Digital Angel Completes Landmark RFID Antenna Project at Bonneville Dam
March 23 2006 - 8:00AM
PR Newswire (US)
Massive Antenna to be Installed Today Will Track Salmon in Columbia
River Basin SO. ST. PAUL, Minn., March 23 /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 16-foot by 16-foot RFID (Radiofrequency
Identification) antenna designed to electronically track the salmon
population in the Columbia River in Oregon will be installed today
near the Bonneville Lock and Dam. The antenna, thought to be the
world's largest RFID tower, was developed by Digital Angel in
conjunction with the Bonneville Power Administration (BPA). The
antenna will be placed in the Bonneville Corner Collector, a
high-flow, multi-million dollar surface bypass route developed by
the Army Corps of Engineers and the BPA to move fish safely past
the Bonneville Lock and Dam. The antenna is capable of
electronically detecting previously tagged fish in only 1/30th of a
second. Digital Angel is a leader in developing microchips for
tagging fish and large RFID antenna systems that, despite their
size, can detect and read the standard fisheries encapsulated tags
only 12 millimeters long. When salmon tagged with the passive
integrated transponder (PIT) microchips pass through the antenna,
the antenna turns on the PIT tag and the PIT tag in turn sends a
unique identifying number to operators of the database where
important information such as the species, journey origin and age
of each fish is logged. Such information is critical for
maintaining healthy ecosystems for the indigenous fish population.
"This project demonstrates that our RFID technology has a wide
variety of uses," said Kevin McGrath, President and CEO of Digital
Angel. "In this case, our technology provides the most efficient
and least invasive monitoring capabilities for sensitive objects
such as salmon. This tower will help the local community protect a
precious natural resource for generations to come." Since the early
1990s, Digital Angel has been developing, manufacturing and
installing implantable passive integrated transponders and reader
systems for the federal Columbia and Snake River hydroelectric
projects. For the past two years, the Company has been working on
the development of large antenna systems, specifically for the
Bonneville Corner Collector. 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 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, Applied Digital Solutions, Inc. owns
55.4% of the Company's common stock, new accounting pronouncements
regarding expensing of share based compensation may impact the
Company's future results of operations, the Company may continue to
incur net losses, infringement by third parties on the Company's
intellectual property or development of substantially equivalent
proprietary technology by the Company's competitors could
negatively impact the Company's business, domestic and foreign
government regulation and other factors could impair the Company's
ability to develop and sell its products in certain markets, the
Company relies on sales to government contractors for its animal
identification and search and rescue beacon products, and any
decline in the demand by these customers for such products could
negatively affect the Company's business, the Company depends on a
single production arrangement for its patented syringe-injectable
microchips, and the loss of or any significant reduction in the
production could have an adverse effect on the Company's business,
technological change could cause the Company's products to become
obsolete, the loss of one of the Company's principal customers
could negatively impact the Company's net revenue, the Company's
earnings will decline if the Company writes off goodwill and other
intangible assts, options and warrants outstanding and available
for issuance may adversely affect the market price of the Company's
common stock, currency exchange rate fluctuations could have an
adverse effect on the Company's sales and financial results, the
Company depends on a small team of senior management. 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, 2005. 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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