Digital Angel Corporation Announces Initial Order of Proprietary Bio-Thermo(TM) Implantable Microchips for Japanese Companion Pe
November 16 2004 - 6:30AM
PR Newswire (US)
Digital Angel Corporation Announces Initial Order of Proprietary
Bio-Thermo(TM) Implantable Microchips for Japanese Companion Pet
Market Patent-Pending RFID Chips Provide Accurate Temperature
Readings in Addition to Pet Identification SO. ST. PAUL, Minn.,
Nov. 16 /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 had
received its first commercial order from Japan for its proprietary
Bio-Thermo(TM) Implantable Microchip, the pet industry's first
subdermal biosensor microchip that uses RFID (radiofrequency
identification) technology to identify a pet and provide an
accurate and reliable reading of its body temperature. Osaka,
Japan-based Dainippon Pharmaceutical, the exclusive Japanese
distributor of the Bio-Thermo microchip, has ordered 25,000 of the
chips for the Japanese companion pet market to be delivered in the
first quarter of 2005. The patent-pending Bio-Thermo microchip,
which will initially be sold to the approximately 8,000
veterinarian clinics in Japan, provides an easy, non-invasive way
to measure a pet's body temperature which is commonly used as an
indicator of its health. The Japanese pet market, which includes an
estimated 10 million dogs and 7.5 million cats, is the second
international market for the Bio-Thermo chips. The chips were first
introduced on a test basis in the United Kingdom in 2003. "Based on
the success of our first market venture in Great Britain, and the
great reception we received there from vets and pet owners, we
believe the Bio-Thermo chip could become the standard of practice
for veterinarians around the world," said Digital Angel Chief
Executive Officer Kevin McGrath. "As it is a reliable, automatic
way to monitor temperature, we believe our Bio-Thermo product has
applications in the livestock industry and for many other animals
as well." The non-invasive proprietary Bio-Thermo chip is based on
a newly developed integrated circuit that has the ability to
measure and monitor the temperature of an animal by passing a
proprietary hand held scanner over the area where the microchip is
implanted. 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, 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 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 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. Contact: Allen & Caron Inc Michael
Lucarelli (investors) Len Hall (media) 212-691-8087 949-474-4300
DATASOURCE: Digital Angel Corporation CONTACT: investors, Michael
Lucarelli, +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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