Sergio
ALAN reported today...all in all, not terrible, but not stellar either.
I do like this part from the CEO going forward:
""First half TSI PRISM sales grew modestly due to the pilot installation at Ohio's Ross Correctional Facility, but were obviously disappointing. In order to accelerate projects through the states' procurement process, the Company has been establishing new lobbying relationships in key states. We are beginning to see real progress from these efforts, which we believe will result in finalizing at least four to five new TSI PRISM contract awards during the second half ending June 30, 2005. We anticipate significant revenue generation from new projects during our final fiscal quarter."
"We have also made significant progress in expanding TSI PRISM market opportunities beyond our historical state prison market into metropolitan county jails and the international corrections market."
"County jails represent a major new potential market for TSI PRISM with approximately 700,000 inmates 'under roof' (compared to over 2,000,000 inmates in state and federal prisons). A 'jail' TSI PRISM application offers similar cost and safety benefits to a 'prison' installation, but with distinct operating differences, such as high inmate turnover, which will require, for example, modified TSI PRISM inmate wristbands with quick-release features. We are currently working with two major metropolitan county jails to adopt a modified TSI PRISM system for their specific requirements and expect to be awarded a pilot installation contract during the second half."
"Despite numerous foreign inquiries, until recently the Company has not aggressively pursued the international market for TSI PRISM. Available transmission frequency spectrum has been a primary obstacle. In most major foreign localities, the 900 MHz frequency utilized in our current TSI PRISM system is either unavailable or difficult to license. In consultation with potential partners in Asia and in Europe, Alanco has commenced development of a 2.4 GHz version of TSI PRISM, which is an open, license-free frequency available for use internationally. During the first half the Company made significant progress in this area and is currently bidding, with local partners, on two major prison RFPs for RFID inmate tracking in the Netherlands and in Japan. Both potential contracts are scheduled to be awarded during the second half of this fiscal year"
Also, of interest is our little oil sands stock...announcing today that there is no oposition to their opening and operating the quarry near Athabasca Canada. It is my understanding that there are at least 6 more events to be announced in the short term regarding this stock...one of them being transfer to the AMEX.
Ken |
