Library Technology Guides

Current News Service and Archive

February 4, 2015

Sentry Technology Corporation Sentry Technology announces restructuring. Sentry Technology Corporation announced a major restructuring of its business. As part of the restructuring plan, Sentry's library security business was sold to Sentry Funding Partnership for $1 million. The sale price was based on an evaluation of Sentry's library operations by Corporate Valuation Services. The sale will reduce secured debt owing to Sentry Funding Partnership. In addition, substantial debt restructuring agreements have been signed with the company's largest unsecured creditors. Approximately $2.5 million in unsecured debt has been settled in exchange for the payment of $100,000 in cash and the issuance of 10,000,000 Sentry common shares. [Full Announcement].

January 24, 2007

Sentry Technology Corporation ID Systems and Knogo North America change names to Sentry Technology. Sentry Technology Corporation announced the change in the name of three of its wholly owned subsidiaries, ID Systems USA Inc., ID Security Systems Canada Inc. and Knogo North America Inc., to Sentry Technology USA Inc., Sentry Technology Canada Inc. and Sentry Technology Corporation. Sentry Technology acquired ID Systems in 2004. [Full Announcement].

June 13, 2006

Sentry Technology Corporation Sentry Technology wins library contracts. Sentry Technology Corporation announced that it has been awarded a contract to supply library security systems to the New York Board of Education. Sentry was also chosen as the successful bidder to supply 31 QuickCheck patron self-service systems to the Mid-Continent Public Library in Independence, Missouri. The combination of the two contracts represents approximately $377,000 in revenue for Sentry. [Full Announcement].