SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED):
APRIL 18, 2008
SENTRY TECHNOLOGY CORPORATION
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(Exact Name of Registrant as specified in charter)
Delaware 1-12727 96-11-3349733
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1881 Lakeland Avenue, Ronkonkoma, New York 11779
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 631- 739-2100
Not Applicable
_______________________________________________________________
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
(__) Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
(__) Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
(__) Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
(__) Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE CONTRACT.
On April 18, 2008, Sentry Technology Corporation issued a press release,
announcing the entry into a contract to sell over 100 SentryVision SmartTrack
camera systems to the Mexico City, Mexico subway system. A copy of the press
release, the contents of which are incorporated herein, is furnished as Exhibit
99.1 to this report.
ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 Press Release dated April 18, 2008
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SENTRY TECHNOLOGY CORPORATION
By: /s/ Peter L. Murdoch
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Peter L. Murdoch
President
Date: April 22, 2008
EXHIBIT INDEX
99.1 Press Release dated April 18, 2008
EXHIBIT 99.1
[SENTRY TECHNOLOGY CORPORATION LOGO
GRAPHIC OMITED]
NEWS RELEASE
FOR IMMEDIATE RELEASE CONTACT: Peter L. Murdoch
- --------------------- President & CEO
(631) 739-2100
SENTRY TECHNOLOGY SIGNS $1,400,000 CONTRACT
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Ronkonkoma, New York, April 18, 2008 -- Sentry Technology Corporation
(OTC Bulletin Board: SKVY) announced today, the signing of a $1,400,000 contract
to sell more than 100 SentryVision SmartTrack traveling camera systems to the
Mexico City Subway system via one of its Spanish dealers. The contract was won
in competition with more than 30 companies.
SmartTrack uses patented technology to transmit video images from two
pan, tilt and zoom cameras traveling along an aluminum rail mounted on the
ceiling. The camera carriage travels at high speeds and provides unobstructed
views of people, goods and processes. Systems will begin shipping in May with
the entire contract completed before the end of September 2008.
The Mexico City Subway is 201 Km in length with 11 lines and 175
stations. It transports more than 1.4 billion passengers annually making it one
of the world's largest subway systems.
"We are very pleased to win this prestigious international contract,"
said Peter L. Murdoch, President and CEO of Sentry Technology Corporation. "The
public transportation market is a growth opportunity for Sentry. Smart Track is
well suited to this sector and we expect that other business will follow from
this success both in Mexico and in other countries where the company is
soliciting business."
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. The CCTV product line features
SentryVision, SmartTrack, a proprietary, patented traveling Surveillance System.
The Company's 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. For
further information, please visit our website at www.sentrytechnology.com.
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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.