Royal Malaysian Air Force Places Order for SARBE Rescue Beacons from Digital Angel
November 28 2006 - 8:30AM
Business Wire
Digital Angel Corporation (AMEX: DOC) announced today that the
SARBE Division of its London-based subsidiary, Signature
Industries, has signed a new contract with Royal Malaysian Air
Force (RMAF) to provide SARBE G2R Personal Locator Beacon (PLB) for
use by fast jet and helicopter aircrew. RMAF has placed an initial
order of more than $115,000 and the Company believes that
additional orders approximating $2.5 million for such equipment
will be made by the Royal Malaysian Air Force in 2007. Training,
support and spares will be ongoing and are expected to generate
significant future revenue. �After a rigorous selection process,
we�re delighted the Royal Malaysian Air Force has chosen our SARBE
G2R Personal Locator Beacon,� said Kevin McGrath, CEO of Digital
Angel. �The Malaysian Air Force has used SARBE beacons for more
than 30 years. We look forward to a continued partnership by
providing RMAF with products that will perform in the most
demanding environments.� PLBs are routinely carried as standard
survival equipment by aircrews of fixed and rotary wing aircraft
and are used to summon assistance following an ejection or other
events resulting in crew evacuation. The new beacons offer
significantly improved alerting capabilities with much higher
levels of accuracy leading to the prospect of faster rescues and
better survival prospects. A change in the satellite monitoring of
PLB distress transmissions has resulted in the need for military
organizations to replace older style analogue equipment with more
advanced digital beacons. As a result, SARBE G2R will eventually
replace the widely deployed SARBE 6 PLB. Signature Industries is
working with customers around the world to help ensure SARBE
beacons retain their position as market leader for this type of
equipment. The SARBE Division of Signature Industries manufactures
a complete line of military search and rescue beacons and has
worked with RMAF for more than 30 years and the UK Ministry of
Defense for more than 50 years. 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, poultry 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 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
Applied Digital Inc. owns 55.4% of the Company�s common stock, that
new accounting pronouncements regarding expensing of share based
compensation may impact the Company�s future results of operations,
the Company may continue to incur net losses, infringement by third
parties on the Company�s intellectual property or development of
substantially equivalent proprietary technology by the Company�s
competitors could negatively impact the Company�s business,
domestic and foreign government regulation and other factors could
impair the Company�s ability to develop and sell its products in
certain markets, the Company relies on sales to government
contractors for its animal identification and search and rescue
beacon products, and any decline in the demand by these customers
for such products could negatively affect the Company�s business,
the Company depends on a single production arrangement for its
patented syringe-injectable microchips, and the loss of or any
significant reduction in the production could have an adverse
effect on the Company�s business, technological change could cause
the Company�s products to become obsolete, the loss of one of the
Company�s principal customers could negatively impact the Company�s
net revenue, the Company�s earnings will decline if the Company
writes off goodwill and other intangible assets, options and
warrants outstanding and available for issuance may adversely
affect the market price of the Company�s common stock, currency
exchange rate fluctuations could have an adverse effect on the
Company�s sales and financial results, the Company depends on a
small team of senior management. 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, 2005.
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. Digital Angel Corporation (AMEX: DOC) announced
today that the SARBE Division of its London-based subsidiary,
Signature Industries, has signed a new contract with Royal
Malaysian Air Force (RMAF) to provide SARBE G2R Personal Locator
Beacon (PLB) for use by fast jet and helicopter aircrew. RMAF has
placed an initial order of more than $115,000 and the Company
believes that additional orders approximating $2.5 million for such
equipment will be made by the Royal Malaysian Air Force in 2007.
Training, support and spares will be ongoing and are expected to
generate significant future revenue. "After a rigorous selection
process, we're delighted the Royal Malaysian Air Force has chosen
our SARBE G2R Personal Locator Beacon," said Kevin McGrath, CEO of
Digital Angel. "The Malaysian Air Force has used SARBE beacons for
more than 30 years. We look forward to a continued partnership by
providing RMAF with products that will perform in the most
demanding environments." PLBs are routinely carried as standard
survival equipment by aircrews of fixed and rotary wing aircraft
and are used to summon assistance following an ejection or other
events resulting in crew evacuation. The new beacons offer
significantly improved alerting capabilities with much higher
levels of accuracy leading to the prospect of faster rescues and
better survival prospects. A change in the satellite monitoring of
PLB distress transmissions has resulted in the need for military
organizations to replace older style analogue equipment with more
advanced digital beacons. As a result, SARBE G2R will eventually
replace the widely deployed SARBE 6 PLB. Signature Industries is
working with customers around the world to help ensure SARBE
beacons retain their position as market leader for this type of
equipment. The SARBE Division of Signature Industries manufactures
a complete line of military search and rescue beacons and has
worked with RMAF for more than 30 years and the UK Ministry of
Defense for more than 50 years. 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, poultry 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 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
Applied Digital Inc. owns 55.4% of the Company's common stock, that
new accounting pronouncements regarding expensing of share based
compensation may impact the Company's future results of operations,
the Company may continue to incur net losses, infringement by third
parties on the Company's intellectual property or development of
substantially equivalent proprietary technology by the Company's
competitors could negatively impact the Company's business,
domestic and foreign government regulation and other factors could
impair the Company's ability to develop and sell its products in
certain markets, the Company relies on sales to government
contractors for its animal identification and search and rescue
beacon products, and any decline in the demand by these customers
for such products could negatively affect the Company's business,
the Company depends on a single production arrangement for its
patented syringe-injectable microchips, and the loss of or any
significant reduction in the production could have an adverse
effect on the Company's business, technological change could cause
the Company's products to become obsolete, the loss of one of the
Company's principal customers could negatively impact the Company's
net revenue, the Company's earnings will decline if the Company
writes off goodwill and other intangible assets, options and
warrants outstanding and available for issuance may adversely
affect the market price of the Company's common stock, currency
exchange rate fluctuations could have an adverse effect on the
Company's sales and financial results, the Company depends on a
small team of senior management. 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, 2005.
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.
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