Patent ID: 7481086

Claim:
A security device comprising: a housing having a first plurality of ratchet teeth and containing a rotatably mounted spool and a cable operatively connected to the spool for placement about an object, said spool being rotatable relative to the first plurality of ratchet teeth in a cable-tightening direction to wind the cable onto the spool and rotatable in an opposite cable-loosening direction to unwind the cable from the spool; a ratchet mechanism connected to the spool including a moveable member operatively connected to the spool and having a second plurality of ratchet teeth for releasable engagement with the first plurality of ratchet teeth to prevent the spool from rotating in the cable-loosening direction, said first and second plurality of ratchet teeth extending about a common axis; and a camming mechanism for moving the first and second plurality of ratchet teeth out of engagement to place the spool in a free wheeling position in which the spool is freely rotatable in the cable-loosening direction.