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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/