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DIGITAL ANGEL RECEIVES APPROVAL FOR NEW SARBE G2R EMERGENCY
LOCATION TRANSMITTER WITH GPS CAPABILITY FROM COSPAS-SARSAT
Transmitter Designed for Military, Is Lighter, More
Secure than Competition
SO. ST. PAUL, MN (May 15,
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 London-based subsidiary, Signature Industries, has received
approval from Cospas-Sarsat for a new emergency location transmitter (ELT)
that is designed to be lighter and more secure than its competition. The
new SARBE® G2R-ELT will be used for military aircraft to broadcast the
identity and GPS (Global Positioning System) location of an aircraft after
an emergency landing.
For combat operations, the G2R-ELT can be
programmed using sophisticated encryption and signaling techniques that
operate automatically in an emergency landing.
“We developed the
lightweight G2R-ELT after listening closely to the needs of our
customers,” said David Cairnie, CEO of Signature Industries. “The typical
ELTs on the market today are heavy, not covert, and susceptible to damage
through complex installation requirements. Our new product has eliminated
those issues and we believe it fits the demands of the international
market.”
The new ELT will also be available in a commercial version
for helicopters and fixed-wing aircraft.
Cospas-Sarsat, an agency
overseen by the U.S., France, Russia and Canada, is an international
satellite system that uses spacecraft and ground facilities to provide
distress alert and location data to search and rescue operations around
the world. The system is responsible for saving more than 17,000 lives
since its inception in 1988.
About Signature
Industries
SARBE is a major supplier of Search and Rescue (SAR)
military air crew Pilot Locator Beacons (PLBs) and other military rescue
beacons for use in the event of an ejection or other event requiring
emergency evacuation of an aircraft in a remote, possibly hostile
location. Now in its fifth decade of developing and manufacturing PLBs,
SARBE is the chosen supplier of PLBs in more than 40 countries worldwide.
Signature Industries is majority owned by Digital Angel Corporation. For
more information about Signature Industries, visit http://www.signatureindustries.com/
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 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 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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