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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 Receives Approval for New SARBE G2R Emergency Location Transmitter with GPS Capability From Cospas-Sarsat

15/05/2006 1:30pm

PR Newswire (US)


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Transmitter Designed for Military is Lighter, More Secure Than Competition SO. ST. PAUL, Minn., May 15 /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, has received approval from Cospas-Sarsat for a new emergency location transmitter (ELT) that is designed to be lighter and more secure than its competition. The new SARBE(R) G2R-ELT will be used for military aircraft to broadcast the identity and GPS (Global Positioning System) location of an aircraft after an emergency landing. For combat operations, the G2R-ELT can be programmed using sophisticated encryption and signaling techniques that operate automatically in an emergency landing. "We developed the lightweight G2R-ELT after listening closely to the needs of our customers," said David Cairnie, CEO of Signature Industries. "The typical ELTs on the market today are heavy, not covert, and susceptible to damage through complex installation requirements. Our new product has eliminated those issues and we believe it fits the demands of the international market." The new ELT will also be available in a commercial version for helicopters and fixed-wing aircraft. Cospas-Sarsat, an agency overseen by the U.S., France, Russia and Canada, is an international satellite system that uses spacecraft and ground facilities to provide distress alert and location data to search and rescue operations around the world. The system is responsible for saving more than 17,000 lives since its inception in 1988. About Signature Industries SARBE is a major supplier of Search and Rescue (SAR) military air crew Pilot Locator Beacons (PLBs) and other military rescue beacons for use in the event of an ejection or other event requiring emergency evacuation of an aircraft in a remote, possibly hostile location. Now in its fifth decade of developing and manufacturing PLBs, SARBE is the chosen supplier of PLBs in more than 40 countries worldwide. Signature Industries is majority owned by Digital Angel Corporation. For more information about Signature Industries, visit http://www.signatureindustries.com/ 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 humans, pets, fish, poultry 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 Applied Digital Inc. owns 55.4% of the Company's common stock, that new accounting pronouncements regarding expensing of share based compensation may impact the Company's future results of operations, the Company may continue to incur net losses, infringement by third parties on the Company's intellectual property or development of substantially equivalent proprietary technology by the Company's competitors could negatively impact the Company's business, domestic and foreign government regulation and other factors could impair the Company's ability to develop and sell its products in certain markets, the Company relies on sales to government contractors for its animal identification and search and rescue beacon products, and any decline in the demand by these customers for such products could negatively affect the Company's business, the Company depends on a single production arrangement for its patented syringe-injectable microchips, and the loss of or any significant reduction in the production could have an adverse effect on the Company's business, technological change could cause the Company's products to become obsolete, the loss of one of the Company's principal customers could negatively impact the Company's net revenue, the Company's earnings will decline if the Company writes off goodwill and other intangible assets, options and warrants outstanding and available for issuance may adversely affect the market price of the Company's common stock, currency exchange rate fluctuations could have an adverse effect on the Company's sales and financial results, the Company depends on a small team of senior management. 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, 2005. 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) Len Hall (media) 212-691-8087 212-691-8087 DATASOURCE: Digital Angel Corporation CONTACT: Investors, Michael Lucarelli, , or Media, Len Hall, , both of Allen & Caron Inc, +1-212-691-8087, for Digital Angel Corporation Web site: http://www.signatureindustries.com/ Web site: http://www.digitalangelcorp.com/

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