|
DIGITAL ANGEL COMPLETES LANDMARK RFID ANTENNA PROJECT AT BONNEVILLE DAM--Massive Antenna to be Installed Today Will Track Salmon in Columbia River Basin
SO.
ST. PAUL, MN (March 23, 2006) … 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 16-foot by 16-foot RFID (Radiofrequency
Identification) antenna designed to electronically track the salmon
population in the Columbia River in Oregon will be installed today near
the Bonneville Lock and Dam. The antenna, thought to be the world’s
largest RFID tower, was developed by Digital Angel in conjunction with the
Bonneville Power Administration (BPA). The antenna
will be placed in the Bonneville Corner Collector, a high-flow,
multi-million dollar surface bypass route developed by the Army Corps of
Engineers and the BPA to move fish safely past the Bonneville Lock and
Dam. The antenna is capable of electronically detecting previously tagged
fish in only 1/30th of a second. Digital Angel is a leader in developing
microchips for tagging fish and large RFID antenna systems that, despite
their size, can detect and read the standard fisheries encapsulated tags
only 12 millimeters long. When salmon
tagged with the passive integrated transponder (PIT) microchips pass
through the antenna, the antenna turns on the PIT tag and the PIT tag in
turn sends a unique identifying number to operators of the database where
important information such as the species, journey origin and age of each
fish is logged. Such information is critical for maintaining healthy
ecosystems for the indigenous fish population. “This
project demonstrates that our RFID technology has a wide variety of uses,”
said Kevin McGrath, President and CEO of Digital Angel. “In this case, our
technology provides the most efficient and least invasive monitoring
capabilities for sensitive objects such as salmon. This tower will help
the local community protect a precious natural resource for generations to
come.” Since the
early 1990s, Digital Angel has been developing, manufacturing and
installing implantable passive integrated transponders and reader systems
for the federal Columbia and Snake River hydroelectric projects. For the
past two years, the Company has been working on the development of large
antenna systems, specifically for the Bonneville Corner
Collector. About
Digital Angel Corporation 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, Applied Digital Solutions,
Inc. owns 55.4% of the Company’s common stock, 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
assts, 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. | |||||||||||||||
|
Copyright © 2007 Digital Angel Corporation
Privacy
Policy