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CHECKPOINT SIGNS $50 MILLION EUROPEAN DISTRIBUTION AGREEMENT WITH SENSORMATIC

 CHECKPOINT SIGNS $50 MILLION EUROPEAN DISTRIBUTION
 AGREEMENT WITH SENSORMATIC
 THOROFARE, N.J., Aug. 13 /PRNewswire/ -- Checkpoint Systems, Inc. (NASDAQ: CHEK), today announced the signing of a distribution agreement with Sensormatic Electronics Corporation providing for the purchase of $50 million of Checkpoint products by Sensormatic for distribution in 15 European countries. The agreement runs to Dec. 31, 1994 and will replace a distribution agreement with Automated Security (Holdings) PLC.
 A.E. Wolf, president and chief executive officer, reported, "The new agreement is expected to result in significantly higher revenues for Checkpoint than we would have expected from our former distributor based on Sensormatic's new expanded, organization in Europe."
 He further stated, "Checkpoint is pleased with the potential for increased penetration of European markets with its radio frequency products."
 Checkpoint Systems, Inc. is the leading developer and manufacturer of advanced microprocessor and radio frequency-based merchandising and security systems. The company bases its Electronic Article Merchandising(SM) (EAM)(SM) and Electronic Access Control (EAC) systems on Electronic Signatures(R) technology which makes unique radio signals assignable to items or people.
 Using detectable, paper thin, disposable circuits that can be activated or deactivated without contact, the company has more than 60,000 EAM(SM) systems installed worldwide.
 Checkpoint's Threshold(R) Electronic Access Control (EAC) systems employ proximity technology for personnel identification in security sensitive environments to control and monitor access to locations and equipment.
 -0- 8/13/92
 /CONTACT: Steven G. Selfridge of Checkpoint Systems, 800-257-5540, ext. 2473/
 (CHEK) CO: Checkpoint Systems, Inc. ST: New Jersey IN: SU:


TSOS -- NY026 -- 9532 08/13/92 10:36 EDT
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Publication:PR Newswire
Date:Aug 13, 1992
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