Digital Angel Corporation Selected by State of Kansas for USDA-Funded Pilot Project for Tracking Livestock During Transport
May 26 2005 - 8:30AM
PR Newswire (US)
Digital Angel Corporation Selected by State of Kansas for
USDA-Funded Pilot Project for Tracking Livestock During Transport
SO. ST. PAUL, Minn., May 26 /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 the
state of Kansas has selected Digital Angel to complete the final
phases of a National Animal Identification System pilot project
that tests satellite and cellular tracking and identification
systems for livestock during commercial transport. The project is
being conducted by Kansas State University under the auspices of
the Kansas Animal Health Department through funding from the U.S.
Department of Agriculture (USDA). The monitoring of cattle while
they are being transported is considered a key part of any national
livestock tracking and identification system, said Digital Angel
CEO Kevin McGrath. "In the normal course, cattle and other
livestock are transported throughout their lives. Any national
livestock tracking system, such as the ones being considered by the
USDA and the National Cattlemen's Beef Association, must include
traceability during transportation to be complete and
comprehensive," McGrath said. "Our system will provide the
necessary traceability of animals, automatically, recording all
data, including time, date, GPS location and unique animal
identification in a central database. Ultimately, when all cellular
and satellite systems are in place, this will allow traceability of
livestock from birth to the processing plant nearly anywhere in the
world." During Phase 1 of the pilot project Digital Angel
demonstrated that its proprietary animal tracking systems can
automatically identify cattle as they are loaded and unloaded into
commercial transportation trucks and provide a printed report that
includes the time, date and location of any movement of the cattle.
The Digital Angel system also stores the data automatically to the
selected remote data base location via a cellular network and, in
the future, via satellite. The final phases will include the
outfitting of the trucks and the instruction of the operators on
the use of the system, as well a demonstration of the system in an
actual commercial livestock transportation operation. Digital Angel
will outfit 15 cattle transportation trucks for field testing with
completion expected in November 2005, McGrath added. 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, humans,
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 the Company's majority
stockholder, Applied Digital Solutions, Inc. owns 55.2% 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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