Applied Digital Solutions (NASDAQ:ADSX)
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Digital Angel Corporation (Amex: DOC) today announced it has hired Rae
Powell as Vice President of Sales and Marketing for its North American
Animal Applications business, reinforcing its commitment to expand its
animal applications efforts. Powell will report directly to Lasse
Nordfjeld, President – Animal Applications
Division.
With more than a decade of industry experience, Powell’s
appointment is further evidence of Digital Angel’s
commitment to building a world-class executive team capable of
implementing a diverse, global business plan and driving shareholder and
market value.
“Digital Angel has made significant progress
in a number of critical areas, including; electronic tags for livestock,
implantable pet I.D. chips and, most recently, a landmark patent for a
glucose-sensing RFID technology that we hope some day will revolutionize
how diabetics manage their disease,” said
Digital Angel CEO and President Kevin McGrath. “Rae’s
industry expertise will help us continue this momentum and further
establish our leadership position in advanced RFID microchips.”
Powell joins Digital Angel from Merial Limited, where he served as
Regional Director, managing the company’s
Western U.S. operations. In this position, Powell oversaw more than $40
million in annual sales, frequently exceeding sales goals in the company’s
most customer-diverse region. Additionally, Powell successfully launched
several new product lines and significantly revamped the marketing
programs for existing products. He is an active member of the Texas
Cattle Feeders Association and has worked closely with farmers and
ranchers throughout the country.
“We believe Rae’s
sales and marketing experience will prove invaluable as Digital Angel
continues to enter new markets and explores the full applications of its
technologies,” said Lasse Nordfjeld, Digital
Angel’s President, Animal Applications
Division. “Animal Applications remains an
essential component of Digital Angel’s
business model, and Rae has proven his ability to successfully
communicate the need for responsible innovation within the livestock
industry.”
“Digital Angel is the recognized leader in
the RFID market,” said Powell, adding “From
the perspective of a sales and marketing executive, Digital Angel’s
commitment to developing highly practical technologies that appeal to
sensible, cost conscious, consumers, has allowed the company to build a
solid reputation and uncover the full potential of its products.
Producers do not buy what they don’t need;
Digital Angel’s continued growth represents a
distinct shift in the way the livestock community perceives RFID
technology.”
Additionally, the company announced last month that its 2006 sales of
electronic RFID livestock tags have exceeded full-year 2005 sales of the
tags. The increased awareness of potential animal health issues and the
importance of livestock traceability fueled the record-breaking sales.
In addition to the United States, Europe and Canada, Digital Angel now
sells electronic tags in Central America and South America.
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 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.
Digital Angel Corporation (Amex: DOC) today announced it has hired
Rae Powell as Vice President of Sales and Marketing for its North
American Animal Applications business, reinforcing its commitment to
expand its animal applications efforts. Powell will report directly to
Lasse Nordfjeld, President - Animal Applications Division.
With more than a decade of industry experience, Powell's
appointment is further evidence of Digital Angel's commitment to
building a world-class executive team capable of implementing a
diverse, global business plan and driving shareholder and market
value.
"Digital Angel has made significant progress in a number of
critical areas, including; electronic tags for livestock, implantable
pet I.D. chips and, most recently, a landmark patent for a
glucose-sensing RFID technology that we hope some day will
revolutionize how diabetics manage their disease," said Digital Angel
CEO and President Kevin McGrath. "Rae's industry expertise will help
us continue this momentum and further establish our leadership
position in advanced RFID microchips."
Powell joins Digital Angel from Merial Limited, where he served as
Regional Director, managing the company's Western U.S. operations. In
this position, Powell oversaw more than $40 million in annual sales,
frequently exceeding sales goals in the company's most
customer-diverse region. Additionally, Powell successfully launched
several new product lines and significantly revamped the marketing
programs for existing products. He is an active member of the Texas
Cattle Feeders Association and has worked closely with farmers and
ranchers throughout the country.
"We believe Rae's sales and marketing experience will prove
invaluable as Digital Angel continues to enter new markets and
explores the full applications of its technologies," said Lasse
Nordfjeld, Digital Angel's President, Animal Applications Division.
"Animal Applications remains an essential component of Digital Angel's
business model, and Rae has proven his ability to successfully
communicate the need for responsible innovation within the livestock
industry."
"Digital Angel is the recognized leader in the RFID market," said
Powell, adding "From the perspective of a sales and marketing
executive, Digital Angel's commitment to developing highly practical
technologies that appeal to sensible, cost conscious, consumers, has
allowed the company to build a solid reputation and uncover the full
potential of its products. Producers do not buy what they don't need;
Digital Angel's continued growth represents a distinct shift in the
way the livestock community perceives RFID technology."
Additionally, the company announced last month that its 2006 sales
of electronic RFID livestock tags have exceeded full-year 2005 sales
of the tags. The increased awareness of potential animal health issues
and the importance of livestock traceability fueled the
record-breaking sales. In addition to the United States, Europe and
Canada, Digital Angel now sells electronic tags in Central America and
South America.
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 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.