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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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Swine Producer Protein Sources LLP Implements Digital Angel's PigSMART(TM) System for Improved Herd Management and Data Collecti

08/06/2004 1:35pm

PR Newswire (US)


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Swine Producer Protein Sources LLP Implements Digital Angel's PigSMART(TM) System for Improved Herd Management and Data Collection ST. PAUL, Minn., June 8 /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, today announced that swine producer Protein Sources LLP has agreed to install the PigSMART(TM) swine tracking system in all its owned and managed commercial sow farms. Based in Mapleton, MN, Protein Sources owns or manages over 20 sow farms, with each farm managing between 1,200 and 6,000 sows. Digital Angel's proprietary PigSMART system features the Company's patented radio-frequency identification (RFID) microchips, e.Tags(TM), scanning systems and software for frictionless data collection. The system incorporates the latest in wireless technology, web-enabled personal digital assistants (PDAs) and database design to provide utility and scalability, and provides real-time reports for immediate management decisions, trend analyses and performance assessments. Niels Fogt, Digital Angel's Director of Sales & Marketing said, "Protein Sources has always been a company with considerable foresight and leadership in the swine industry. We are thrilled that after collaborative development efforts between the two companies over the past 18 months that we are meeting the performance objectives set out for the PigSMART system. Installation of all the sow farms began this past summer. We believe PigSMART will help Protein Sources achieve its herd management efficiency goals and meet the data collection and information demands required by a large, low cost multi-farm system such as theirs." Fogt continued, "We're also looking forward to showcasing the PigSMART system for all industry participants later this week at the 2004 World Pork Expo, being held in Des Moines, IA, from June 10 to 12." Paul Fitzsimmons, Partner in Protein Sources, stated, "As a management tool, PigSMART allows us automatically to collect, report and store data on individual animals, personnel and husbandry practices. Among its specific benefits are individual animal quality and productivity reports, immediate on-farm access to production data for management decision making and elimination of remote data entry. PigSMART has increased the quality of the data we capture while at the same time reducing the time our farms spend gathering data. The result is a positive impact on our cost of production. Moreover, we look at PigSMART as a platform with which we can move towards the goal of total farm traceability in our industry." 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: Jay F. McKeage, investors, +1-212-691-8087, , or Len Hall, media, +1-949-474-4300, , both of Allen & Caron Inc, for Digital Angel Corporation. DATASOURCE: Digital Angel Corporation CONTACT: Jay F. McKeage, investors, +1-212-691-8087, , or Len Hall, media, +1-949-474-4300, , both of Allen & Caron Inc, for Digital Angel Corporation Web site: http://www.digitalangelcorp.com/

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