FAA Approves Digital Angel's New Satellite Transceiver - CommPoint 3 (CP3)
August 11 2005 - 10:00AM
PR Newswire (US)
CP3 Key Step Toward Tracking International Commercial, Military
Aircraft, Ground Vehicles in Any Weather Conditions SO. ST. PAUL,
Minn., Aug. 11 /PRNewswire/ -- 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 OuterLink
subsidiary has received approval from the Federal Aviation
Administration (FAA) for its new satellite radio transceiver,
called the CommPoint 3 (CP3) Satcom Data Terminal, that can track a
wide variety of international commercial, military aircraft and
ground vehicles in any weather condition, even when other
traditional communication modes are disrupted. The CP3 is smaller,
lighter and easier to install than its predecessor, the CP2, and,
with models to be introduced in the fall, will allow OuterLink for
the first time to address the international tracking marketplace.
"The FAA regulatory approval allows us to offer this product to
both international commercial and military customers and utilizes
advanced components to track vital equipment in locations and
circumstances such as heavy storms or where aircraft are not
trackable by radar," said Digital Angel CEO Kevin McGrath. "Because
we will be able to address the international and military market,
this new product has the potential to drive revenue increases which
could be many times OuterLink's existing revenue base." The CP3,
although similar and compatible with the CP2, incorporates features
that enable it to operate with communication satellites on a global
basis. This capability will facilitate expansion of communication
coverage from the existing North American service area to
transoceanic and other continents, eventually providing global
capability which is essential for providing real-time mobile asset
management capabilities for the U.S. Department of Homeland
Security and military markets. The CP3, which will be commercially
available in the fourth quarter of 2005, received FAA approval for
a Supplemental Type Certificate (STC) for use on Bell 206 and 206L
series aircraft. The Bell 206 series is the world's largest civil
helicopter fleet. For use in the Bell series, the CP3 was expressly
designed to operate in the high vibration environment that a
rotor-based aircraft produces. In addition to its real-time flight
following (30-second transmit intervals), the CP3 offers a
multitude of interfaces with aircraft systems and sensors. The CP3
provides eight discrete sensor input ports as well as eight
discrete actuator output ports. These sensor lines can be used to
trigger a transmission upon change of state and report events such
as "weight off wheels," "engine over temp," or other significant
aircraft status information. The CP3 has multiple serial data ports
that can connect to displays and external processors, such as
vibration monitoring, Flight Data Computer, Electronic Flight Bag
(EFB), etc. for secure data messaging. The CP3 electronics unit
weight has been reduced to 4-3/4 pounds, ideal for helicopter and
light fixed wing aircraft. About OuterLink Based in Lowell, MA,
OuterLink, a Digital Angel subsidiary, provides satellite-based
mobile asset tracking and data messaging systems. Used to manage
the deployment of aircraft and land vehicles, these systems provide
real-time location reporting, secure bi-directional data
communication and comprehensive asset management software. They
enable ground personnel to track the minute-by-minute movement of
mobile assets, monitor on-board sensors and conduct bi-directional
messaging with aircraft pilots and ground vehicle operators. For
more information, visit http://www.outerlink.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 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 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
and 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, 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. Mike Lucarelli
(investors) Len Hall (media) (212) 691-8087 (949) 474-4300
DATASOURCE: Digital Angel Corporation CONTACT: Investors, Mike
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/ http://www.outerlink.com/
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