Digital Angel Donates Implantable RFID Microchips, Scanners to Aid in the Pet Identification Effort Following Hurricane Katrina
September 20 2005 - 8:35AM
PR Newswire (US)
Gulf Coast Animal Shelters Using Scanners to Identify Previously
'Chipped' Pets, Microchips to Link to Database of Information on
Lost Pets SO. ST. PAUL, Minn., Sept. 20 /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, today
announced that the Company and its distributor, Schering-Plough
(NYSE:SGP), are donating implantable RFID (radio-frequency
identification) microchips and scanners to animal shelters along
the Gulf Coast to help in the extensive pet identification effort
following Hurricane Katrina. To date, Digital Angel has provided
2,000 microchips and 28 scanners that Schering-Plough is
distributing to various animal shelters along the coasts of
Louisiana, Mississippi and Alabama. The scanners are being used by
the shelters to read microchips in pets that were previously
"chipped" but were dislocated from their owners by the hurricane.
The shelters are also implanting lost pets with microchips that
link the pets to a database being compiled containing important
information about the lost animals, including breed, size, weight,
and where and when they were found, that could help them eventually
be reunited with their owners. Digital Angel Chief Executive
Officer Kevin McGrath said the Company and Schering-Plough will
continue donating the microchips and scanners as the rebuilding
effort in the damaged area continues. Schering-Plough markets and
distributes the microchips and scanners as part of its HomeAgain(R)
Pet Recovery Service. "We are pleased to be part of this nationwide
effort to come to the aid of the people and the companion pets
affected by Hurricane Katrina," McGrath said. "Tragedies such as
this underscore the importance of permanent pet identification
through the use of implantable microchips. Thankfully, because of
the usefulness of the HomeAgain pet recovery system, many lost pets
are being united with their owners every day in the Gulf Coast
area." The HomeAgain Pet Recovery Service includes microchips,
readers, non- surgical injection systems and a national database.
The system involves the insertion of a microchip with a unique
10-digit number in the animal allowing electronic readers at animal
shelters, veterinary clinics and other locations throughout the
country to access the number and link it to a database containing
the name of the animal's owner and other information. 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,
livestock, and humans 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 a majority-owned
subsidiary of Applied Digital (NASDAQ:ADSX). For more information
about Digital Angel, visit the company's website at
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 Inc. owns 55.4% 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
substantiallyequivalent 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 Joe Allen (investors) Brian Kennedy (media) 212-691-8087
212-691-8087 DATASOURCE: Digital Angel Corporation Contact:
investors, Joe Allen, , or media, Brian Kennedy, , both of Allen
& Caron Inc, +1-212-691-8087, for Digital Angel Corporation Web
site: http://www.digitalangelcorp.com/
Copyright
Applied Digital Solutions (NASDAQ:ADSX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Applied Digital Solutions (NASDAQ:ADSX)
Historical Stock Chart
From Jul 2023 to Jul 2024