News Release
FOR IMMEDIATE RELEASE
StarTrak and PLM Trailer Leasing Announce Long Term Purchase Agreement for ReeferTrak® SystemsRefrigerated Equipment Lessor to Offer ReeferTrak® on all Newly Available Equipment to Customers
(Morris Plains, NJ – June 13, 2007) – StarTrak Systems, LLC, a subsidiary of Alanco Technologies (NASDAQ: ALAN), today announced that it has entered into a long-term agreement with PLM Trailer Leasing (PLM) for the purchase of ReeferTrak® monitoring and control systems, with initial product deliveries expected to exceed $1 million.
PLM, one of the largest lessors of refrigerated equipment in North America, including trailers and storage containers, has committed to equip each of its newly purchased reefer units with a ReeferTrak® system, as well as offering a retrofit ReeferTrak® solution to existing customers. PLM will provide this new wireless monitoring and control capability to its extensive base of cold supply chain customers as part of Cold Link®, PLM’s refrigerated service program.
PLM can now offer both new and existing customers the full capabilities of StarTrak’s reefer wireless monitoring and control service for a relatively small additional monthly fee, while relieving PLM customers of the initial ReeferTrak® capital investment and deployment distractions. ReeferTrak® also provides PLM with critical unit information to facilitate fleet management, including GPS location and geofencing, engine hours and mileage reports.
“Food safety within the cold supply chain is of the utmost importance to PLM and our customers,” said Rick Adams, President of PLM Trailer Leasing. “We are excited about the potential of our customers receiving the most comprehensive reefer leasing solution from a single source. They will receive the industry’s state-of-the-art telematics solution bundled with reefer equipment leased from PLM.”
Tom Robinson, StarTrak’s Executive Vice President, commented, “ReeferTrak® provides PLM with an excellent internal management tool, while providing the most capable monitoring and control system in the industry directly to its customers who will immediately benefit from the service.”
PLM Trailer Leasing, headquartered in Montvale, New Jersey, is a full service leasing company in the Cold Supply Chain. PLM is a niche company, focused on creative value contributions to temperature-controlled transportation, distribution, and storage businesses. PLM Trailer Leasing, the operating name of MAC Trailer Leasing LLC, is a wholly owned subsidiary of Marubeni America Corporation, the North American arm of Tokyo-based Marubeni Corporation, one of the top five “Sogo Shosha” Japanese trading companies. For more information, visit www.plmtrailer.com.
About StarTrak Systems
StarTrak Systems, a subsidiary of Alanco Technologies, is a leading provider of GPS tracking and wireless asset management services to the transportation industry and the dominant provider of tracking; monitoring and control services to the refrigerated or "Reefer" segment of the transportation marketplace. StarTrak products increase efficiency and reduce costs of the refrigerated supply chain through the wireless monitoring and control of critical Reefer data, including GPS location, cargo temperatures and Reefer fuel levels. StarTrak offers complete integrated solutions for tracking, monitoring and controlling refrigerated trailers, trucks, railcars, and containers. Additional information is available at www.startrak.com.
About Alanco Technologies
Alanco Technologies, Inc. (NASDAQ: ALAN), headquartered in Scottsdale, Arizona, is a rapidly growing provider of wireless tracking and asset management solutions through its StarTrak Systems and Alanco/TSI PRISM subsidiaries. Corporate website: www.alanco.com.
For Additional Information Contact:
StarTrak LLC
Jerry Neuner
Director, Sales and Marketing
Tel: (719) 579-9796
Email: jneuner@startrak.com
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