RFID Company: Checkpoint Systems & ID Systems Settle Antitrust Litigation

From PR Newswire (press release) ... acquisition of ID Systems expands the Company's product offering to include proximity Access Control and Radio Frequency Identification (RFID) solutions. ...

... ID Security Systems Canada Inc. (ID Systems), a wholly owned subsidiary of Sentry Technology Corporation (OTC Bulletin Board: SKVY), announced today the settlement of its antitrust lawsuit against Checkpoint Systems Inc. (Checkpoint). Checkpoint will pay ID Systems $19,950,000 to settle all issues related to the suit. As provided when Sentry purchased ID Systems, the proceeds of the settlement will be distributed to former shareholders of ID Systems, after payment of litigation fees and expenses ...

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.