||Alanco Investor Relations
Alanco/TSI PRISM Announces First U.S.A. Installation
Of New WiFi Compatible, 2.4 Gigahertz
RFID Inmate Tracking Technology
(Scottsdale, AZ – July 25, 2007) – Alanco Technologies, Inc. (NASDAQ: ALAN) announced today the first U.S.A. installation of its new WiFi compatible, 2.4 gigahertz TSI PRISM RFID inmate tracking technology at the Marion County Juvenile Detention Center in Indianapolis, Indiana. The recently completed deployment of TSI PRISM’s new system was unveiled at a public demonstration at the Detention Center held on July 20, 2007, attended by Marion County dignitaries with extensive local and national press coverage.
Alanco/TSI PRISM’s new 2.4 gigahertz system is WiFi compatible which provides for seamless incorporation of other wireless communication devices, such as handheld monitoring units for corrections officers. The new system also features a patented, rapid on/off inmate wrist transmitter in an industry-first rechargeable battery configuration.
Greg M. Oester, President of Alanco/TSI PRISM, Inc., commented, “The 2.4 gigahertz TSI PRISM system is targeted to international markets, where 2.4 gigahertz frequency usage is generally unrestricted, and to densely populated urban jails which can most effectively utilize advanced WiFi communication networks. The new system’s rapid on/off wrist transmitter with rechargeable battery also enhances staff productivity and eliminates costly battery change outs. This new 2.4 gigahertz technology compliments our industry standard 900 megahertz TSI PRISM system designed for the general inmate populations typical of the larger, medium-security state and federal prisons.”
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.