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CHECKPOINT SYSTEMS COMMENTS ON SENSORMATIC ACQUISITION OF EUROPEAN DISTRIBUTOR

 CHECKPOINT SYSTEMS COMMENTS ON SENSORMATIC ACQUISITION
 OF EUROPEAN DISTRIBUTOR
 THOROFARE, N.J., May 20 /PRNewswire/ -- Checkpoint Systems, Inc. (NASDAQ: CHEK), today commented on the conditional agreement for Sensormatic Electronics Corporation to acquire the European loss prevention business of Automated Security Holdings (ASH), Checkpoint's largest European distributor.
 A.E. Wolf, chairman of the board, president and chief executive officer, said, "given the approximate $265.5 million price tag, it appears that our radio frequency technology is being validated in the market place and demanding


a high price tag. We at Checkpoint are flattered."
 Wolf added, "We have received written communication from Sensormatic offering to honor all terms of Checkpoint's distribution agreement with ASH. Included in the offer is the obligation to sell no radio frequency technology other than those provided by Checkpoint. We are currently evaluating all options available to us."
 Checkpoint Systems 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 EAC systems employ proximity technology for personnel identification in security sensitive environments to control and monitor access to locations and equipment.
 -0- 5/20/92
 /CONTACT: Steven G. Selfridge of Checkpoint Systems, 800-257-5540, ext. 2473/
 (CHEK) CO: Checkpoint Systems, Inc. ST: New Jersey IN: SU: ERN


KD-LR -- NY101 -- 2507 05/20/92 17:05 EDT
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Publication:PR Newswire
Date:May 20, 1992
Words:272
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