Dec 4 2009
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."
Source: http://www.sentrytechnology.com/