Applied Digital Solutions (NASDAQ:ADSX)
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Digital Angel Corporation's Signature Industries Unit SARBE(R)
Announces at Farnborough 2004 Last Opportunity for Customers to Purchase Legacy
Products
SO. ST. PAUL, Minn., July 21 /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 subsidiary, London-based Signature
Industries will stop manufacturing certain older SARBE products during the year
2005. Signature announced that orders for models SARBE 5, 6, 7, and 8, will be
accepted only until January 2005, with deliveries planned during 2005.
Batteries, spares, service and support will still be available after that date.
SARBE is the world's leading brand of Personal Locator Beacons, with equipment
in use by the armed forces of over 40 countries. Improvements in technology
enable the latest SARBE equipment to offer customers distinct benefits over the
effective yet older models. Signature advises organizations that use the older
products to plan purchasing strategies that will ensure not only the
maintenance of current inventory needs, but additionally, the replacement of
beacons within the next 5 years. Organizations using this type of equipment
should note that changes in the satellite monitoring facilities for Personal
Locator Beacons mean that older products face obsolescence by 2009.
The newly launched SARBE G2R Pilot Recovery System has a considerable range of
features, providing 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 G2R system has been designed to take advantage of a new
generation of satellites that are expected to be deployed over the next few
years. G2R forms the basis from which future beacons will be derived. The
modular design of G2R allows a range of models to be available offering similar
features and functionality to SARBE 5, 6, 7 and 8.
The biggest change in the latest SARBE system is that all models now will be
available with 406MHz; which is a different radio frequency than past models
and also embedded with GPS. SARBE staff will be available to offer technical
advice and support at the Farnborough 2004 Show located at SARBE, Stand No. A7,
HALL 1.
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 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, Mike Lucarelli,
+1-212-691-8087, , or Media, Len Hall, +1-949-474-4300, , both of Allen & Caron
Inc.; or Karen Mascarenhas of Mascarenhas PR, (44) 020-8488-5949, ; all for
Digital Angel Corporation; or Brian Clayton of SARBE, Signature Industries,
(44) 020-8317-1717; SARBE, Stand No. A7, HALL 1.
DATASOURCE: Digital Angel Corporation
CONTACT: investors, Mike Lucarelli, +1-212-691-8087,
, or media, Len Hall, +1-949-474-4300,
, both of Allen & Caron Inc.; or Karen Mascarenhas of
Mascarenhas PR, (44) 020-8488-5949, ; all for Digital Angel
Corporation; or Brian Clayton of SARBE, Signature Industries,
(44) 020-8317-1717; SARBE, Stand No. A7, HALL 1
Web site: http://www.digitalangelcorp.com/