8-K

                        SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, D.C. 20549

                                   FORM 8-K

                                 CURRENT REPORT

                        Pursuant to Section 13 or 15(d) of
                        The Securities Exchange Act of 1934

                                  August 24, 2006
                                (Date of Report)


                            ALANCO TECHNOLOGIES, INC.
             (Exact name of Registrant as specified in its charter)

                                    0-9437
                            (Commission File No.)

               Arizona                                  86-0220694
      (State or other jurisdiction)         ( IRS Employer Identification No.)

               15575 N 83RD WAY, SUITE 3, SCOTTSDALE, ARIZONA 85260
              (Address of Principal Executive Office)      (Zip Code)

                                  (480)607-1010
              (Registrant's telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

( ) Written communication pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

( ) Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CRF 240.14a-12)

( ) Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
     Act (17 CFR 240.14d-2(b))

( ) Pre-commencement communications pursuant to Rule 13e-4 ( c) under the
    Exchange Act (17 CFR 240.134-4(c))

Item 8.01 Other Events

On August 24, 2006 the Company issued a press release announcing that its
StarTrak subsidiary has begun delivery on a $10 Million contract.  A copy of
the press release is attached as Exhibit 99.1

Item 9.01 Financial Statements and Exhibits
Exhibit 99.1 - Press Release

                                   SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date: August 24, 2006                   ALANCO TECHNOLOGIES, INC.
                                        By: /s/ John A Carlson
                                        Chief Financial Officer

EX-99

FOR IMMEDIATE RELEASE

CONTACTS:    Alanco Investor Relations          Equity Communications
             (480) 607-1010                     Ira Weingarten
             www.alanco.com                     (805) 897-1880
                                                ira@equitycommunication.com

                       Alanco's StarTrak Systems Discloses
                 $10 Million Contract for Wireless Tracking and
                      Monitoring of Refrigerated Containers

(Scottsdale, AZ - August 24, 2006) - Alanco Technologies, Inc. (NASDAQ: ALAN), a
leading provider of wireless tracking and asset management solutions, disclosed
today that its StarTrak Systems subsidiary has begun delivery on a single
contract valued at greater than $10 million for its GenTrak wireless tracking
system and related monitoring services. The StarTrak contract represents one of
the largest single industrial deployments of wireless tracking and monitoring
systems on refrigerated assets anywhere.

GenTrak is a GPS-based, wireless monitoring and control system, initially
deployed on marine gensets to monitor the location, operating condition, fuel
levels, etc., of both the genset and any connected refrigerated container. A
marine genset is a portable generator temporarily connected to a refrigerated
container to provide power during the land-based portion of the transport cycle.
The GenTrak system provides significant operational savings and quality
improvements to global shipping companies in their refrigerated container
operations.

Tim Slifkin, StarTrak's President and CEO, commented, "StarTrak currently has a
fiscal year 2007 total order backlog of over $13 million, including
approximately 4,000 units remaining on the GenTrak contract. The backlog
consists of approximately $8 million in hardware deliveries, plus annual
subscription management services in excess of $5 million, which will continue to
grow annually with increased system deployments."

"The GenTrak contract is our initial entry into the marine cold-chain shipping
market which includes over 700,000 refrigerated containers globally. By
providing a high value solution for the refrigerated container shipping
industry, GenTrak has further solidified StarTrak's leading position as a
wireless solutions provider to the refrigerated transport industry."

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

StarTrak Systems 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.

Alanco/TSI PRISM is the leading provider of RFID real-time tracking technologies
for the corrections industry. TSI PRISM systems track and record the location
and movement of inmates and officers, resulting in enhanced facility safety and
security and significant staff productivity improvements. Utilizing proprietary
RFID (Radio Frequency Identification) tracking technology, TSI PRISM provides
real-time inmate and officer identification, location and tracking both indoors
and out. TSI PRISM is currently utilized in prisons in Michigan, California,
Illinois, Ohio, and Missouri. Additional information is available at
www.TSIPRISM.com.

The Company also participates in the data storage industry through two
subsidiary companies: Arraid, Inc., a manufacturer of proprietary storage
products to upgrade older "legacy" computer systems; and Excel/Meridian Data,
Inc., a manufacturer of Network Attached Storage (NAS) systems.

EXCEPT FOR HISTORICAL INFORMATION, THE STATEMENTS CONTAINED IN THIS PRESS
RELEASE ARE FORWARD-LOOKING STATEMENTS MADE PURSUANT TO THE SAFE HARBOR
PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. ALL SUCH
FORWARD-LOOKING STATEMENTS ARE SUBJECT TO, AND ARE QUALIFIED BY, RISKS AND
UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE
EXPRESSED OR IMPLIED BY THOSE STATEMENTS. THESE RISKS AND UNCERTAINTIES INCLUDE,
BUT ARE NOT LIMITED TO, REDUCED DEMAND FOR INFORMATION TECHNOLOGY EQUIPMENT;
COMPETITIVE PRICING AND DIFFICULTY MANAGING PRODUCT COSTS; DEVELOPMENT OF NEW
TECHNOLOGIES WHICH 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 TO 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.

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