Digital Angel's Recent Acquisition of Geissler Technologies Expands Company's Commercial Relationship with Schering-Plough
28 1월 2008 - 10:00PM
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, has, through its recent
acquisition of Geissler Technologies, taken another significant
step toward becoming the premier provider of food safety solutions
for the food production markets by leveraging Geissler
Technologies� extensive commercial relationship with Global Animal
Management, Inc. (GAM), a wholly-owned subsidiary of
Schering-Plough Corporation (NYSE:SGP). GAM provides data
collection, data management and data reporting services to the food
producing, processing and purveying industries. Schering-Plough,
parent company of Schering-Plough Animal Health, recently acquired
Organon BioSciences, with its Organon human health and Intervet
animal health businesses. The combination of these companies makes
Schering-Plough one of the largest animal health companies in the
world, doing business in over 100 countries. GAM has the technology
platform, global reach and market knowledge needed to connect
Digital Angel�s unique animal identification technology across the
entire food chain. Some specific applications of GAM�s products and
services are for compliance initiatives such as the National Animal
ID Plan (USAIP) and Country of Origin Labeling (COOL) laws. Joseph
J. Grillo, Chief Executive Officer of Digital Angel, stated, �GAM
is a recognized market leader in data services associated with food
production. GAM has developed a unique and comprehensive data
system used by the food production industry to meet �best
practices� programs in support of current and future food safety
regulation needs. Their knowledge and support to the animal
marketplace makes them a leading provider of food safety management
worldwide and, in turn, will support Digital Angel in its goal to
become a leading food safety company.� Randolph K. Geissler,
founder of Geissler Technologies and President of Digital Angel�s
animal applications business, stated, �GAM�s data systems
capabilities help connect the food chain, broaden our product
offering and bolster our position within the food safety market.
Geissler Technologies has worked closely with GAM for some time and
we believe our successful relationship will continue to grow under
the umbrella of Digital Angel.� Jim Heinle, President of GAM, said,
�We are eager to offer the food production industry a turn-key
solution for connecting the identity of animals to critical data
about those animals. Simply stated, retailers, food service
providers and most notably, consumers, are demanding greater
information about the food we eat. Through our relationship with
Digital Angel we expect to continue providing this service on a
greater scale.� About Schering-Plough Schering-Plough is an
innovation-driven, science-centered global health care company.
Through its own biopharmaceutical research and collaborations with
partners, Schering-Plough creates therapies that help save and
improve lives around the world. The company applies its
research-and-development platform to human prescription and
consumer products as well as to animal health products. In November
2007, Schering-Plough acquired Organon BioSciences, with its
Organon human health and Intervet animal health businesses, marking
a pivotal step in the company's ongoing transformation.
Schering-Plough's vision is to "Earn Trust, Every Day" with the
doctors, patients, customers and other stakeholders served by its
approximately 50,000 people around the world. The company is based
in Kenilworth, N.J., and its Web site is www.schering-plough.com.
SCHERING-PLOUGH DISCLOSURE NOTICE: The information in this press
release contains certain "forward-looking" statements within the
meaning of the Securities Reform Act of 1995, including statements
related to GLOBAL ANIMAL MANAGEMENT and the potential market for
GLOBAL ANIMAL MANAGEMENT. Forward-looking statements relate to
expectations or forecasts of future events. Schering-Plough does
not assume the obligation to update any forward-looking statement.
Many factors could cause actual results to differ materially from
Schering-Plough's forward-looking statements, including market
forces, economic factors, product availability, current and future
branded, generic or over-the-counter competition and the regulatory
process, among other uncertainties. For further details and a
discussion of risks and uncertainties that may affect
forward-looking statements, see the company's Securities and
Exchange Commission filings, including the third quarter 2007 10-Q.
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
Company�s relationship with GAM and the Company�s attempts to
become a leading food safety company. 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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