Exec VP & CFO
|Lippert/Heilshorn & Associates
Alanco's StarTrak Wins $1.2 Million Order
New StarTrak Orders Support Strong Sales Growth
in Advanced Refrigerated Transport Monitoring
(Scottsdale, AZ – February 9, 2009) – Alanco Technologies, Inc. (Nasdaq: ALAN), a leading provider of wireless tracking and asset management solutions, today announced its StarTrak Systems subsidiary has secured a $1.2 million order for its advanced ReeferTrak® RT6000 units. The enhanced system offers increased opportunities for the refrigerated transport industry to track, monitor and manage its refrigeration units.
Tom Robinson, Executive Vice President of StarTrak Systems, commented, “We continue to see strong interest and growth for our ReeferTrak® RT6000 product line. The advanced capabilities of this product permit customers to build extensive applications leading to a significant return on investment. This substantial order is one of numerous expanding opportunities for growth that exists today in the refrigerated transport industry.”
StarTrak’s ReeferTrak® RT6000 is the most powerful, wireless refrigeration operation management tool available for the freight transportation industry. The system allows immediate fleet visibility of every type of reefer operation, including temperature monitoring, fuel management, trailer delivery, logistics and dwell time, and engine hours and usage. Deliveries are scheduled to begin immediately.
Alanco Technologies, Inc. provides wireless tracking and asset management solutions through its StarTrak Systems and Alanco/TSI PRISM subsidiaries. StarTrak Systems is the dominant provider of tracking, monitoring and control services to the refrigerated or “Reefer” segment of the transportation marketplace, enabling customers to increase efficiency and reduce costs of the refrigerated supply chain. Alanco/TSI PRISM is the leading provider of RFID real-time tracking technologies for the corrections industry. Its systems track and record the location and movement of inmates and officers, enhancing safety, security and productivity. For more information, visit the company’s website at www.alanco.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.