Sentry Technology Files Operational Video Patent
December 08 2009 - 10:06AM
PR Newswire (US)
RONKONKOMA, N.Y., Dec. 8 /PRNewswire-FirstCall/ -- Sentry
Technology Corporation (Pink Sheets: SKVY) announced today, the
filing of a U.S. patent to protect intellectual property contained
in its Operational Video software platform including OVportal(TM),
a Software As A Service (SAAS) product. OVportal(TM) 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(TM)
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(TM) 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(TM). A manager posts a reference image of an approved
product display to the Audit Engine(TM) 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(TM) traveling camera system is ideal
for this application, OVportal(TM) operates with any video system.
"More than 100 stores were installed with OVportal(TM) 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(TM) 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(TM), 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 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. DATASOURCE: Sentry Technology Corporation
CONTACT: Peter L. Murdoch, President & CEO, +1-631-739-2100 Web
Site: http://www.sentrytechnology.com/
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