Digital Angel Corporation to Introduce Its Proprietary Bio-Thermo(TM) (Temperature-Sensing) Implantable RFID Microchip and Ident
December 05 2005 - 8:25AM
PR Newswire (US)
Early Detection of Increased Temperature May Prove Pivotal to
Identification and Control of Avian Flu Outbreaks SO. ST. PAUL,
Minn., Dec. 5 /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 it will
introduce its patented Bio-Thermo(TM) (temperature-sensing)
implantable RFID microchip and related identity system to
international poultry/bird markets with the initial geographic
emphasis in Asia. The comprehensive identity system includes the
implantable Bio-Thermo microchip and related identity and
temperature-sensing scanners that allow early identification of
temperature increases in individual birds which may permit rapid
identification and control of an outbreak of bird flu or other
avian diseases. Until now the Company has focused its implantable
RFID temperature sensing system on the companion pet and equine
marketplace. The system is in testing phases for other livestock
such as cattle and swine. "As disease and bio-terrorism
increasingly threaten the global food chain and the health of
humans and livestock, the Company has targeted new applications in
this area," said Kevin McGrath, President and CEO of Digital Angel.
He also noted that the Company's identity microchips have already
been used in avian identification applications. "Just as we made
our identification products available to Gulf Coast communities in
the aftermath of Hurricane Katrina, we believe that our proprietary
technology should be made available to threatened countries and
researchers working to control the spread of avian flu," said
McGrath. "We have had 200,000 bio-thermo chips manufactured for
this and companion pet applications and we are immediately prepared
to work with research institutions and government entities on any
further research necessary to control avian flu." "Our decision to
target the poultry markets is an extension of the success we've had
in implantable microchips in Asia and elsewhere. Clearly we have
sold more implantable microchips for animals than anyone in the
world," McGrath said. "As the only provider of temperature sensing
RFID microchips in the world for livestock, the detection of
elevated temperatures in avian populations represents a new yet
natural application of our technology. Since early detection of
temperature increases could be important to identifying and
controlling bird flu outbreaks, our Bio-Thermo identity system may
prove instrumental in dealing with the disease in a cost effective
manner within the confines of a poultry farm." McGrath said Leo
Ortenblad, Managing Director of Digital Angel's International
Animal Applications sales activities, will lead the initiative.
"Leo is an eight year veteran of Digital Angel and, because he has
broad experience in Asia and other international markets, he is
ideally suited to leading this effort," McGrath said. 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 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 Inc. owns 55.4% 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 Media, 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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