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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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FAA Approves Digital Angel's New Satellite Transceiver - CommPoint 3 (CP3)

11/08/2005 3:00pm

PR Newswire (US)


Applied Digital Solutions (NASDAQ:ADSX)
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CP3 Key Step Toward Tracking International Commercial, Military Aircraft, Ground Vehicles in Any Weather Conditions SO. ST. PAUL, Minn., Aug. 11 /PRNewswire/ -- 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 OuterLink subsidiary has received approval from the Federal Aviation Administration (FAA) for its new satellite radio transceiver, called the CommPoint 3 (CP3) Satcom Data Terminal, that can track a wide variety of international commercial, military aircraft and ground vehicles in any weather condition, even when other traditional communication modes are disrupted. The CP3 is smaller, lighter and easier to install than its predecessor, the CP2, and, with models to be introduced in the fall, will allow OuterLink for the first time to address the international tracking marketplace. "The FAA regulatory approval allows us to offer this product to both international commercial and military customers and utilizes advanced components to track vital equipment in locations and circumstances such as heavy storms or where aircraft are not trackable by radar," said Digital Angel CEO Kevin McGrath. "Because we will be able to address the international and military market, this new product has the potential to drive revenue increases which could be many times OuterLink's existing revenue base." The CP3, although similar and compatible with the CP2, incorporates features that enable it to operate with communication satellites on a global basis. This capability will facilitate expansion of communication coverage from the existing North American service area to transoceanic and other continents, eventually providing global capability which is essential for providing real-time mobile asset management capabilities for the U.S. Department of Homeland Security and military markets. The CP3, which will be commercially available in the fourth quarter of 2005, received FAA approval for a Supplemental Type Certificate (STC) for use on Bell 206 and 206L series aircraft. The Bell 206 series is the world's largest civil helicopter fleet. For use in the Bell series, the CP3 was expressly designed to operate in the high vibration environment that a rotor-based aircraft produces. In addition to its real-time flight following (30-second transmit intervals), the CP3 offers a multitude of interfaces with aircraft systems and sensors. The CP3 provides eight discrete sensor input ports as well as eight discrete actuator output ports. These sensor lines can be used to trigger a transmission upon change of state and report events such as "weight off wheels," "engine over temp," or other significant aircraft status information. The CP3 has multiple serial data ports that can connect to displays and external processors, such as vibration monitoring, Flight Data Computer, Electronic Flight Bag (EFB), etc. for secure data messaging. The CP3 electronics unit weight has been reduced to 4-3/4 pounds, ideal for helicopter and light fixed wing aircraft. About OuterLink Based in Lowell, MA, OuterLink, a Digital Angel subsidiary, provides satellite-based mobile asset tracking and data messaging systems. Used to manage the deployment of aircraft and land vehicles, these systems provide real-time location reporting, secure bi-directional data communication and comprehensive asset management software. They enable ground personnel to track the minute-by-minute movement of mobile assets, monitor on-board sensors and conduct bi-directional messaging with aircraft pilots and ground vehicle operators. For more information, visit http://www.outerlink.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 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 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 and 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, 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. Mike Lucarelli (investors) Len Hall (media) (212) 691-8087 (949) 474-4300 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., for Digital Angel Corporation Web site: http://www.digitalangelcorp.com/ http://www.outerlink.com/

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