RONKONKOMA, N.Y., Sept. 10 /PRNewswire-FirstCall/ -- Sentry Technology
Corporation (OTC Bulletin Board: SKVY) announced today that its majority owned
subsidiary, Custom Security Industries Inc. (CSI), has received a large
contract from a resale partner valued at more than $1,000,000, to supply a new
version of Combitag(TM). Combitag(TM) is an Electronic Article Surveillance
(EAS) source tagging product designed to protect consumer products in the
multimedia industry. This new tag offers substantial cost savings to
packagers who wish to source tag while avoiding the cost of maintaining
inventories caused by multiple EAS technologies. Combitag(TM) combines the
sensors manufactured by the two major EAS technology suppliers into one easy
to apply label. The product is now providing enhanced security for some of the
largest U.S. mass merchant retailers selling multimedia products.
Introduced in the second half of 2003, sales of Combitag(TM) are projected
to exceed 35 million units this year and to double in 2005. CSI is currently
expanding production capacity by 50% to meet the increased demand.
CSI is also engaged in new product development programs with links to
government and universities. Products from these efforts include a recently
released two dimensional security tag for DVD protection in libraries and a
patented product authentication technology that will be available in 2005 to
serve the multibillion dollar authentication market.
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 SentryVision(R) SmartTrack system, 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 Company's acquisition of ID
Systems expands the Company's product offering to include library security and
management tools, 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
 back to top
Related links:
http://www.sentrytechnology.com
Company News On-Call:
http://www.prnewswire.com/comp/494538.html
CONTACT:
Peter Murdoch, President and CEO of Sentry
Technology Corporation, +1-631-739-2000
|
