Patent ID: 8122744

Claim:
A security device for placement about an object, said device comprising: a housing; a cable for placement about the object; a spool rotatably mounted in the housing and operatively attached to a first end of the cable; a clip attached to a second end of the cable for insertion into the housing to secure the cable about the object, wherein the clip is adapted to be inserted to a first locked position in the housing, and wherein the clip is adapted to be inserted from the first locked position to a second locked position in the housing; a lock mechanism for locking the clip to the housing, wherein the spool is free wheeling when the clip is in the first locked position and is prevented from free wheeling when the clip is in the second locked position; a ratchet mechanism operatively engageable with the spool to maintain the cable tightened about the object; a key for unlocking the clip from the housing; and a retraction mechanism for automatically rotating the spool in the cable takeup direction to wind the cable onto the spool.