Digital Angel Selected by Pilatus and Republic of Singapore Air Force
09 1์ 2008 - 10:30PM
Business Wire
Digital Angel (the ๏ฟฝCompany๏ฟฝ) (NASDAQ:DIGA), 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 SARBE division has been selected to supply its
latest generation Personal Locator Beacons (PLBs) to Pilatus
Aircraft Ltd. of Switzerland. Pilatus will, in turn, provide these
PLBs to the Republic of Singapore Air Force (RSAF). This contract,
valued at more than $160,000 USD, is to provide SARBE 6-406G PLBs
that will be supplied with advanced turboprop training aircraft to
the RSAF. Additionally it is anticipated that the contract ideally
positions the Company to capitalize on the RSAF๏ฟฝs requirement to
replace their inventory of up to 1500 units of SARBE 6 PLBs that
are now obsolete. Joseph J. Grillo, Chief Executive Officer of
Digital Angel, said, ๏ฟฝOur SARBE division has a long history of
supplying the RSAF with PLBs and we are delighted to continue our
association with this prestigious military organization. We believe
this contract is very important in securing future orders from
RSAF. Furthermore, there are many exciting developments taking
place within our SARBE division and I look forward to the
opportunity when we can communicate these to the investor
community.๏ฟฝ About Digital Angel Digital Angel
(www.DigitalAngel.com) is a leading provider of radio frequency
identification (RFID) and global positioning system (GPS)
technologies that enable the rapid and accurate identification,
location tracking and condition monitoring of people, animals and
high-value assets. Digital Angel๏ฟฝs products are utilized around the
world๏ฟฝin such๏ฟฝapplications as pet identification using its
patented, FDA-approved implantable microchip; livestock
identification and tracking using visual and RFID ear tags; and GPS
search and rescue beacons for use on aircraft, ships and boats, and
by adventure enthusiasts. Digital Angel is the owner of a majority
position in VeriChip Corporation (NASDAQ:CHIP). This press release
includes forward-looking statements, including but not limited to
statements regarding growth expectations for the Company๏ฟฝs SARBE
division and the Company๏ฟฝs business prospects with the RSAF. This
information is also qualified in its entirety by cautionary
statements and risk factor disclosures contained in the Company๏ฟฝs
Securities and Exchange Commission filings, including the Company๏ฟฝs
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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