StarTrak wins follow-on contract
for additional GenTrak systems
Jan 6, 2011 7:00 AM
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.”
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