Alanco Signs Cooperative Marketing Agreement with SAIC.Business Editors SCOTTSDALE, Ariz.--(BUSINESS WIRE)--April 1, 2004 Agreement Expected to Speed Widespread Adoption of 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. Tracking Technology In Nation's Prison Systems 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), developer of the TSI PRISM RFID inmate tracking system for the corrections industry, today announced a cooperative marketing agreement with Science Applications International Corp. (SAIC SAIC - http://saic.com. ) to jointly develop new federal and state market opportunities for Alanco's proprietary TSI PRISM technology. Under terms of the agreement, the parties plan to pursue targeted federal and state correctional opportunities offering maximum benefit from a TSI PRISM deployment as measured by potential cost savings, reduced inmate violence and enhanced officer safety. SAIC also will provide appropriate lobbying support, as well as be involved in a broad range of contract implementation services, including financing, project management, on-site installation, staff training and warranty service. Initially, two Alanco/SAIC proposals totaling $6.5 million have been submitted to California for a 2,300 inmate prison and a 1,800 inmate women's facility. Two additional proposals are in process and expected to be submitted in the near future. "SAIC is pleased to be working with Alanco to help improve the overall safety and management of our nation's prison systems," said Craig Lewis Craig Lewis (born December 30, 1976) is an Australian baseballer. In 2004, he was part of the Australian Olympic baseball team, who achieved a Silver Medal in the baseball tournament at the Athens Olympics. , SAIC corporate vice president. Robert R. Kauffman, 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. , commented, "We anticipate that our new agreement with SAIC can provide essential ingredients to accelerate our TSI PRISM market development activities. In addition to invaluable assistance in the complex federal and state government procurement Government procurement, also called public tendering, is the procurement of goods and services on behalf of a public authority, such as a government agency. With 10 to 15% of GDP in developed countries, and up to 20% in developing countries, government procurement accounts process, SAIC's extensive systems installation/integration and project management experience can provide crucial support as the scale of our business evolves to multiple, simultaneous project executions. We are optimistic that this new Alanco/SAIC effort can provide the final 'lift-off' required to establish TSI PRISM as a new standard of inmate management and officer safety for the nation's prisons." About SAIC SAIC is the nation's largest employee-owned research and engineering company, providing information technology, systems integration and eSolutions to commercial and government customers. SAIC engineers and scientists work to solve complex technical problems in national and homeland security Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States , energy, the environment, space, telecommunications, health care, and logistics. With annual revenues of $5.9 billion, SAIC and its subsidiaries, including Telcordia Technologies Telcordia Technologies, formerly Bell Communications Research, Inc. or Bellcore, is a telecommunications research and development (R&D) company based in the United States and created on January 1 1984 as part of the 1982 Modification of Final Judgment that broke up , have more than 43,000 employees at offices in more than 150 cities worldwide. More information about SAIC can be found at www.saic.com. 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 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. |
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