||Alanco Investor Relations
Alanco/TSI PRISM and NEC Australia Commence Partnership
With Initial System Installation in Canberra
(Scottsdale, AZ – April 3, 2008) – Alanco Technologies, Inc. (NASDAQ: ALAN), announced today that NEC Australia has commenced installation of a Wi-FI compatible TSI PRISM RFID inmate tracking system at the Alexander Maconochie Centre prison in Canberra, Australia. NEC secured its first sale of TSI PRISM technology pursuant to a multi-year exclusive agreement between Alanco/TSI PRISM and NEC. Under the terms of the agreement, NEC has incorporated the TSI PRISM technology into its suite of security systems and integration services which it is marketing to the 100 other prison facilities located throughout Australia and New Zealand. The Maconochie facility houses multiple classifications of residents, including young adult offenders as well as both male and female detainees. The RFID system will be utilized to monitor physical separation and to control movement between various segments of the population and will provide a wide range of staff efficiency and cost reduction measures to the facility. The total project value is in excess of $1.0 million.
NEC Australia’s Tim Payne, Business Development Manager, commented, “We believe that prison facilities in Australia and New Zealand will gain significant benefits from deploying Alanco’s TSI PRISM inmate tracking technology, and we are focused on the pursuit of this multi-million dollar market opportunity.”
Greg M. Oester, President of Alanco/TSI PRISM, Inc., commented, “NEC has committed to a very aggressive marketing campaign targeting the additional prison facilities throughout Australia and New Zealand. The system installed at the Maconochie Centre will provide an excellent product showcase to demonstrate the features and benefits of the TSI PRISM RFID technology.”
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, 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. (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.