Digital Angel Introduces New Universal RFID Scanner For Companion Pet Market
November 14 2005 - 7:30AM
PR Newswire (US)
New Scanner Can Electronically Read or Detect Microchips Implanted
in Pets for Identity, Ownership Purposes SO. ST. PAUL, Minn., Nov.
14 /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 has developed and will
soon begin selling a new and significantly improved scanner that
can electronically read or detect any implanted RFID microchip
currently used for pet identification and ownership purposes in the
U.S. companion pet market. The new scanners are now in production
and are expected to be available for purchase by veterinarians,
animal shelters and clinics in late November. The new scanner was
designed to read the vast majority of chips in the nation's
expanding companion pet marketplace that use a 125 kHz radio
frequency including chips that are encrypted. The new scanner can
also detect the presence of a 134 kHz radio frequency chip, also
called an ISO chip, which is commonly used outside the country but
is present in a small number of pets in the U.S. The new scanner
was developed in response to recent Congressional action calling
for a more universal microchip reader and to accommodate
veterinarians, pet clinics and pet advocacy groups concerned that a
lost pet could unnecessarily be harmed or euthanized if an
implanted microchip could not be detected by older scanner models.
In the case of the ISO chip, the new Digital Angel scanner will now
indicate that a microchip is present in the pet, which will allow
the necessary steps to be taken to insure identification of the
animal and its ownership. "Our desire is to improve the
capabilities of the microchip scanner product considerably and, at
the same time, respond to valid concerns that a pet might be
euthanized or lost to its family permanently if a scanner failed to
detect an implanted chip," said Digital Angel CEO Kevin McGrath.
"We believe this new product again demonstrates that we are the
leaders in the national pet identification market and that we are
agile enough to adapt to any changes or new needs in the
marketplace. We look forward to working closely with all members of
our country's companion pet industry to help ensure that any lost
pet can be quickly identified and returned to its owners." Of the
approximately 135 million dogs and cats in the United States, it is
estimated that as many as 10 million have been implanted with a
microchip. More than 7,000 pets per month are recovered in the U.S.
using the related registration and recovery systems. 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 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 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: Michael Lucarelli, investors, +1-212-691-8087, , or Brian
Kennedy, media, +1-212-691-8087, , both of Allen & Caron Inc
Web site: http://www.digitalangelcorp.com/
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