Digital Angel Receives Approval for New SARBE G2R Emergency Location Transmitter with GPS Capability From Cospas-Sarsat
May 15 2006 - 7:30AM
PR Newswire (US)
Transmitter Designed for Military is Lighter, More Secure Than
Competition SO. ST. PAUL, Minn., May 15 /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, has
received approval from Cospas-Sarsat for a new emergency location
transmitter (ELT) that is designed to be lighter and more secure
than its competition. The new SARBE(R) G2R-ELT will be used for
military aircraft to broadcast the identity and GPS (Global
Positioning System) location of an aircraft after an emergency
landing. For combat operations, the G2R-ELT can be programmed using
sophisticated encryption and signaling techniques that operate
automatically in an emergency landing. "We developed the
lightweight G2R-ELT after listening closely to the needs of our
customers," said David Cairnie, CEO of Signature Industries. "The
typical ELTs on the market today are heavy, not covert, and
susceptible to damage through complex installation requirements.
Our new product has eliminated those issues and we believe it fits
the demands of the international market." The new ELT will also be
available in a commercial version for helicopters and fixed-wing
aircraft. Cospas-Sarsat, an agency overseen by the U.S., France,
Russia and Canada, is an international satellite system that uses
spacecraft and ground facilities to provide distress alert and
location data to search and rescue operations around the world. The
system is responsible for saving more than 17,000 lives since its
inception in 1988. About Signature Industries SARBE is a major
supplier of Search and Rescue (SAR) military air crew Pilot Locator
Beacons (PLBs) and other military rescue beacons for use in the
event of an ejection or other event requiring emergency evacuation
of an aircraft in a remote, possibly hostile location. Now in its
fifth decade of developing and manufacturing PLBs, SARBE is the
chosen supplier of PLBs in more than 40 countries worldwide.
Signature Industries is majority owned by Digital Angel
Corporation. For more information about Signature Industries, visit
http://www.signatureindustries.com/ 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 Applied Digital Inc. owns 55.4%
of the Company's common stock, that 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 assets, 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) Len Hall (media) 212-691-8087 212-691-8087
DATASOURCE: Digital Angel Corporation CONTACT: Investors, Michael
Lucarelli, , or Media, Len Hall, , both of Allen & Caron Inc,
+1-212-691-8087, for Digital Angel Corporation Web site:
http://www.signatureindustries.com/ Web site:
http://www.digitalangelcorp.com/
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