RONKONKOMA, N.Y., Jan. 24 /PRNewswire-FirstCall/ -- Sentry Technology
Corporation (OTC Bulletin Board: SKVY) announced today the change in the name
of three of its wholly owned subsidiaries, ID Systems USA Inc., ID Security
Systems Canada Inc. and Knogo North America Inc., to Sentry Technology USA
Inc., Sentry Technology Canada Inc. and Sentry Technology Corporation,
respectively. As part of an ongoing effort to consolidate operations and to
better focus market presence, all ID Systems, Knogo and Sentry product lines
will be sold under the Sentry Technology name and corporate logo.
"Following the acquisition of the ID Systems group by Sentry Technology
Corporation in 2004, sales representatives have been trained on the product
lines of all companies," said Peter L. Murdoch, President and CEO of Sentry
Technology Corporation. "We have chosen Sentry Technology as the single trade
name to grow the combined businesses and believe we can build better market
recognition by concentrating on a single brand strategy."
In other business, Lowe's Home Centers, Sentry's largest customer, has
selected one of the Company's competitors as the single vendor to service CCTV
equipment installed in its stores. Sentry expects to continue as a Lowe's
supplier, selling its SentryVision(R) SmartTrack traveling camera system. The
Lowe's maintenance agreement was approximately $850,000 of Sentry's total
revenue in 2004.
Sentry Technology Corporation designs, manufactures, sells and installs a
complete line of Radio Frequency (RF) and Electro-Magnetic (EM) EAS systems
and Closed Circuit Television (CCTV) solutions. The CCTV product line
features the proprietary SentryVision(R) SmartTrack patented traveling
Surveillance System. The Company's products are used by retailers to deter
shoplifting and internal theft and by industrial and institutional customers
to protect assets and people. The Company's acquisition of ID Systems expands
the Company's product offering to include proximity Access Control and Radio
Frequency Identification (RFID) solutions. For further information, please
visit our website 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.
SOURCE Sentry Technology Corporation
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Related links:
http://www.sentrytechnology.com
Company News On-Call:
http://www.prnewswire.com/comp/494538.html
CONTACT:
Peter Murdoch, President & CEO of Sentry
Technology Corporation, +1-631-739-2000
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