Applied Digital Solutions (NASDAQ:ADSX)
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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/