Alanco Technologies Inc (NASDAQ: ALAN), 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 gen-set-based GPS monitoring systems and a five-year data services agreement.
Diesel-fueled generators or “gen-sets” provide electric power for oceangoing refrigerated containers when on land. Equipment shipments under the new contract commenced in December 2010, with completion expected by February/March 2011.
The GenTrak system allows the user to measure fuel, operational status, and location of gen-set-powered refrigerated containers, providing continuing real-time reefer visibility and shipment quality while containers are transported throughout North America. GenTrak data services also enable StarTrak’s container customer to provide gen-set/reefer monitoring and management services to third-party shipping companies, allowing instant identification of adverse situations, such as equipment, fuel, and reefer operating problems, which could negatively affect shipment quality and delivery.
Tom Robinson, StarTrak executive vice-president, said, “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.”
Visit www.alanco.com or www.startrak.com for more information.
