RFID Company: Sentry Technology Reports Third Quarter Results

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

... Sentry Technology Corporation (OTC Bulletin Board: SKVY) today reported financial results for the Company's third quarter ended September 30, 2004. Revenues for the third quarter were $4,577,000, compared to revenues of $3,784,000 reported in the third quarter of the prior year. The increase in revenues is attributable to both increased sales of the SentryVision(R) SmartTrack systems and the timing of orders received from major customers. The Company generated an operating profit for the current quarter of $232,000 as compared to $67,000 for the same period in 2003. ...

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