Alanco's TSI PRISM Wins Ohio RFP.Business Editors/High-Tech Writers SCOTTSDALE, Ariz.--(BUSINESS WIRE)--June 7, 2004 Pilot Installation at Ohio's Ross Correctional Facility to Demonstrate New Inmate Management & Officer Safety System Alanco Technologies Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ALAN) announced today that it was selected by the Ohio Department of Rehabilitation and Correction (ODRH) to provide its 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) 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. inmate tracking and officer safety system for a pilot project at the Ross Correctional Facility in Chillicothe, Ohio Chillicothe is a city in the U.S. state of Ohio and the county seat of Ross CountyGR6. The municipality is located in southern Ohio along the Scioto River. The name comes from the Shawnee name Chalahgawtha, meaning "principal town. . ODRH currently operates 33 adult facilities collectively housing approximately 44,000 inmates, and the TSI PRISM technology will be evaluated for potential application throughout the Ohio prison system. The final contract award is subject to approval by the Ohio Controlling Board, which is expected in the near future. Alanco Chairman and 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. Robert R. Kauffman said, "The Ross pilot project represents a significant milestone toward penetration of the large potential Ohio market for our RFID tracking technology. We look forward to this opportunity to establish TSI PRISM as a new standard for inmate management and officer safety in the Ohio prison system." Alanco Technologies Inc., 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 See RFID. ) 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, California and Illinois. Except for historical information, the statements contained in this press release are forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 product 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. |
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