Digital Angel Corporation's Signature Industries Subsidiary to Feature New G2R Emergency Search and Rescue Beacon at Internation
June 13 2005 - 7:30AM
PR Newswire (US)
Digital Angel Corporation's Signature Industries Subsidiary to
Feature New G2R Emergency Search and Rescue Beacon at International
Paris Air Show SO. ST. PAUL, Minn., June 13 /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, will
be exhibiting many of its products including its SARBE G2R(R), a
highly-advanced search and rescue beacon designed to maximize the
survival potential of any air crew in distress, at the 46th annual
International Paris Air Show in Paris from June 13-16, 2005.
Signature Industries, through its SARBE(R) division, manufactures a
complete military combat personal locator beacon (PLB) system as
well as peacetime military search and rescue beacons and provides
them to more than 40 countries worldwide including the Royal Air
Force in Great Britain and the Indian Air Force. The G2R is the
most advanced of the full line of SARBE search and rescue and
personal locator beacons used in the event of an ejection or other
event requiring emergency evacuation of an aircraft in a remote,
dangerous or hostile location. The G2R, which since its launch has
been successfully tested in a number of countries and is currently
under evaluation by many more, uses the COSPAS/SARSAT and GPS
satellite constellations and incorporates the latest electronic
technology required for a military combat emergency operation. The
G2R forms the basis from which all future SARBE beacons will be
derived. Signature Industries is currently partnering with Cubic
Defense Applications, a subsidiary of Cubic Corporation, to
integrate the G2R with Cubic's latest aircraft mounted Personnel
Locator System, the AN/ARS-6 V12. "This international show allows
us a chance to highlight what we believe is the future of search
and rescue beacon technology, our G2R," said Kevin McGrath, CEO of
Digital Angel. "We are now in our fifth decade of manufacturing
personal locator beacons and this exciting product is the
culmination of our technology and our expertise. We are currently
pursuing a substantial number of opportunities based on the
interest the G2R has generated from several armed forces around the
world and successful trials of the beacon have been completed."
Also on display will be the recently launched BE369/406 ADELM
(Aerial Deployed Emergency Location Marker). This unit has recently
entered service with the United Kingdom Royal Air Force. ADELM
offers virtually instant alerting of an incident through the
COSPAS-SARSAT global satellite network, ensuring a rescue mission
can be deployed much faster than was previously possible. The
Signature Industries/SARBE booth will be located at Hall 3, Stand 5
at the show. About SARBE G2R The SARBE G2R Pilot Recovery System
has a considerable range of features which provide optimum
opportunity for early and safe recovery of downed pilots. These
features include GPS location, data encryption, combat programming,
random burst transmission, covert channel selection, speech
transmission and automated activation. The new SARBE system has
been designed to take advantage of a new generation of satellites
that are expected to be deployed over the next few years. Signature
Industries' SARBE division provides military rescue beacons to over
40 countries worldwide and is the major provider of beacons to the
UK Ministry of Defense. 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, humans, 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 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 the
Company's majority stockholder, Applied Digital Solutions, Inc.
owns 55.2% of the Company's common stock; that new accounting
pronouncements may impact the Company's future results of
operation; that the Company may continue to incur losses, that
infringements by third parties on the Company's intellectual
property or development of substantially equivalent proprietary
technology by the Company's competitors could negatively affect the
Company's business; that domestic and foreign government regulation
and other factors could impair the Company's ability to develop and
sell the Company's products in certain markets; that the Company
relies on sales to government contractors of its animal
identification products, and any decline in the demand by these
customers for the Company's products could negatively affect the
Company's business; that the Company depends on a single production
arrangement for its patented syringe-injectable microchips; that
the Company depends on principal customers; that the Company
competes with other companies and the products sold by the
Company's competitors could become more popular than the Company's
products or render the Company's products as obsolete; that the
Company's earnings will decline if the Company must write-off
goodwill and other intangible assets; that the exercise of options
and warrants outstanding and available for issuance may adversely
affect the market price of the Company's common stock ;that
currency exchange rate fluctuations could have an adverse effect on
the Company's sales and financial results; and that the Company
depends on a small team of senior management and the Company may
have difficulty attracting and retaining additional personnel. 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. Michael
Lucarelli (investors) Brian Kennedy (media) 212-691-8087
212-691-8087 DATASOURCE: Digital Angel Corporation CONTACT:
Investors, Michael Lucarelli, , or Brian Kennedy, , both of Allen
& Caron Inc., +1-212-691-8087, for Digital Angel Corporation
Web site: http://www.digitalangelcorp.com/
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