Digital Angel Corporation Receives Patent for Multi-Directional Cattle-Scanning Device
March 18 2004 - 6:35AM
PR Newswire (US)
Digital Angel Corporation Receives Patent for Multi-Directional
Cattle-Scanning Device SO. ST. PAUL, Minn., March 18
/PRNewswire-FirstCall/ -- Digital Angel Corporation , an advanced
technology company in the field of rapid and accurate
identification, location tracking, and condition monitoring of
high-value assets, today announced that it has received a United
States patent for a "multi-directional walk-through antenna", a
scanning device for cattle and other livestock much like the metal
detector at an airport, for reading RFID wearable tags and
implantable chips. The antenna incorporates a new design that
enables easier and more accurate scanning of animals, eliminating
many of the technical challenges associated with scanning animals
that can result from differing tag placements and random animal
movement. The multi-directional walk-through antenna has been
granted patent number 6,700,547. Kevin Nieuwsma, President of the
Company's RFID Division, commented, "Digital Angel already develops
and markets a full line of livestock identification products,
ranging from visual ID tags sold since 1945, to RFID wearable tags
and RFID implantable chips, along with scanners that read these
devices. Digital Angel also designs and develops the software
integration tools necessary to tie all these components together
into a seamless system for recording the location and movement of
identified animals. The antenna will be marketed as an integral
part of an automatic system for monitoring cattleand other
livestock while they are processed throughout their lifecycle,
which should make the industry more efficient in its animal
movement tracking capability." Chief Executive Officer Kevin
McGrath stated, "The receipt of this patent underscores Digital
Angel's continued R&D commitment to innovation and enhancement
of existing products in the new and emerging markets we operate in.
Since the discovery in the State of Washington of a cow with BSE
(mad cow disease) in December of 2003, Digital Angel has been
building on its existing technology base in anticipation of a
nationally mandated cattle tracking program in the U.S., as well as
in Canada, which has already committed to the implementation of an
RFID cattle program in 2005. This and other patents should allow
Digital Angel to maintain its technology leadership position in
this important market segment." 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 Wireless and Monitoring segment's ability to achieve
profitability, 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:
investors, Jay F. McKeage, +1-212-691-8087, , or media, Len Hall,
+1-949-474-4300, , both of Allen & Caron Inc, for Digital Angel
Corporation. DATASOURCE: Digital Angel Corporation CONTACT:
investors, Jay F. McKeage, +1-212-691-8087, , or media, Len Hall,
+1-949-474-4300, , both of Allen & Caron Inc, for Digital Angel
Corporation Web site: http://www.digitalangelcorp.com/
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