Digital Angel Corporation's Signature Industries Unit SARBE(R) Announces at Farnborough 2004 Last Opportunity for Customers to P
July 21 2004 - 12:03PM
PR Newswire (US)
Digital Angel Corporation's Signature Industries Unit SARBE(R)
Announces at Farnborough 2004 Last Opportunity for Customers to
Purchase Legacy Products SO. ST. PAUL, Minn., July 21
/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 its subsidiary,
London-based Signature Industries will stop manufacturing certain
older SARBE products during the year 2005. Signature announced that
orders for models SARBE 5, 6, 7, and 8, will be accepted only until
January 2005, with deliveries planned during 2005. Batteries,
spares, service and support will still be available after that
date. SARBE is the world's leading brand of Personal Locator
Beacons, with equipment in use by the armed forces of over 40
countries. Improvements in technology enable the latest SARBE
equipment to offer customers distinct benefits over the effective
yet older models. Signature advises organizations that use the
older products to plan purchasing strategies that will ensure not
only the maintenance of current inventory needs, but additionally,
the replacement of beacons within the next 5 years. Organizations
using this type of equipment should note that changes in the
satellite monitoring facilities for Personal Locator Beacons mean
that older products face obsolescence by 2009. The newly launched
SARBE G2R Pilot Recovery System has a considerable range of
features, providing 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 G2R system has been designed to take advantage of a
new generation of satellites that are expected to be deployed over
the next few years. G2R forms the basis from which future beacons
will be derived. The modular design of G2R allows a range of models
to be available offering similar features and functionality to
SARBE 5, 6, 7 and 8. The biggest change in the latest SARBE system
is that all models now will be available with 406MHz; which is a
different radio frequency than past models and also embedded with
GPS. SARBE staff will be available to offer technical advice and
support at the Farnborough 2004 Show located at SARBE, Stand No.
A7, HALL 1. 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 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 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.; or Karen
Mascarenhas of Mascarenhas PR, (44) 020-8488-5949, ; all for
Digital Angel Corporation; or Brian Clayton of SARBE, Signature
Industries, (44) 020-8317-1717; SARBE, Stand No. A7, HALL 1.
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.; or Karen Mascarenhas of
Mascarenhas PR, (44) 020-8488-5949, ; all for Digital Angel
Corporation; or Brian Clayton of SARBE, Signature Industries, (44)
020-8317-1717; SARBE, Stand No. A7, HALL 1 Web site:
http://www.digitalangelcorp.com/
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