News Release
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Press Release - August 2, 1999

Published on: Mar 4, 2016
Published in: Business      Technology      

Transcripts - Press Release - August 2, 1999

  • 1. News Release FOR IMMEDIATE RELEASE CONTACT: Peter L. Murdoch President & CEO (631) 739-2100 Sentry Technology Files Operational Video Patent Ronkonkoma, New York, December 8, 2009 -- Sentry Technology Corporation (Pink Sheets: SKVY.PK) announced today, the filing of a U.S. patent to protect intellectual property contained in its Operational Video software platform including OVportal™, a Software As A Service (SAAS) product. OVportal™ is an on-line, internet browser based software application to assist retailers with real time management of store audits, merchandising, signage, security and employee procedure compliance. The system uses video equipment that is typically installed in most retail stores as well as traveling video systems and digital video cameras. OVportal™ mirrors the structure of the customer such as national, regional and local management functions. Mirroring the corporate structure allows easy organization of online viewing, recording and retrieving of video images that support the way the business functions. Corporate managers have full viewing rights across all divisions, regional managers have the ability to view a certain group of stores and the local managers have viewing rights for a single facility only. Effective structuring of the video viewing system to allow segmentation by business unit, management function and job task is done via password control through a rights access system. Vendors that supply the retailer can also be given access to OVportal™ for the purpose of managing merchandise displays, signage and pricing. Online management eliminates the need for physical audits, dramatically cutting costs and improving efficiency. Electronic audits are performed via the system Audit Engine™. A manager posts a reference image of an approved product display to the Audit Engine™ for comparison with online images viewed in the store. The video auditor answers simple questions about the comparison of the two images and an exception report is automatically prepared for the manager who requested the audit so that immediate corrective action can be taken as required. While the Sentry SmartTrack™ traveling camera system is ideal for this application; OVportal™ operates with any video system. “More than 100 stores were installed with OVportal™ as part of our effort to develop a market leading product,” said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. “Compliance audits via on-line video will be a standard procedure used by most retailers in the future and our market ready OVportal™ system offers several unique features that will gain Sentry a share of this important market segment.” ABOUT SENTRY TECHNOLOGY CORPORATION 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 SentryVision®, 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 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.

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