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Alanco Technologies, Inc. (ALAN) Subsidiary Receives $2.6 Million Follow-On GenTrak® Order from Major Refrigerated Container Shipping Company

Today before the opening bell, Alanco Technologies, Inc. announced that its subsidiary StarTrak Systems has been awarded a follow-on contract from a current major refrigerated container customer valued at $2.6 million for additional GenTrak® genset-based GPS monitoring systems and a five-year data services agreement. StarTrak has already begun shipping the ordered equipment and anticipates fulfilling the contract by February/March, 2011.

The GenTrak® system allows the customer to track remaining fuel, operational status and location of genset-powered refrigerated containers. The system’s data services enables StarTrak’s container customer to provide genset / reefer monitoring and management services to third-party shipping companies, allowing instant identification of adverse situations that could negatively affect shipment quality and delivery.

Tom Robinson, StarTrak Executive Vice President, stated, “With GenTrak® advanced telematics information technology, container customers are developing new and important services focused on improving shipping performance and thereby enhancing their return on investment. This large follow-on contract from a current customer, and major player in the international container shipping market, serves to highlight StarTrak’s leading role in providing telematics information technology to the refrigerated container market.”

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