Alanco Wins Technology Development/Supply Contract for European Prison Pilot; Alanco/AeroScout Inc. Announce Partnership Agreement.SCOTTSDALE, Ariz. -- Alanco Technologies Inc. (Nasdaq: ALAN) announced today it has been awarded a contract to develop and provide modified 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 inmate tracking technology for a prison pilot project in Europe. The award-winning technology solution combines Alanco's TSI PRISM and AeroScout Inc.'s Wi-Fi-based Real Time Locating Generally speaking, locating is the determination of the locality of an object. Description of locality is the location. Any current location of any existing object is real. Its current or momentary location is a real time location. Services ("RTLS RTLS Real-Time Location System RTLS Return To Launch Site RTLS Run Time Library Services ") technology. The pilot program, which consists of a four-company consortium, requires a wireless system transmitting over the European-approved 2.4 gigahertz (GHz) band rather than the 900 megahertz One million cycles per second. See MHz. MegaHertz - (MHz) Millions of cycles per second. The unit of frequency used to measure the clock rate of modern digital logic, including microprocessors. (MHz (MegaHertZ) One million cycles per second. It is used to measure the transmission speed of electronic devices, including channels, buses and the computer's internal clock. A one-megahertz clock (1 MHz) means some number of bits (16, 32, 64, etc. ) band utilized in Alanco's U.S. TSI PRISM installations. AeroScout's RTLS technology, which utilizes standard 2.4 GHz Wi-Fi wireless networks, proved to be an excellent match for the wireless system requirements To be used efficiently, all computer software needs certain hardware components or other software resources to be present on a computer system. These pre-requisites are known as (computer) system requirements and are often used as a guideline as opposed to an absolute rule. . The European project also marks the start of a formal partnership agreement between Alanco and AeroScout for Wi-Fi-based location and tracking solutions that meet the unique needs of the corrections market. Under terms of the agreement, AeroScout has granted Alanco exclusive worldwide rights to distribute and create solutions based on AeroScout RTLS technology for the corrections market. Alanco Chairman and Chief Executive Officer Robert Kauffman commented, "The pilot project will be invaluable as a European showcase for the new 2.4 GHz TSI PRISM technology. This project will also mark our initial commercial utilization of the licensed AeroScout Wi-Fi-based technology, which we believe will provide a significant advantage in developing the international TSI PRISM market." About AeroScout Inc. Based in San Mateo, Calif., AeroScout is a world leader in providing enterprise visibility solutions that use standard Wi-Fi wireless networks to locate valuable assets and people in multiple environments. Major markets for AeroScout's RTLS solutions include health care, inventory control and logistics management applications. For more information, please visit www.aeroscout.com. Alanco Technologies Inc., headquartered in Scottsdale, Ariz., is the developer of the TSI PRISM 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. 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 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. TSI PRISM is currently utilized in prisons in Michigan, California, Illinois and a new Ohio installation. The company also participates in the data storage industry through two subsidiary companies: Arraid Inc., a manufacturer of proprietary storage products to upgrade older "legacy" computer systems; and Excel/Meridian Data Inc., a manufacturer of Network Attached Storage (NAS (1) See network access server. (2) (Network Attached Storage) A specialized file server that connects to the network. A NAS device contains a slimmed-down operating system and a file system and processes only I/O requests by supporting the popular ) systems. 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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