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Alanco/TSI PRISM Announces New
Puerto Rico Prison Project


System Design Phase Underway / Project Award Expected Sept 2008

(Scottsdale, AZ – Ju1y 17, 2008) – Alanco Technologies, Inc., (NASDAQ: ALAN), announced today that its Alanco/TSI PRISM, Inc. subsidiary has been awarded a contract by the Weil Group, Inc. to design a TSI PRISM RFID inmate tracking system for a prison complex located in Bayamon, Puerto Rico, operated by the Puerto Rico Department of Corrections and Rehabilitation. Current project plans call for incorporation of TSI PRISM into one, and possibly two, 500-bed facilities of similar design and architecture within the Bayamon complex. The Weil Group, a security systems consulting firm located in Caguas, Puerto Rico, is the prime contractor on the Bayamon project.

The total value of the project, to be confirmed in early August 2008, upon completion of the system design, will be in the range of $800,000 for both 500-bed facilities. The project contract is anticipated to be finalized and awarded in the August/September, 2008 time period.

Greg M. Oester, President of Alanco/TSI PRISM, commented, “Puerto Rico is the fourth contract awarded to TSI PRISM this year, three of which have been attained through the efforts of security integrators such as the Weil Group, which provide a high degree of expertise and strong customer relationships. This new integrator involvement is indicative of accelerated interest and acceptance of RFID tracking’s value proposition throughout the corrections industry.”

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.

 


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