AeTec Adds $850,000 Contract with Alanco Technologies Inc.; Electronics Manufacturer Continues Steady Growth.Business Editors TEMPE, Ariz.--(BUSINESS WIRE)--Nov. 18, 2003 AeTec, a leading provider of Electronics Manufacturing Services Electronic manufacturing services (EMS) is term used for companies that design, test, manufacture, distribute and provide return/repair services for electronic component and assemblies for original equipment manufacturers (OEMs). , announced today the company has received a new contract from Alanco Technologies Inc. (Nasdaq: ALAN), to manufacture electronic assemblies for Alanco's TSI TSI Total Solar Irradiance (sum solar light in energy per unit of time) TSI Trading Standards Institute (UK) TSI Transportation Safety Institute (US DOT) PRISM(TM), a proprietary, Radio Frequency Identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) location and tracking technology. TSI PRISM is utilized for area security management, primarily focusing on the correctional facilities market. "Given the economic downturn that our industry is still fighting through, AeTec has developed a model with a reliable solution that more and more companies are gravitating toward," stated AeTec President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dan Stuber. "We are pleased to expand our relationship with AeTec," added Alanco's chairman and CEO, Robert R. Kauffman. "With our pipeline of potential prison contracts just taking off, and with AeTec's proven commitment to quality and value, both companies are poised for future long-term success." Seamlessly integrated with their partners' operations for optimal efficiency, AeTec offers turnkey production designed to provide value to their customers. The company has created a flexible, market-leading solution that lowers customers' costs and allows companies to focus resources on developing and bringing their products to market. About AeTec AeTec is an Electronics Manufacturing Services provider that has been ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. certified since 1996. The company is a full-service provider supplying a broad spectrum of electronics such as printed circuit board assemblies through completed products including consumer packaging. AeTec offers the responsiveness, flexibility and technology of a local United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. manufacturer with its Tempe, Ariz., facility, and cost-competitive high-volume manufacturing with its Costa Rica Costa Rica (kŏs`tə rē`kə), officially Republic of Costa Rica, republic (2005 est. pop. 4,016,000), 19,575 sq mi (50,700 sq km), Central America. facility. More information about AeTec can be accessed on the Internet at www.aetec.com, or call 480-831-6006. About Alanco Technologies Inc. Alanco Technologies Inc., ("Alanco") headquartered in Scottsdale, Ariz., is the developer of the TSI PRISM RFID continuous tracking system for the corrections industry, which tracks the location and movement of inmates and officers, resulting in significant prison operating cost reductions and dramatically enhanced officer safety and facility security. Utilizing RFID (Radio Frequency Identification) tracking technology with proprietary software and patented hardware components, TSI PRISM provides real-time inmate and officer identification, location and tracking capabilities both indoors and out. The TSI PRISM system is currently utilized in prisons in Michigan and California, and a new 2,000-bed medium-security prison in Illinois. For additional information about TSI PRISM(TM) and Alanco, visit Alanco's Web site at www.alanco.com. |
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