Alanco’s StarTrak Systems Announces Landmark Multi-Year Contract with FFE
Transportation Services, Inc.
SCOTTSDALE, Ariz. -- October 05, 2009
Alanco Technologies, Inc. (NASDAQ: ALAN), announced today that its StarTrak
Systems subsidiary, the leading provider of wireless monitoring and management
data services for the refrigerated transportation industry, has entered into a
four-year contract valued in excess of $3 million with FFE Transportation
Services, Inc. (NASDAQ: FFEX), a premier provider of refrigerated
transportation and logistics services, for fleetwide deployment of StarTrak's
ReeferTrak® reefer monitoring and management services. The new contract will
commence immediately to outfit approximately 2,500 of FFE’s refrigerated
trailers with StarTrak’s new ReeferTrak RT-6000 communicator/modem. StarTrak
will also provide FFE with its extensive menu of unique reefer network
management and control data services over an initial four-year period.
FFE primarily chose the ReeferTrak service due to the platform’s automatic
delivery of critical information to FFE central operations, including real
time temperature profiles against cargo set points, refueling verification,
assessorial measurements, out of route monitoring, critical load information,
trailer inventory management and other relevant operational data.
StarTrak and FFE first partnered in 2005 to pioneer the management of highly
sensitive refrigerated specialty product freight shipments with FFE initially
implementing StarTrak's satellite-based communicating network system. The new
fleet-wide ReeferTrak deployment will be an advanced cellular-based solution
that provides vastly increased benefits and unprecedented flexibility. FFE has
strived to extend the focus of their operations from the management of the
driver to the management of the shipment, which objective will be
significantly enhanced through this new investment in advanced technology.
“Our long-term relationship with StarTrak was founded on our commitment to
best-in-practice technology innovation and leadership in refrigerated
transport,” said Mit Stubbs, President and Chief Executive Officer of FFE.
“Our fleet-wide adoption of ReeferTrak further illustrates our mutual desire
to continue to improve refrigerated freight solutions for the transportation
and logistics industry. Our goal as always is to deliver the best service in
the industry to our customers.”
Nick Cook, Vice President and Chief Information Officer of FFE, added, “After
extensive research, we feel that StarTrak provided the most comprehensive
package to accommodate our diverse service offering and provide our customers
with the highest level of service. Our customers will benefit greatly from the
additional visibility that StarTrak will provide.”
Tom Robinson, Executive Vice President of StarTrak, commented, “We are excited
to partner with FFE to help transform the manner in which refrigerated freight
is controlled and managed, attaining the highest level of customer service and
visibility. FFE's selection of ReeferTrak for its fleet demonstrates its
confidence in StarTrak solutions, and both companies' desire to continue to
collaborate on advanced monitoring technology and solutions.”
For more about ReeferTrak visit: www.startrak.com
About FFE Transportation Services, Inc.
Frozen Food Express Industries, Inc. is one of the leading
temperature-controlled truckload and less-than-truckload carriers in the
United States with core operations in the transport of temperature-controlled
products and perishable goods including food, health care and confectionery
products. Service is offered in over-the-road and intermodal modes for
temperature-controlled truckload and less-than-truckload, as well as dry
truckload. We also provide brokerage/logistics services, as well as dedicated
fleets to our customers. Additional information about Frozen Food Express
Industries, Inc. can be found at http://www.ffex.net. FFE’s common stock is
traded on the Nasdaq Global Select market under the symbol FFEX.
Alanco Technologies, Inc. provides wireless tracking and asset management
solutions through its StarTrak Systems and Alanco/TSI PRISM subsidiaries.
StarTrak Systems is the dominant provider of tracking, monitoring and control
services to the refrigerated or “Reefer” segment of the transportation
marketplace, enabling customers to increase efficiency and reduce costs of the
refrigerated supply chain. Alanco/TSI PRISM is the leading provider of RFID
real-time tracking technologies for the corrections industry. Its systems
track and record the location and movement of inmates and officers, enhancing
safety, security and productivity. For more information, visit the company’s
website at www.alanco.com.
EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS
RELEASE ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR
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UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
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INCLUDE, BUT ARE NOT LIMITED TO, REDUCED DEMAND FOR INFORMATION TECHNOLOGY
EQUIPMENT; COMPETITIVE PRICING AND DIFFICULTY MANAGING PRODUCT COSTS;
DEVELOPMENT OF NEW TECHNOLOGIES THAT 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 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.
Alanco Technologies, Inc.
John Carlson, 480-505-4869
Exec VP & CFO
Lippert/Heilshorn & Associates
Harriet Fried, 212-838-3777 (Investor Relations)
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