Sentry Technology Announces Milestone in New System Development
25 Ottobre 2010 - 2:01PM
Sentry Technology Corporation (Pink Sheets:SKVY) announced today,
the successful development of a track prototype as part of an
entirely new version of its SmartTrack™ traveling camera system.
The track is smaller and lighter than the current design and will
allow the camera carriage to travel along curves and around
corners. SmartTrack™ has been sold primarily in big box retail and
distribution centers where it is serving six of the world's ten
largest retailers. The size and cost structure of the new track
system is targeted toward a much larger market in food, drug and
general merchandise stores. The electronics are in the design phase
and will include features to augment the value of Sentry's
OperationalVideo™ software as a service platform, for in-store
product audits, as well as safety and security management. The
system is expected to be released in the later part of the first
quarter of 2011.
"We are excited by the new track prototype," said Peter L.
Murdoch, President and CEO of Sentry Technology Corporation.
"Traveling around corners and features such as digital video will
open a very large market for our new product. Over recent years we
have proven the quality and reliability of our SmartTrack™ design
with retailers around the world. The sale of the new system will
benefit from relationships directly with leading retailers as well
as our many distribution partners worldwide. In particular, some of
our largest customers have expressed interest in growing the use of
traveling video at a lower price point. We expect the new design
will add significant new revenue opportunities in 2011 and
beyond."
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 SentryVisionâ,
SmartTrack™, 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
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.
CONTACT: Sentry Technology Corporation
Peter L. Murdoch, President & CEO
(631) 739-2100
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