All Posts By

Administrator

Virginia Department of Corrections Selects Track Group As Electronic Monitoring Partner

By | News

SALT LAKE CITY, October 6, 2015

Program Includes GPS Monitoring and Biometric Voice Verification For Over 16,000 Offenders.

Track Group announced today that it has signed a contract with the Virginia Department of Corrections to provide electronic monitoring services across the full range of sentences under the Department’s oversight.

“This is a significant win for us,” said Derek Cassell, Track Group’s President of the Americas. “This contract with the Virginia DOC will expand our footprint in the Eastern region of the US and advances our position as a trusted leader in offender electronic monitoring solutions.”

Under the contract, Track Group will provide solutions based on GPS and biometric voice verification technology designed to monitor over 16,000 offenders and defendants. According to Harold Clarke, Director of the Virginia DOC, “The result will provide increased safety for the community by improving the management of offenders, while enhancing rehabilitation outcomes.”

The contract term is six years with a minimum two-year period, plus four oneyear options to extend. The value of the contract is estimated at 11.3M USD. Additionally, this contract includes a cooperative purchasing clause that will allow other agencies to procure services without the need to go through a formal bid process.

About Track Group
Track Group offers a full continuum of tracking products and services that combine robust, real-time tracking devices and monitoring services with advanced data analytics for the global criminal justice marketplace.

For more information, please contact:
Steve Hamilton, Chief Marketing Officer – Track Group
877-260-2010
steve.hamilton@trackgrp.com

Track Group Completes Long-Term Debt Restructuring

By | News

SALT LAKE CITY, July 15, 2015

Track Group, Inc. (OTCQX: TRCK), a global tracking solutions company, announced today that it has restructured $28.0 million of its short-term debt, which is anticipated to substantially improve the Company’s free cash flow and financial condition.

The Company restructured and consolidated its existing current debt of $28.0 million USD with an amendment to the Company’s existing Facility Agreement with its lender, Conrent Invest through its compartment Safety II. The $30.4 million USD facility, effective June 30, 2015, will bear interest at an annual fixed rate of 8%, is unsecured, includes a no-cost voluntary prepayment option, and matures on July 31, 2018. Proceeds will be used to consolidate existing loans that mature over the next six to nine months, including fees and accrued interest through January 2016.

“The restructuring of our existing debt facility illustrates our lender’s confidence and commitment in our business model and strategic direction both domestically and internationally,” said John Merrill, Track Group Chief Financial Officer. “We took advantage of favorable terms to create a stronger capital structure improving liquidity and flexibility to support our priorities for cash flow; invest in our global platform-as-a-service business, fund acquisitions, and provide support for our continued growth momentum.”

About Track Group
Track Group develops and provides tracking solutions that combine real-time tracking devices and monitoring services with advanced data analytics for the global offender management market.

Cautionary Language Concerning Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in Track Group’s filings with the Securities and Exchange Commission. Track Group, Inc. disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

The description of the debt restructuring in this press release does not purport to be a complete description. The statements in this press release are qualified in their entirety by reference to the description of the credit facility and the debt restructuring contained in a Current Report on Form 8-K filed with the Securities and Exchange Commission by Track Group, fka SecureAlert Inc., on July 15, 2015 and January 7, 2014.

Track Group Announces Upgrade to OTCQX®

By | News

SALT LAKE CITY, July 7, 2015

Track Group, Inc. (OTCQX: TRCK), a publicly traded, global tracking solutions company, announced today that it has qualified to trade on the OTCQX® Best Marketplace, the top tier of the U.S. off-exchange market operated by OTC Markets Group.

The OTCQX® marketplace is reserved for high-quality U.S. and international companies that meet high financial standards, provide timely news and disclosure to investors, and are sponsored by a professional third-party advisor. Investors can find more information at www.otcmarkets.com.

“Qualifying for the QX Premier offers us greater exposure, accessibility and liquidity from the investment community,”said John Merrill, Track Group’s Chief Financial Officer. “Considering the growth outlook and increasing investor interest in Track Group both foreign and domestic, trading on OTCQX is a natural evolution for the company in the U.S.”

U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for Track Group on www.otcmarkets.com.

About Track Group
Track Group develops and provides tracking solutions that combine real-time tracking devices and monitoring services with advanced data analytics for the global offender management market.

Learn more at www.trackgrp.com

Cautionary Language Concerning Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in Track Groups’ filings with the Securities and Exchange Commission. Track Group, Inc. disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

For more information, please contact:
John Merrill, Chief Financial Officer, Track Group
866-451-6141
john.merrill@trackgrp.com

Steve Hamilton, Chief Marketing Officer, Track Group
877-260-2010
steve.hamilton@trackgrp.com

Track Group Receives FCC and PTCRB Certification for SHADOW™

By | News

SALT LAKE CITY, UTAH June 16, 2015

Track Group, Inc. (OTCQB: TRCK), announced today that the company’s breakthrough 3G tracking solution called SHADOW™ is fully certified for distribution and use in the US market. SHADOW™ received certification by both the Federal Communications Commission (FCC) and PTCRB (PCS-1900 Type Certification Review Board).

Driven by customer demand to improve the affordability and performance of electronic monitoring devices, SHADOW™ is the smallest and lightest device of its kind with a sleek, modern design featuring an enhanced mobile charging capability that makes it easier to use. The device is also 3G compliant and fully supported by all global mobility providers, which means it guarantees better coverage than 2G enabled devices.

SHADOW™ will work seamlessly with Track Group’s current software platform as well as its exclusive suite of data analytics applications. This allows customers to deploy the device with no additional training required.

“FCC and PTCRB certifications enable us to offer this technology domestically,”said Derek Cassell, Track Group’s Divisional President of the Americas. “And that means we can now offer our customers improved and more flexible technology and connectivity at reduced prices enabling public authorities to get more for their taxpayers’ money – in both relative and absolute terms”.

About Track Group
Track Group offers end-to-end geo-monitoring solutions that combine robust, real-time tracking devices with advanced data analytics. The current focus is delivering electronic monitoring products and services for the global criminal justice market.

For more information, please contact:
Steve Hamilton, Chief Marketing Officer – Track Group
877-260-2010
steve.hamilton@trackgrp.com

Track Group Announces Ticker Symbol Change to TRCK

By | News

SALT LAKE CITY, May 26, 2015 /PRNewswire/ — Track Group, Inc. (OTCQB: TRCK), formerly SecureAlert, Inc. (OTCQB: SCRA), a publicly traded, global tracking solutions company, announced today that the company is trading under the new symbol, “TRCK”, effective May 26, 2015. The change follows the Financial Industry Regulatory Authority’s (“FINRA”) recognition of the company’s official name change, as disclosed in the 8-K filed by the company on May 19, 2015. All stock trading, filings and market related information will be reported under this new symbol. “We are pleased to be trading under the new symbol that more accurately reflects our corporate rebranding. It will be key for us now to make that transition public for the benefit of the investment community that has continued to follow our growth,” states Guy Dubois, Chairman of Track Group.

About Track Group
Track Group develops and provides tracking solutions that combine real-time tracking devices and monitoring services with advanced data analytics for the global offender management market.

Cautionary Language Concerning Forward-Looking Statements:
Information set forth in this press release contains forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in Track Groups’ filings with the Securities and Exchange Commission. Track Group, Inc. disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.

For more information, please contact:
Steve Hamilton, Chief Marketing Officer, Track Group
877-260-2010
steve.hamilton@trackgrp.com

John Merrill, Chief Financial Officer, Track Group
866-451-6141
john.merrill@trackgrp.com

Edison Initiates Coverage on Track Group

By | News

SALT LAKE CITY, UTAH May 7, 2015

Edison Investment Research, a leading international investment research firm, announces the initiation of full coverage of Track Group.

Edison Investment Research published its analysis of Track Group, which was released to the global investment community on May 6, 2015.

“The initiation of this analyst coverage maximizes Track Group’s exposure to all potential investors and intermediaries worldwide as well as increase investor understanding of the company,” said Guy Dubois, Chairman, Track Group. “This type of coverage is increasingly important as we expand our global footprint and consider a potential uplisting to a regulated exchange.”

To download this report, please click here.

The report is sponsored research by Track Group. Track Group does not expressly or by implication warrant or assume any legal liability or responsibility for the accuracy, completeness, or usefulness of any information, assumption, data, forecast, estimate or projection contained in the report, and the dissemination of the report does not necessarily constitute or imply the Company’s endorsement or recommendation.

About Track Group
Track Group develops and provides end-to-end B2B and B2G tracking solutions that combine real-time tracking devices and monitoring services with advanced data analytics for the global offender management market.

Forward-Looking Statement
Statements in this release that are forward looking involve known and unknown risks and uncertainties. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,”, “may,” “plan,” “project,” “predict,” “if”, “should” and “will” and similar expressions as they relate to the Company are intended to identify such forward-looking statements. The Company may from time to time update these forward-looking statements, but it is not obligated to do so. For a discussion of the risks and uncertainties involving the Company and its securities, see “Risk Factors” in the Company’s annual report on Form 10-K and other filings with the Securities and Exchange Commission including its reports on Form 10-Q. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the dates on which they are made.

For more information, please contact:
Steve Hamilton, Chief Marketing Officer
877-260-2010 ext. 4004
steve.hamilton@trackgrp.com

John Merrill, Chief Financial Officer
866-451-6141 ext. 1002
john.merrill@trackgrp.com

Track Group Location Analytics Offers Deep, Broad, Predictive and Layered Perspectives

By | News

By: John Kirtland, Track Group U.K.

We have all seen the rapid increase in data creation – much of which has location information as an integral part. Developments in toolsets and algorithms for the analysis of large volumes of location based data now enables greater context to be derived in Pattern of Life (PoL) analysis… answering more questions in less time and with the benefits of collaborative work processing.

The tools to view the data have typically been delivered through map-oriented or data-oriented visualisation efforts. The reality of these tools is that they represent a visualisation into the raw data – leaving all of the interpretative analysis of what the data actually represents up to the user. Users are now looking for automated answers that reveal key patterns that are represented in the data but that are not evident through pure visualisation.

The development of advanced generation toolkits in response to increased data provision and in-depth questioning are now available and producing good results. Agencies are reporting improved intelligence results with reduced Analyst processing time.

Location Analytics

To obtain intelligence from all of these analytical stages, one must be able to effectively apply four treatments to location-based surveillance data:

  1. Deep Analyzing several months of data, from a number of sources, for a suspect revealed his location to match a number of other crimes that he had not been seen as connected with.
  2. Broad The analysis of data relating to 8 targets gathered over 3 months was completed in 11 minutes. Comparing each target against all the others identified previously unrecognized common meeting and visit locations connecting two separate groups and resulted in a modified approach to their surveillance.
  3. Predictive Location data for a target with complex life patterns identified their home, work and other regular locations in 90 seconds, an activity that had previously taken weeks of physical surveillance of this unpredictable pattern.
  4. Layered Following apprehension of a gang leader other suspect tracks were analyzed with influential gang members being identified by their response behaviors captured through phone records and social media activity. The same analysis also eliminated other traces from the subsequent round of pick up activity.

Deep – rapidly analyse 100,000’s data points

The analysis of large data sets has been made easier and can be processed faster to automatically provide a Deep Life pattern.

There has been a large increase in the amount and variety of data presented to intelligence and surveillance teams. First and second generation toolsets were unable to make best use of this data quickly resulting in analysis commonly being applied to recent activity only.

Toolsets provide answers to commonly asked questions:

  • Expand awareness of the location of interest with certainty of the previous and subsequent locations, along with the routes used. This allows plans to be developed that can reduce the cost of surveillance activities and enhance the deployment of personnel and technology.
  • Bring in a greater volume of data to identify other locations of interest previously not identified through regular use or abnormal use. Such locations do not normally reveal themselves with superficial analysis.
  • Identify cycles of behavior previously not identified nor planned around. Longer term cycles of activity can only be identified when analyzing greater periods of collected data. Third generation tools can analyze this volume and also conduct greater contextual analysis in doing so. 


Broad – compare across multiple targets

Processing multiple parallel sets of data for multiple targets is providing a Broad Life pattern within a matter of seconds.

The comparison of a single target against a small number of others (1:N) was a useful feature of the better second generation toolsets. Third generation tools have advanced to enable N:N analysis at the push of a button and without the need for a supercomputer.

With the added advantage that the analysis can be performed across large data sets a Broad Life pattern covering these three key features can be easily delivered in a single review of the data.

  • Review common locations across many targets, and whether their attendance at these locations is also common in time, to determine meeting places.
  • Perform a similar review where the location attendance is not common in time to identify drop locations or safe houses.
  • Review tracks for multiple targets to identify previously unknown connections between individuals or groups.

Predictive – where next? and when?

With an enhanced analysis of more data we can introduce predictive tools that can answer the question “Where will they be?” for a date and time in the future.

Previous toolsets have been restricted in the volume of data analyzed causing analyzed timeframes to be restricted to a number of days. This restriction has limited the forward planning capability of surveillance teams.

Applying a level of confidence selected by the analyst, planning, enhancing deployment of personnel
and their surveillance
technology. Field operatives have a higher degree of confidence for the future location of the target and as such can modify their tactical procedures for surveillance, equipment deployment/refresh and target interception.

  • Where will the target be?
  • Where will they have come from and go to after?
  • Which route will they have used?

Layered – social media, ANPR, phone, any geolocation data

With an array of data sets providing location attributes (lat:long) the creation of intelligence has become a more complex job.

Rapid import tools allow the analyst to import data sets from any source of location data. With the ability to create a standard import list and to import on the fly the addition of a new data set is no longer a time consuming headache.

Layering and de-layering the data sets allows for swift comparisons.

  • Mobile phone data
records – cell tower
data can be extracted and analysed to provide routes taken.
  • Smart travel card (eg Oyster) use – will enable a pattern of life to be created for public transport use.
  • Financial records – ATM cash withdrawals and payments
  • ANPR data – will place the target’s vehicle at a particular location and time.
  • Blue force data – can also place and locate known friendlies to determine compromise.
  • Others – any data set with time and location information.

Enhanced Pattern of Life context

Bringing these four new capabilities together enhances Pattern
of Life information and is delivered in a fraction of the time of traditional methods. The most immediate outcomes for this are:

  • Less time spent ‘crunching’ the data.
  • Data from a wide variety of sources can be easily tied together.
  • Answers to your most typical questions are generated automatically.
  • New answers are provided that would not have previously been possible

Track Group Expands Analytics Capabilities with Acquisition of G2 Research

By | News

Acquisition Adds Cutting-Edge Analytics Capabilities to Inform and Improve outcomes in National Security, Law Enforcement, Corrections and Adjacent Markets.

SALT LAKE CITY, UT– Track Group, a premier provider of global tracking and monitoring services, today announced that it has acquired G2 Research, a global provider of analytical software with solutions ranging from data analysis and reporting to advanced predictive analytics. The transaction was finalized on Wednesday, 26 November 2014 for a total of up to CAD 4.6 million in a combination of cash and stock.

With this acquisition, Track Group will integrate G2 Research’s executive leadership and employees who will remain in Halifax, Nova Scotia Canada where G2 Research is currently headquartered. This will enable Track Group to deliver sophisticated analysis and detailed interpretation of data to improve performance across its current customer base including National Security, Law Enforcement, Community Corrections, and Health Research and will enable the company to rapidly enter adjacent markets.

“We are proud to announce our acquisition of G2 Research, an industry leader in analytics,” said Guy Dubois, Chairman, Track Group. “Today, our customers are faced with substantial challenges as it relates to extracting meaningful information from the mass of data accumulated. With G2 Research onboard, Track Group will address these challenges holistically by offering advanced capabilities in managing big data to improve decision-making and efficiency.”

“Track Group was the best company for us to partner with,” stated Tom Gilgan, co-founder and CEO, G2 Research. “Joining a global, market leader will enhance our ability to create and develop leading-edge technology that helps our customers fight crime and reduce recidivism.” said Gilgan.

About Track Group:
Track Group is a premier, global provider of customizable tracking solutions that leverage real-time tracking data, best-practice monitoring, and analytics capabilities to create complete, end-to-end solutions.

Visit website https://www.trackgrp.com/.

Safe Harbor Statement
This press release from Track Group (Company) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including future growth and earnings pportunities of the Company. Actual results could differ materially from those projected in these forward-looking statements, which involve a number of risks and uncertainties, including the Company’s ability to promptly satisfy orders and other economic, competitive, governmental, technological, regulatory, manufacturing and marketing risks associated with the Company’s business and financial plans. The contents of this release should be considered in conjunction with the risk factors, warnings, and cautionary statements that are contained in the Company’s most recent filings with the Securities and Exchange Commission.

Contact:
Steve Hamilton
Chief Marketing Officer
877-260-2010 ext. 4004
steve.hamilton@trackgrp.com