Digital Angel Corporation Receives $1.5 Million Contract to Supply Military Radio Equipment to UK Ministry Of Defence
19 7월 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 its United Kingdom-based subsidiary, Signature Industries,
has signed a $1.5 million contract with the UK Ministry Of Defence
to supply search and rescue beacon equipment (SARBE). The contract
calls for deliveries to start immediately and will run over a
maximum 21 months from contract award. The Company will supply its
high-performance SARBE 6-406G Personal Locator Beacons to be used
in an undisclosed application in the UK armed forces. The SARBE
6-406G PLB offers digital distress transmissions with GPS and fully
automatic activation. The equipment supplied replaces older
equipment that will soon become obsolete due to changes in
satellite monitoring. Kevin McGrath, President and Chief Executive
Officer of Digital Angel, said, �This sale marks the fourth
contract between the UK MoD and Signature Industries to supply our
latest generation 406MHz survival distress beacons into the armed
forces of the UK, and illustrates the confidence that exists in
SARBE branded equipment. As importantly, our SARBE business unit
continues to build momentum with new orders which bodes well for
2007 and 2008.� 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 but not limited to statements
regarding the expected performance of the products described and
anticipated technological obsolescence. 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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