||Alanco Investor Relations
Alanco/TSI PRISM Announces
Multi-Year Teaming Agreement with NEC
To Develop Australia, New Zealand Prison Markets
Initial Australian TSI PRISM Installation to Commence February 2008
(Scottsdale, AZ – January 30, 2008) – Alanco Technologies, Inc. (NASDAQ: ALAN), announced today that its Alanco/TSI PRISM subsidiary has entered into a multi-year teaming agreement granting NEC (Australia) the exclusive right to market TSI PRISM RFID inmate tracking systems in Australia and New Zealand. Under the terms of the agreement, NEC will incorporate 2.4 GHz Wi-Fi compatible TSI PRISM RFID technology into its suite of security systems and integration services which will be marketed to the 100 prison facilities throughout the two countries, with a combined inmate population exceeding 33,000. NEC will also provide installation services for all RFID system sales.
NEC’s initial TSI PRISM system sale to an Australian prison with approximately 350 male and female inmates housed in separate facilities within the complex is scheduled to commence installation in February 2008. Total project value is in excess of $1.0 million. Additional details of the project will be made available by NEC within the next 30 days.
Greg Oester, Alanco/TSI PRISM, Inc. President, commented, “NEC’s decision to include our technology in its suite of security product offerings and the effort it has expended in opening the sales potential in Australia and New Zealand serve to validate the international scope of the TSI PRISM corrections market opportunity. We are gratified in having secured a first sale in Australia and in having the opportunity to co-develop a significant presence in the region with a partner of NEC’s stature.”
NEC Australia’s Tim Payne, Business Development Manager, commented, “We believe that prison facilities in Australia/New Zealand will gain significant benefits from deploying Alanco’s TSI PRISM inmate tracking technology, and we are focused on the pursuit of this multi-million dollar market opportunity.”
Alanco Technologies, Inc. (NASDAQ: ALAN), headquartered in Scottsdale, Arizona, is a rapidly growing provider of wireless tracking and asset management solutions through its StarTrak Systems and Alanco/TSI PRISM subsidiaries. Corporate website: www.alanco.com
StarTrak Systems is a leading provider of GPS tracking and wireless asset management services to the transportation industry and the dominant provider of tracking, monitoring and control services to the refrigerated or “Reefer” segment of the transportation marketplace. StarTrak products increase efficiency and reduce costs of the refrigerated supply chain through the wireless monitoring and control of critical Reefer data, including GPS location, cargo temperatures and Reefer fuel levels. StarTrak offers complete integrated solutions for refrigerated trailers, trucks, railcars, and containers. Additional information is available at www.StarTrak.com.
Alanco/TSI PRISM is the leading provider of RFID real-time tracking technologies for the corrections industry. TSI PRISM systems track and record the location and movement of inmates and officers, resulting in enhanced facility safety and security and significant staff productivity improvements. Utilizing proprietary RFID (Radio Frequency Identification) tracking technology, TSI PRISM provides real-time inmate and officer identification, location and tracking both indoors and out, and is currently utilized in prisons in Michigan, California, Illinois, Ohio, Missouri, Virginia, and Indiana. Additional information is available at www.TSIPRISM.com.
The Company also participates in the data storage industry through its wholly owned subsidiary, Excel Meridian Data, Inc., a manufacturer of Network Attached Storage (NAS) systems. Excel delivers uniquely scalable, manageable and cost-effective storage solutions for all network storage customers. For further information, visit www.emdstorage.com.
Except for historical information, the statements contained in this press release are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements are subject to, and are qualified by, risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements. These risks and uncertainties include, but are not limited to, reduced demand for information technology equipment; competitive pricing and difficulty managing product costs; development of new technologies which make the Company’s products obsolete; rapid industry changes; failure of an acquired business to further the Company’s strategies; the ability to maintain satisfactory relationships with lenders and to remain in compliance with financial loan covenants and other requirements under current banking agreements; and the ability to secure and maintain key contracts and relationships.