Sentry360 Bankruptcy

Author: John Honovich, Published on Nov 30, 2017

Sentry360, a US-based video surveillance manufacturer, most well-known for its panoramic cameras, has filed for Chapter 7 bankruptcy.

In this note, we review the filing, share feedback from the company and analyze the issues the company faced.

*********, * **-***** ***** ************ ************, **** ****-***** *** *** panoramic *******, *** ***** *** ******* * **********.

** **** ****, ** ****** *** ******, ***** ******** **** the ******* *** ******* *** ****** *** ******* *****.

[***************]

Bankruptcy ******

********* ***** *** ********** (*** ****** ***'* ********** ******).** * ******* * **********, *********'* ****** **** ** **** *** ** *** *** lenders (*********) ****** ** ******* **, ***** ******* ********* **** creditors ** ***** *** ***** ** *** **** ******* ****** to ********* ******.

Support ********

*** ******* **** ** ****** ******* ******** *** ******** ********* to *** ***, *** ********* ************@*********.***.

Cause ** *******

********* **** **** *** ***** ** *** ******* *** *** to * *********** ******* **** **** ***** ******** ** ** acquisition **** *** *** *****:

********* **** * ***** ********** ** ********** *** ***** ** camera (*****) **** ******** ********. **** *** * **** ******* **** both *** ******** *********** *** ******** (****** ** ******* *********** team) **** ********** **** *****. *** ******* *********** **** ******** and ***** **** * ******* *** ******* ******* **** *** outside *********** *******. ** *** ****** ** **** ********* *** approached ** ** ******** ** ******* ***** ******. *** *********** was ******* ** *** *** ** *********** *** **** *********** it *** ***** ** ****** *** ********* ****** *** ******* lawsuit **** *** ******* *********** *******. *********** *** ********** *** significantly **** **** *** *********** ***** ** **** ***** ** the **** ** *** **** ****** ** ******* ** ********* stumbling ******. *************, ****** ******* ** (***** *** ******* *** settled) ******** *** *** ************. ** *******, **** *** ******** and ******** *********** ** *** *** **********, **** ** ***** fees *** ********** ********** ********* ****** *********.

*******

*********'* **** ******* *** ~$*.* *******, ********* ** **** **** $1.4 ******* ** ****, ********* ** *** ********** ******:

Largest ******** *-*********

*-*********, ** ********** *********** **** ******** **** ** ***** ************, *** ****** ** *********'* ******* ********.

** ******* **** *** *** **** **** ********* ********* ** working ** *** ******* **** **** ***** *** **** ************ sued **** (**** - ***** *** ****** **** *** ***** for *** ***** ** * ***** ********).

Intellectual ******** *** ****

*********'* ************ ******** *** *** **** **** *** "** ** the ***** ** *** ********** ******* *** *** ***** ******* is ***** ** *****."

Statement **** ********* ***

*********'* *** ******** *** ********* *********:

**** *** ******** ** *** ******** **’* *********** ** **** a **-**** *** ****** ** *** * ******* *** ********** that’s ******* **** ** **. *’* *** ***** ** ***** a *** ***** ** ***** ******* ********, *’* *** ***** to ***** *** ******* ** *********** *** *’* ********* *** going ** ***** *****. * ******* ********* *** ** ** father’s ******** **** * *** ** ***** *** **** ** children, ** ******, *** ** ***********- **** *** ******* ** change *** ***** ************ ******** *** ****** ********* ********* **** the ****. ** ***** **** ******* ******* *** ** ** directors ******* ** *** ********** ** ******* * ***** ********* “IP” ****** ** ***** *******, ********* ** ********* ** *** dark (** ****** ***** ****** ** *** *****) *** ******* to ***-**** ***** ***-**** ******* *** ***** ****** ** ********** they **** ****** **** ***** ******* ************ ******.

********** ** ***** *** *****-**** ******* **** *** ******* ********* algorithm *** ******* ********** **** *** ***** ********** ** *** Pre-Onvif & ***-******-**-*-**** (*********/*********) ***. ***** **** *** **** ***** pcb’s **’** **** ****** **** *******, ** ****’* **** ************ developed (*** ****-******) *** ***** *** ** ******** ****** ** streaming ********. ***** *** ** ****** ** ********* **** *** a *********** ********* ****-****, ********* ************ *** ****** ** ** write *** **-***** *** ********* *** (********-***********-***) ** *** ****** of ******** * ********** ******* *** ******* *** **** ** sell *** ***-****** ******* **** ***** ********* ** ****** *******, system ***********, *** ************ ********. ******* ****- ***, **** *** Fun! * *** *** *********** ** **** **** *** ******** in *** ***** ************ *****, ****** ****** ********** *** **** really **** ********* ** *******. ***** ** *** ****** ***** camera ***** **** ** **** ********* ******* ****** *** **** VMSs **** ***** ‘***’ ******-**** *********. **** ****** *** **** and *** *** **** ******** ‘****’ ***** ******* *** ******* with ********* ********** *** *************- ***** ***’* *********** * ********.

** ****** ***** *** **** ** ***** * ***** **** strongly **** *** **** *** ***** *** ******** ***** ** the ***-***** **** ***. ******* ****’* **** ****** ********* ******* and ******* ** ************ **** ****** ******** ***** **** ********** data **’* *** ***** *** ********. * **** **** ******** with * ******* *** *** ***** * ***** ***** ** change ** ** **** **** ****** *** *** *** ****** to **** *** ******** *** ******- **** ** **** ****. Being ********* ***** ****** ******** ** * *** ******** (*’* guilty).

*******, **** *’* **** ***** ** *** ******* ** ** with *** ********** ** ******* ** ****** ** ********. *’* proud ** *** *** ** ******, *** *** ** ******** and **** *********** *** *** ** ******* *** *********, ********, and *********. ******** **** **** **** *** ***** *** * feel ******** **** ** **** ** ****** ** ***** **** them *** ***** ****** ** *** ******* *** ********* ** reinvent ********* **** ** *** **** **** *********** ******** ******* and ******* **** ** ********* * *** ******* (** ********* in-house). ******* *** ***** ********** *** **** (**** ** ***** I’m ******* ***) ********* **** * ******** ***** **** *** ourselves ** * ***** ******** *** ** *** ***, *’* happy ** *** ** ******** ******’* ***** *** *** ******.

Analysis

***** ** ** *** **** ****** ***** **** **** ***** with *** ***** *******, *** *** ****** ************ *** ***** inability ** ******** ***** ***** ***** **** ********* *******. ********* was ** *** ***** ****** **** ** ** **** **** the ******* *** ***** ***** ******* **** *** ********* (****** how ******* *** ******** - *** ***** ********* ******* ** non-fisheye ** ******* ** *** **** ***). *** *******,*** **** ********* **** ************* ******** ** **** ***********.

******* ****** ******* ** ***** ******* *****, ********* ******* * few ***** (*** *******, **** **** *******), ****** **** ******* cameras *** **** ******** *** ******** ******* **** *******. **********, though, ** ******* **** *** ********** ** ***** ** *********** panoramic ********** *** *** **** ** ** *** **** *** a ****** ** ****** *** ******** **** *******.

Comments (13)

*-*********, ** ********** *********** **** ******** **** ** ***** ************, *** ****** ** *********'* ******* ********.

****** **** ******** **** *-********* ********** ** * *********** *******, I ***** **** * ****** ********** **** ********** ****** * would **** ***** ***** **** ** ******* * ******* **-**** and **-******.

** **** ** * *** *** *-********* ******* **** **** from * "*** ***** **** ******" *****, ** * "****, figures" ***** *** **.

*********** ****** 👇

*** *** *******?

**** * ***** **** **. ************* ** **** **** *'** been ******* ** **** **** **** ******* ** **** *******.

***, *** *** * *****, ***** ***** **** * *****, they ******** ****** **** ***** *** ***** ******** ******* **** what **** *** ** ***** *** ***** ********** *** ******** to ****** **********.

*’* *** ***** ** ***** * *** ***** ** ***** treated ********, *’* *** ***** ** ***** *** ******* ** competition *** *’* ********* *** ***** ** ***** *****.

* **** ** ******* ****.

*** ** ****** *****'* ******* **/*** **-*** **** *********'*?

*** ** ****** *****'* ******* **/*** **-*** **** *********'*?

* ** **** *****'* ******* ** * *** ****** **** Sentry360, ****** ******* **** **** ***** * ****** ** ********* (e.g.,******** ***** **). **** ** ** *** **** ****, **** ***** ***** have ** ******** *** **** **** $* ******* ** ******* that.

**** ****, * ***'* **** ** *****'* ******* ** $* or $** ** $** *******. **** ** **** ** ** winning **** ***** *** ***** *** ******* * ***** ******.

* **** ***’* **** *** ********* ***** ** *** ******* comparison. * *** **** ** ******* *** ******* (** ***** aspects ** *** *******) ** ******** *** ***** **** **.

**** *** **** ***** #’* ** ********** ******* (** ******* capital **** *********. **** ******* ***** *** ** *** *** of **** = ** ***** ****.)

****-**** *** * **** ***** **** **** ** ***** **** with ****** +*** ** *.** **** +****.

**** *** *** **** **** @ *.** +****

**** ** ****** ** *.** -***

"*’* *** ***** ** ***** *** ******* ** *********** *** I’m ********* *** ***** ** ***** *****"

**** **** *******.

********* ** ********* ** *** **** (** ****** ***** ****** it *** *****)

****** ***** ***-.*** *** * ******** ***** ** ** ******** with. *******.

* ***

** ***** "***** ***** ** ***** ** ** ******* ****"

** **** **

/***

:) ******. *** ***** ******* ** **** **** *** *********** of ******* ** ** * ******** *****...

*** ******* *******:

** **** **

/***

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