Digital Angel Acquires Geissler Technologies
16 1월 2008 - 3:20AM
Business Wire
Digital Angel (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 it has
acquired Geissler Technologies Corporation, a leading developer of
next-generation electronic identification and imaging technologies
for animals. The acquisition of Geissler Technologies, which will
be incorporated into Destron Fearing, Digital Angel�s existing
animal applications business, brings back a founder of Destron
Fearing, Randolph K. Geissler, who again will become the president
of Digital Angel�s animal applications business. The board of
directors of Digital Angel approved the transaction. Joseph J.
Grillo, Chief Executive Officer of Digital Angel, said: �Our
acquisition of Geissler Technologies and its innovative portfolio
of RFID technologies will benefit us greatly as we focus more
broadly on our core business of global food safety. We believe that
bringing a founder of Destron Fearing back to our company and the
intellectual property and products of Geissler Technologies will
further ensure that we realize our growth expectations. I�m
delighted to work with Randy, who I have known as an RFID industry
pioneer for over 10 years.� �This acquisition not only brings new
technologies to Digital Angel, but also brings solid contractual
relationships with distributors that provide data systems support
used to implement animal management programs in support of current
and future food safety regulation needs. The technologies developed
by Geissler include the g.TAG�, a low frequency RFID device used
for animal traceability and the r.TAG� high frequency long range
anti-collision device used for extensive animal management,�
continued Grillo. �These technologies quickly and completely expand
our breadth of food safety animal data capturing connectivity.�
Geissler stated, �The combination of Destron Fearing�s history in
commercial markets and Geissler Technologies� technological
innovation makes this a powerful partnership to address the
ever-changing needs of our industry. I am, once again, proud to be
part of Digital Angel and look forward to help it prosper as it
reshapes its future in meeting the service needs of our customers.�
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�s products are utilized around the world�in such�applications
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 the
benefits of the transaction relating to the business of global food
safety and expectations regarding the impact of the transaction on
the Company�s growth. 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.
Verichip (MM) (NASDAQ:CHIP)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
Verichip (MM) (NASDAQ:CHIP)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
Verichip (MM) (나스닥)의 실시간 뉴스: 최근 기사 0
More Digital Angel News Articles