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KNOGO SELECTED BY CEST AS EAS SUPPLIER FOR STANDARDIZED SOURCE TAGGING PROGRAM

 KNOGO SELECTED BY CEST AS EAS SUPPLIER FOR STANDARDIZED
 SOURCE TAGGING PROGRAM
 HAUPPAUGE, N.Y., July 22 /PRNewswire/ -- The Centre for the Exploitation of Science and Technology (CEST) has assembled a group of five multi-national companies, including Knogo Corporation (NYSE: KNO) as supplier of electronic article surveillance (EAS) technology, to undertake a comprehensive universal EAS source tagging program.
 CEST is a not-for-profit organization funded by a consortium of 30 blue chip companies and four United Kingdom government departments (the Department of Trade and Industry, the Cabinet Office, the Advisory Council on Science and Technology and the Advisory Board to the Research Councils). In its unique and independent position between government, industry and academia, CEST seeks to identify science and technology which can be commercially exploited to enhance competitiveness in world markets.
 Martin Swerdlow, program director of CEST, said, "The program arises from a major study CEST carried out in 1991 on intelligent packaging which identified retail theft as a growing and costly issue for the retail sector. Widespread acceptance by retailers of EAS to prevent shoplifting has led to the demand for a single, efficient, low cost and universally adapted product that all manufacturers can accommodate easily in their products, regardless of the product or processing. The resources and commitment of the companies making up the group bring to bear a powerful and unique blend of skills and expertise in a program which will be directed at enhancing the performance of EAS technology and developing the standard for the next generation of systems where tagging is incorporated directly and universally into packaging at the point of manufacture."
 Arthur J. Minasy, chairman and CEO of Knogo, said, "We are very pleased and honored to have been chosen as the EAS supplier by CEST, a prestigious and non-biased professional center, and its participating associates. Knogo has been dedicated to the source tagging concept since its founding as the first EAS company 26 years ago. Furthermore, we have been successfully source tagging for a number of years now, covering a variety of products, on an individual client basis. This program, whereby retailers and manufacturers adopt an industry-wide standard, is a major development for our industry and for progress in overcoming the problems of shoplifting and inventory shortages."
 Knogo Corporation, founder of the Electronic Article Surveillance (EAS) industry in 1966, is the world's technological leader in the design and manufacture of asset protection systems for retailers and industry. Its Radio Frequency (RF) and Micro-Magnetic (MM) systems protect retail merchandise and business assets. Other products include Knogo's Data Displayer and Surveillor Closed Circuit Video Systems (CCVS), which protect retailers against theft by recording point-of-sale transactions and through video surveillance.
 -0- 7/22/92
 /CONTACT: Arthur J. Minasy, chairman and CEO, or George Harbin, vice president-general manager of Knogo, 516-232-2100, or Martin Swerdlow (London), 44-71-354-9942/
 (KNO) CO: Knogo Corporation ST: New York IN: CPR SU: CON


PS-OS -- NY064 -- 1930 07/22/92 12:55 EDT
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Publication:PR Newswire
Date:Jul 22, 1992
Words:489
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