||Alanco Investor Relations
Alanco's StarTrak Systems Introduces
New Sentry ReeferTrak® Fuel Savings Technology
New Reefer Fuel Usage Monitoring Technology
Results in Significant Reefer Fuel Savings and Extraordinary ROI
(Scottsdale, AZ – June 25, 2008) – Alanco Technologies, Inc., (NASDAQ: ALAN), announced today that its StarTrak Systems subsidiary has introduced a new fuel usage data service feature for the Sentry ReeferTrak® refrigerated trailer monitoring system, which can provide significant reefer fuel cost savings for fleet operators. The new fuel monitoring service utilizes an advanced reefer fuel tank sensor and proprietary firmware which can be remotely downloaded to any Sentry ReeferTrak device.
StarTrak’s fuel data service provides fleet operators new tools to manage and control three potentially costly fuel related events:
1) Fuel Theft
The new fuel monitoring capability detects and monitors rapid fuel loss events connecting associated parameters of time, GPS location, gallons lost, and responsible party, providing a powerful behavioral deterrence to reefer fuel theft.
2) Short Fuel Delivery
Reefer fuel tank gauges generally only measure a typical 50-gallon tank to 6-8 gallon accuracy. StarTrak’s Sentry minimizes ‘short’ deliveries by providing a more accurate fuel delivery measurement for billing audit, including time and GPS location. The new service also provides automatic certification of full fuel tank status prior to shipment, a frequent transport contractual requirement.
3) Accurate Assessorial Fuel Usage
The new service captures a time record of incremental reefer fuel usage when a trailer is delivered to a distribution center for loading and unloading operations. Precise measurement of fuel usage consumed by unwarranted delays during distribution center “dwell times” are recorded and are often invoiced by the fleet operator as “assessorial” charges, which can amount to significant fuel savings for the shipper.
Tim Slifkin, President of StarTrak, commented, “In the current environment of rapidly increasing fuel costs, StarTrak’s Sentry clients who have subscribed to the new fuel data service are realizing an extraordinary ROI in fuel savings alone. A leased Sentry system with our new fuel monitoring feature costs in the range of $50/month, including the monthly data service fee. A typical reefer will consume monthly about $1,000-1,500 of $4.00 plus diesel fuel. The new fuel management service is helping Sentry clients realize at least 5-10% savings in reefer fuel costs; an almost immediate ROI for the fleet operator.”
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 two-way 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, Indiana, and Minnesota. 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. (EMD), which specializes in providing unique data storage, backup and disaster recovery solutions. EMD Storage product lines include: direct attached storage (DAS), network attached storage (NAS) and storage area network (SAN) solutions for any size business. In addition, EMD features partnerships with: EqualLogic, VMware, Microsoft, DoubleTake and other industry leading hardware and software solution providers. For more 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.