||Alanco Investor Relations
Alanco's StarTrak Receives
New $2 Million Order for GenTrak™ Product
(Scottsdale, AZ – June 6, 2007) – Alanco Technologies, Inc. (NASDAQ: ALAN) disclosed today that its StarTrak Systems subsidiary has received a new order in excess of $2 million from a current customer, expanding their fleet-wide deployment of StarTrak’s enhanced GenTrak monitoring system hardware and data subscription services. Hardware delivery for the new procurement is expected to be substantially completed within the next six months.
StarTrak’s GenTrak is a GPS-based, wireless monitoring and control system utilized to monitor the location, operating status, fuel levels, etc. of both a genset and connected refrigerated container. A genset is a portable generator temporarily connected to a refrigerated container to provide power during the land-based portion of the transport cycle. The enhanced version of the GenTrak product continuously monitors the genset performance and adds the capability to read the attached container tracking number, as well as monitor temperature conditions inside the refrigerated container.
“StarTrak is very focused on the value proposition that our products and service provide to our customers,” said Tom Robinson, Executive Vice President of StarTrak. “Repeat business, such as this new GenTrak order from one of our largest customers, validates the outstanding performance and return on investment of our industry-leading wireless monitoring technology.”
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, and Virginia. 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.