ADSX Applied Digital Solutions (MM)

Cubic Corporation and Digital Angel Corporation's Signature Industries Subsidiary Form Search and Rescue Strategic Partnership Global Industry Leaders Reach Agreement on System Interoperability in Military and Civilian Search and Rescue Systems ST. PAUL, Minn., July 19 /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 San Diego-based Cubic Defense Applications, a subsidiary of Cubic Corporation (AMEX:CUB), and Digital Angel's London based subsidiary Signature Industries, have formed an industry leading search and rescue strategic partnership to provide integration between the Signature SARBE(R) G2R hand held emergency beacon and Cubic's aircraft mounted Personnel Locator System (PLS). Both companies specialize in the development of search and rescue equipment for military and civil applications. Signature Industries, through its SARBE unit, has been supplying rugged search and rescue beacons to the armed forces of more than 40 countries for over 50 years. The company has a reputation synonymous with high-performance products and committed service. The G2R, launched at last year's Paris Airshow, uses the COSPAS/SARSAT and GPS satellite constellations and incorporates the latest electronic technology required for a military combat emergency recovery operation. Brian Clayton, Director & General Manager of SARBE commented, "This agreement is one of the most significant milestones in the distinguished history of SARBE and is the start of a long-term cooperation between the two companies. Cubic's expertise in military data communications technology, combined with our strength as the world's preferred military rescue beacon, gives a truly symbiotic relationship that NATO and other forces can benefit from." Craig Campbell, Cubic's Avionics Director commented, "A partnership agreement with a technically innovative company like SARBE will be extremely beneficial to both parties and the addition of SARBE G2R compatibility to the PLS will lead to a substantially improved product profile for our important customer base." About Cubic Defense Applications Cubic Defense Applications Inc. has a well-earned reputation as the leader in airborne Combat Search and Rescue (CSAR) equipment. Cubic's Personnel Locator System (PLS) is the preferred choice by the US armed forces and by NATO countries when equipping dedicated CSAR helicopter platforms. The PLS has been used extensively in Operation Desert Storm, in the conflicts within Somalia and Kosovo, and more recently in Afghanistan and Iraq. With a proven field track record, PLS has been installed in more than 1,500 aircraft in service with US and NATO forces. About Digital Angel Corporation and Signature Industries 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. The SARBE G2R Pilot Recovery System has a considerable range of features which provide optimum opportunity for early and safe recovery of downed pilots. These features include GPS location, data encryption, combat programming, random burst transmission, covert channel selection, speech transmission and automated activation. The new SARBE system has been designed to take advantage of a new generation of satellites that are expected to be deployed over the next few years. Signature Industries' SARBE division provides military rescue beacons to over forty countries worldwide and is the major provider of beacons to the UK Ministry of Defense. 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 Solutions, 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, 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, 2003. 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. For further information, please 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; or Brian Clayton of SARBE, Signature Industries, (44) 020-8317-1717; or Karen Mascarenhas of Mascarenhas PR, (44) 020-8488-5949, for SARBE, Signature Industries. 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; or Brian Clayton of SARBE, Signature Industries, (44) 020-8317-1717; or Karen Mascarenhas of Mascarenhas PR, (44) 020-8488-5949, for SARBE, Signature Industries Web site: http://www.digitalangelcorp.com/

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