||Alanco Investor Relations
Alanco's StarTrak Announces Launch
of New ReeferTrak® Sentry Product Line
Lower Cost Cellular-based Monitoring and Control Solution
for Refrigerated Truckload Carriers
(Scottsdale, AZ – October 19, 2006) – Alanco Technologies, Inc. (NASDAQ: ALAN), a leading provider of wireless tracking and asset management solutions, today announced that subsidiary StarTrak Systems has launched its new ReeferTrak® Sentry product line with production deliveries beginning this month.
ReeferTrak Sentry offers users two-way monitoring and control communications at a substantial cost savings. Sentry utilizes a much lower cost cellular-based wireless communications platform that gives users two-way communications with their refrigerated truck and trailer fleets through a direct interface with the refrigeration unit (“reefer”) manufacturers’ microprocessors. The lower cost of both the communicator hardware and the subscription data service makes ReeferTrak functionality available to a much larger market segment than the company’s flagship “Commander” satellite-based solution. Combined with the availability of ReeferTrak Commander and Scout (radio-frequency) solutions, Sentry allows StarTrak to provide monitoring and control services for virtually every reefer operator in the North American market. StarTrak now has a complete product offering for the refrigerated over-the-road trailer, food distribution, grocery/dairy, life sciences, intermodal and rail markets by interfacing to more than a dozen types of single and multi-temp reefer configurations from both original equipment manufacturers.
Jerry Neuner, StarTrak’s Director of Sales & Marketing, said, “ReeferTrak Sentry provides broad coverage for long haul and regional refrigerated carriers that desire reefer set point temperature alarm notifications, reefer operating conditions, fuel levels, logistics and remote control of temperature and operating conditions through a wireless system fully integrated with the refrigeration unit’s microprocessor. Sentry will address critical needs in the largest segments of the refrigerated transport industry including the over-the-road for-hire and private fleets. It provides and enhances similar capabilities contained in StarTrak’s satellite solution but at 60% of the system cost.”
Sentry provides users critical trailer and reefer information throughout the shipment lifecycle. Like all ReeferTrak products, Sentry allows for data integration with freight dispatch systems giving customers the ability to remotely monitor and control shipments from their central operations facility. With Sentry, customers can assure themselves that temperatures are set properly at the beginning of the shipment cycle and properly maintained while en-route and accurately measure dwell time and fuel usage once trailers arrive at their customers’ destinations. The resulting savings in logistics operations, quality of shipment, fuel and maintenance are substantial for reefer operators.
According to Tim Slifkin, StarTrak’s CEO, “StarTrak is in an exciting position because the largest part of the cold-chain market has been waiting for a cellular solution with command capability with the right functionality, and the right price point. With ReeferTrak Sentry, StarTrak has enhanced its advanced reefer monitoring control application with newly available equipment technology that exceeds market expectations. A version of ReeferTrak is now available to satisfy every reefer operator in North America, a market comprising approximately 450,000 refrigerated trailers, trucks, and railcars.”
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 tracking, monitoring and controlling 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 Excel/Meridian Data, Inc. subsidiary, a manufacturer of Network Attached Storage (NAS) systems. Additional information is available at www.excelmeridian.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.