of people, goods and processes. The Company has
more than 2,500 systems installed worldwide primarily in leading
retailers, distribution centers and courier companies. "We are
pleased to partner with Tyco to help grow our worldwide sales of
SmartTrack(TM) systems," said Peter L. Murdoch, President and CEO
of Sentry Technology Corporation. "The Tyco OEM version of
SmartTrack(TM) will be sold primarily to its large base of retail
customers beginning in early 2010. We anticipate that sales through
the Tyco network will double our annual SmartTrack(TM) volume
representing a significant revenue increase." ABOUT TYCO SAFETY
PRODUCTS Tyco Safety Products is a division of Tyco International.
Their businesses design, manufacture and sell products across three
key platforms: electronic security, life safety and fire
suppression. With 2007 revenues of more than $3 billion, their
diverse product lines comprise access control, video management
systems, intrusion security, electronic fire detection, electronic
article surveillance, RFID, breathing apparatuses and chemical and
water fire suppression solutions. With 38 manufacturing facilities
worldwide and more than 10,000 employees, the company serves
customers in more than 100 countries and provide safety and
security for people around the world every day. Tyco sells its
safety and security products through a global network of sales
channels, business partners and equipment integrators, and the
company's industry-leading brands are recognized globally. Click on
our brands below for more product and service information. More
information can be found at http://www.tyco.com/. ABOUT SENTRY
TECHNOLOGY CORPORATION Sentry Technology Corporation designs,
manufactures, sells and installs a complete line of Closed Circuit
Television (CCTV) solutions, Electro-Magnetic (EM) and RFID based
Library Management systems as well as Radio Frequency (RF) and
Electro-Magnetic (EM) EAS systems. Our CCTV product line features
SentryVision, SmartTrack(TM), a proprietary, patented traveling
Surveillance System. Products are used by libraries to secure
inventory and improve operating efficiency, by retailers to deter
shoplifting and internal theft and by industrial and institutional
customers to protect assets and people. More information can be
found at http://www.sentrytechnology.com/. This press release may
include information that could constitute forward-looking
statements made pursuant to the safe harbor provision of the
Private Securities Litigation Reform Act of 1995. Any such
forward-looking statements may involve risk and uncertainties that
could cause actual results to differ materially from any future
results encompassed within the forward-looking statements. Factors
that could cause or contribute to such differences include those
matters disclosed in the Company's Securities and Exchange
Commission filings. DATASOURCE: Sentry Technology Corporation
CONTACT: Peter L. Murdoch, President & CEO of Sentry Technology
Corporation, +1-631-739-2100 Web Site:
http://www.sentrytechnology.com/ Company News On-Call:
http://www.prnewswire.com/comp/494538.html
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