||Alanco Investor Relations
Alanco's StarTrak Announces New $2.0 Million Order
For GenTrak™ Monitoring System Hardware and Data Services
(Scottsdale, AZ – Aug 7, 2007) – Alanco Technologies, Inc. (NASDAQ: ALAN), announced today that its StarTrak Systems subsidiary has received a new order for GenTrak system hardware and subscription data services in excess of $2.0 million from a major international container shipping company. StarTrak’s GenTrak is a GPS-based, wireless monitoring and control system utilized to monitor the location, operational status, fuel levels, and other parameters of genset refrigeration. Gensets are portable generators temporarily connected to a refrigerated container which provide power during the land-based portion of the transport cycle.
StarTrak’s GenTrak solution provides management tools for freight operators to more effectively manage refrigerated container fleets throughout North America by wireless monitoring of their refrigeration genset units. Hardware delivery for the new GenTrak procurement is expected to be completed within the next six months.
“This order is further validation that GenTrak offers container shipping companies a high return on investment for their refrigeration operations,” said Tom Robinson, Executive Vice President of StarTrak. “By providing far superior visibility on fuel usage, equipment inventory and operational quality, GenTrak service is significantly impacting reefer container operations in North America.”
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.