Digital Angel Corporation Wins $1.5 Million Order to Supply the Swedish Air Force
28 3월 2007 - 9:30PM
Business Wire
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 UK subsidiary, Signature Industries Ltd, has won a
$1.5 million order to provide the Swedish Air Force with a quantity
of 600 SARBE 6-406 Personal Location Beacons (PLB). The Swedish Air
Force also has an option for 200 additional units at a value of
$500,000. Military forces throughout the world are now engaged in a
process to renew their Search & Rescue Radios before February
2009. The current satellite system operating on analog 121.5Mhz
will switch off in 2009, and the 406Mhz digital system will be
adopted. Digital Angel President and Chief Executive Officer Kevin
McGrath said, �We are very pleased that the Swedish Air Force has
selected the SARBE 6-406 following a rigorous technical and
commercial evaluation of all major military beacon manufacturers.�
�As a leading supplier of military Search & Rescue radios for
more than 50 years, the investment we have made over the past three
years is critical to ensure we have the capability to protect our
customer base in the 40+ countries we serve. The change in
satellite communications for Search & Rescue provides
substantial opportunities over the next two years and we believe we
are well positioned to capitalize on this.� About Digital Angel
Corporation Digital Angel Corporation (www.DigitalAngelCorp.com)
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), which also owns a majority
position in VeriChip Corporation (NASDAQ:CHIP). This press release
includes forward-looking statements, including statements regarding
the ability of the Company protect its customer base, the future
opportunities that are expected due to changes in satellite
communication technology and the Company�s belief that it is well
positioned to capitalize on such opportunities. The Company wishes
to caution readers that certain important factors and various risks
may have affected and could in the future affect the Company�s
actual results and could cause the Company�s actual results for
subsequent periods to differ materially from those expressed in any
forward-looking statement made by or on behalf of the Company. With
respect to the Company's expectations expressed in this press
release, such risk factors include, but are not limited to, the
Company�s ability to successfully compete with other producers of
competitive satellite communications products and the ability and
willingness of customers to fund new Search & Rescue radios.
This information is also qualified in its entirety by cautionary
statements and risk factor disclosures contained in the Company�s
Securities and Exchange Commission filings, including the Company�s
annual report on Form 10-K for the fiscal year ended December 31,
2006 and its quarterly reports. 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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