HAUPPAUGE, N.Y., July 1 /PRNewswire-FirstCall/ -- Sentry Technology
Corporation (OTC Bulletin Board: SKVY) announced today, major retail chains
including Carrefour, Target and Lowe's Home Improvement Warehouse have placed
recent orders totaling in excess of $1,600,000. Carrefour, through the
Company's Mexican distributor Exaqt, continues to purchase Sentry EAS and
SmartTrack traveling CCTV systems. Target, through Benson Systems, one of
Sentry's leading integration partners, will install SmartTrack in Target's
Virginia distribution center following the success of SmartTrack in Target's
Tyler, Texas location. Lowe's awarded Sentry a contract for approximately
$1 million to service SentryVision(R) and other CCTV equipment installed in
hundreds of Lowe's locations nationwide. In addition to these orders, the
Company has been selected by Lowe's to install CCTV systems in 36 stores
opening in the second half of 2002 and early in 2003.
"We are particularly pleased that major customers have selected Sentry as
a continuing supplier of our security products and services," said Peter L.
Murdoch, President and CEO of Sentry Technology Corporation. "Being chosen by
some of the world's largest retailers confirms for us that our products are
meeting customer needs and our service model is delivering results in a
demanding competitive environment."
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
SentryVision(R), a proprietary, 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 recent partnership with Dialoc ID Holdings B.V. expands the
Company's product offering to include RFID and proximity Access Control
solutions. For further information please visit our website at
http://www.sentrytechnology.com.
Information contained in this release contains "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995 which can be identified by the use of forward-looking terminology such
as "believes," "expects," "may," "will," "should" or "anticipates" or the
negative thereof, other variations thereon or comparable terminology, or by
discussions of strategy. These forward-looking statements involve certain
significant risks and uncertainties, and actual results may differ materially
from the forward-looking statements. For further details and discussion of
these risks and uncertainties see Sentry Technology Corporation's SEC filings
including, but not limited to, its annual report on Form 10-K. No assurance
can be given that future results covered by the forward-looking statements
will be achieved, and other factors could also cause actual results to vary
materially from the future results covered in such forward-looking statements.
The Company does not undertake to publicly update or revise any of its
forward-looking statements even if experience or future changes show that the
indicated results or events will not be realized.
CONTACT: John Whiteman
Sr. VP Sales & Marketing
(631) 232-2100
SOURCE Sentry Technology Corporation
 back to top
Related links:
http://www.sentrytechnology.com
Company News On-Call:
http://www.prnewswire.com/comp/494538.html
CONTACT:
John Whiteman, Sr. VP Sales & Marketing of
Sentry Technology Corporation, +1-631-232-2100
|
