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ADSX Applied Digital Solutions (MM)

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Applied Digital Solutions (MM) NASDAQ:ADSX NASDAQ Common Stock
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Digital Angel Corporation's Signature Industries Subsidiary to Feature New G2R Emergency Search and Rescue Beacon at Internation

13/06/2005 1:30pm

PR Newswire (US)


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Digital Angel Corporation's Signature Industries Subsidiary to Feature New G2R Emergency Search and Rescue Beacon at International Paris Air Show SO. ST. PAUL, Minn., June 13 /PRNewswire-FirstCall/ -- Digital Angel Corporation (AMEX:DOC), an advanced technology company in the field of rapid and accurate identification, location tracking, and condition monitoring of high-value assets, announced today that its London-based subsidiary, Signature Industries, will be exhibiting many of its products including its SARBE G2R(R), a highly-advanced search and rescue beacon designed to maximize the survival potential of any air crew in distress, at the 46th annual International Paris Air Show in Paris from June 13-16, 2005. Signature Industries, through its SARBE(R) division, manufactures a complete military combat personal locator beacon (PLB) system as well as peacetime military search and rescue beacons and provides them to more than 40 countries worldwide including the Royal Air Force in Great Britain and the Indian Air Force. The G2R is the most advanced of the full line of SARBE search and rescue and personal locator beacons used in the event of an ejection or other event requiring emergency evacuation of an aircraft in a remote, dangerous or hostile location. The G2R, which since its launch has been successfully tested in a number of countries and is currently under evaluation by many more, uses the COSPAS/SARSAT and GPS satellite constellations and incorporates the latest electronic technology required for a military combat emergency operation. The G2R forms the basis from which all future SARBE beacons will be derived. Signature Industries is currently partnering with Cubic Defense Applications, a subsidiary of Cubic Corporation, to integrate the G2R with Cubic's latest aircraft mounted Personnel Locator System, the AN/ARS-6 V12. "This international show allows us a chance to highlight what we believe is the future of search and rescue beacon technology, our G2R," said Kevin McGrath, CEO of Digital Angel. "We are now in our fifth decade of manufacturing personal locator beacons and this exciting product is the culmination of our technology and our expertise. We are currently pursuing a substantial number of opportunities based on the interest the G2R has generated from several armed forces around the world and successful trials of the beacon have been completed." Also on display will be the recently launched BE369/406 ADELM (Aerial Deployed Emergency Location Marker). This unit has recently entered service with the United Kingdom Royal Air Force. ADELM offers virtually instant alerting of an incident through the COSPAS-SARSAT global satellite network, ensuring a rescue mission can be deployed much faster than was previously possible. The Signature Industries/SARBE booth will be located at Hall 3, Stand 5 at the show. About SARBE G2R The SARBE G2R Pilot Recovery System has a considerable range of features which provide optimum opportunity for early and safe recovery of downed pilots. These features include GPS location, data encryption, combat programming, random burst transmission, covert channel selection, speech transmission and automated activation. The new SARBE system has been designed to take advantage of a new generation of satellites that are expected to be deployed over the next few years. Signature Industries' SARBE division provides military rescue beacons to over 40 countries worldwide and is the major provider of beacons to the UK Ministry of Defense. 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, humans, 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 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 the Company's majority stockholder, Applied Digital Solutions, Inc. owns 55.2% of the Company's common stock; that new accounting pronouncements may impact the Company's future results of operation; that the Company may continue to incur losses, that infringements by third parties on the Company's intellectual property or development of substantially equivalent proprietary technology by the Company's competitors could negatively affect the Company's business; that domestic and foreign government regulation and other factors could impair the Company's ability to develop and sell the Company's products in certain markets; that the Company relies on sales to government contractors of its animal identification products, and any decline in the demand by these customers for the Company's products could negatively affect the Company's business; that the Company depends on a single production arrangement for its patented syringe-injectable microchips; that the Company depends on principal customers; that the Company competes with other companies and the products sold by the Company's competitors could become more popular than the Company's products or render the Company's products as obsolete; that the Company's earnings will decline if the Company must write-off goodwill and other intangible assets; that the exercise of options and warrants outstanding and available for issuance may adversely affect the market price of the Company's common stock ;that currency exchange rate fluctuations could have an adverse effect on the Company's sales and financial results; and that the Company depends on a small team of senior management and the Company may have difficulty attracting and retaining additional personnel. 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, 2004. 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. Contact: Allen & Caron Inc. Michael Lucarelli (investors) Brian Kennedy (media) 212-691-8087 212-691-8087 DATASOURCE: Digital Angel Corporation CONTACT: Investors, Michael Lucarelli, , or Brian Kennedy, , both of Allen & Caron Inc., +1-212-691-8087, for Digital Angel Corporation Web site: http://www.digitalangelcorp.com/

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