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Digital Angel Corporation Receives Patent for Multi-Directional Cattle-Scanning
Device
SO. ST. PAUL, Minn., March 18 /PRNewswire-FirstCall/ -- Digital Angel
Corporation , an advanced technology company in the field of rapid and accurate
identification, location tracking, and condition monitoring of high-value
assets, today announced that it has received a United States patent for a
"multi-directional walk-through antenna", a scanning device for cattle and other
livestock much like the metal detector at an airport, for reading RFID wearable
tags and implantable chips.
The antenna incorporates a new design that enables easier and more accurate
scanning of animals, eliminating many of the technical challenges associated
with scanning animals that can result from differing tag placements and random
animal movement. The multi-directional walk-through antenna has been granted
patent number 6,700,547.
Kevin Nieuwsma, President of the Company's RFID Division, commented, "Digital
Angel already develops and markets a full line of livestock identification
products, ranging from visual ID tags sold since 1945, to RFID wearable tags and
RFID implantable chips, along with scanners that read these devices. Digital
Angel also designs and develops the software integration tools necessary to tie
all these components together into a seamless system for recording the location
and movement of identified animals. The antenna will be marketed as an integral
part of an automatic system for monitoring cattleand other livestock while they
are processed throughout their lifecycle, which should make the industry more
efficient in its animal movement tracking capability."
Chief Executive Officer Kevin McGrath stated, "The receipt of this patent
underscores Digital Angel's continued R&D commitment to innovation and
enhancement of existing products in the new and emerging markets we operate in.
Since the discovery in the State of Washington of a cow with BSE (mad cow
disease) in December of 2003, Digital Angel has been building on its existing
technology base in anticipation of a nationally mandated cattle tracking program
in the U.S., as well as in Canada, which has already committed to the
implementation of an RFID cattle program in 2005. This and other patents should
allow Digital Angel to maintain its technology leadership position in this
important market segment."
About Digital Angel Corporation
Digital Angel Corporation develops and deploys sensor and communications
technologies that enable rapid and accurate identification, location tracking,
and condition monitoring of high-value assets. Applications for the Company's
products include identification and monitoring of pets, fish and livestock
through its patented implantable microchips; location tracking and message
monitoring of vehicles and aircraft in remote locations through systems that
integrate GPS and geosynchronous satellite communications; and monitoring of
asset conditions such as temperature and movement, through advanced miniature
sensors.
Digital Angel Corporation is majority-owned by Applied Digital Solutions, Inc.
(NASDAQ:ADSX). For more information about Digital Angel, please visit
http://www.digitalangelcorp.com/ .
The statements in this press release that are not strictly historical, are
"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 and are
intended to be covered by the safe harbors created by these sections. The
forward-looking statements are subject to risks and uncertainties and the actual
results that the Company achieves may differ materially from these
forward-looking statements due to such risks and uncertainties, including, but
not limited to, that recent changes in the Company's senior management could
have an adverse effect on the Company's financial results that the Company's
stockholders will experience dilution if certain debt owned by the Company is
converted into common stock; the risk of foreclosure on substantially all of the
Company's assets; that the Company's majority stockholder, Applied Digital
Solutions, Inc. is able to completely control the board of directors and may
support actions that conflict with the interests of other stockholders; that the
Company's earnings will decline if it writes off additional goodwill and other
intangible assets; that exercises of the Company's options and warrants
outstanding and available for issuance may adversely affect the market price of
the Company's common stock, the Company's inability to generate income, the
Company's Wireless and Monitoring segment's ability to achieve profitability,
the Company's ability to maintain patent and trade secret protection, domestic
and foreign government regulation, the Company's sales to government contractors
of animal identification products, dependence on a single production arrangement
for its patented syringe-injectable microchips, dependence on principal
customers, competition in the visual and electronic identification markets,
foreign currency rate fluctuation, dependence on a small team of senior
management and the Company's ability to develop, integrate, miniaturize and
market the Digital Angel(TM) technology. A detailed statement of risks and
uncertainties is contained in the Company's reports to the Securities and
Exchange Commission, including in particular the Company's Form 10-K for the
fiscal year ended December 31, 2003. Investors and stockholders are urged to
read this document carefully. The Company can offer no assurances that any
projections, assumptions or forecasts made or discussed in this release will be
met, and investors should understand the risks of investing solely due to such
projections. The Company undertakes no obligation to revise any forward-looking
statements in order to reflect events or circumstances that may arise after the
date of this press release.
For further information, please contact: investors, Jay F. McKeage,
+1-212-691-8087, , or media, Len Hall, +1-949-474-4300, , both of Allen & Caron
Inc, for Digital Angel Corporation.
DATASOURCE: Digital Angel Corporation
CONTACT: investors, Jay F. McKeage, +1-212-691-8087, ,
or media, Len Hall, +1-949-474-4300, , both of Allen & Caron
Inc, for Digital Angel Corporation
Web site: http://www.digitalangelcorp.com/