U.S. Senate Urges Department of Agriculture to Consider Digital Angel RFID Technology in National Animal Identification Program
November 30 2005 - 9:25AM
PR Newswire (US)
Senate Version of 2006 Agriculture Appropriations Bill Makes
Specific Reference to Digital Angel Technology and Allocates $33.3
Million for Projects Related to National Animal ID Program SO. ST.
PAUL, Minn., Nov. 30 /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
U.S. Congress has set aside $33.3 million for projects related to
the national animal identification program. The Senate version of
the Bill urges the U.S. Department of Agriculture (USDA) to
consider Digital Angel's RFID technology in developing that
program. Language in the Senate version of the recently approved
FY2006 Agriculture Appropriations Bill noted that Digital Angel
RFID technology has already proven its value to the federal
government during the Company's 15-year relationship with the U.S.
Department of Energy and its work in the salmon fishing industry.
Digital Angel provides the government with electronic tags and
scanners to track salmon in fisheries throughout the Northwest.
Since the December 2003 incident of Mad Cow Disease (Bovine
Spongiform Encephalopathy) in the state of Washington, the USDA has
initiated the development of a national animal identification
program for cattle, with a target completion date of 2008-2009.
"Digital Angel has a proud history of leadership in animal
identification, specifically related to cattle, pigs and other
livestock, as well as fish and poultry, and our inclusion in the
senate version of this bill shows that the U.S. Senate has
recognized that," said Digital Angel CEO Kevin McGrath.
"Significant amounts of money have been spent for several years in
pilot programs to understand what technologies will work in animal
identification programs. We believe the information that has been
gathered is now advanced enough that a significant portion of the
money appropriated this year should be spent on the implementation
of a national ID program and we hope the USDA, through its Animal
and Plant Health Inspection Service (APHIS), agrees." Digital
Angel's proprietary and comprehensive RFID traceability system
includes electronic tags and scanners as well as a database system
that can provide for the registration, tracking and source
verification for the animals tagged in the national identification
program. The Company expects to sell more than 3 million electronic
RFID tags in the U.S. this year. 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: 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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