VeriChip Corporation Announces Sales of VeriTrace System to Two New Jersey Counties
20 4์ 2009 - 9:30PM
Business Wire
VeriChip Corporation (NASDAQ:CHIP) (๏ฟฝVeriChip๏ฟฝ), a provider of
radio frequency identification (RFID) systems for healthcare and
patient-related needs, announced today that it has sold the
VeriTrace๏ฟฝ system for disaster relief and emergency management
needs to Atlantic and Mercer counties in New Jersey.
Marc Poulshock, Vice President of VeriChip๏ฟฝs Implantable and
Emergency Management divisions, said, ๏ฟฝThese recent orders reflect
the continued demand for the VeriTrace system by emergency
management personnel and medical examiners throughout the country.
Since the federal government continues to support the necessity to
be prepared for potential natural catastrophes or acts of
terrorism, we will maintain our ongoing discussions with these
organizations in the U.S. and internationally.๏ฟฝ
The VeriTrace system was created in the aftermath of Hurricane
Katrina where it proved helpful in identifying, tracking and
accounting for the remains of victims from the hurricane. VeriTrace
was used by the Federal Disaster Mortuary Operational Response Team
(DMORT) during Hurricane Katrina recovery operations.
VeriTrace is designed to assist state and federal agencies in
the management of emergency situations and disaster recovery using
implantable RFID technology. The VeriTrace system includes a unique
implantable RFID microchip, a VeriTrace Bluetooth๏ฟฝ handheld reader,
a customized Ricoh 500SE Digital Camera capable of receiving both
RFID scanned data and GPS data wirelessly, and a Web-enabled
database for gathering and storing information and images captured
during emergency response operations. This database ensures the
precise collection, storage and inventory of all data and images
related to remains and the associated evidentiary items. This also
allows the recreation of an accurate and complete reconstruction of
a disaster setting, crime scene or similar setting where recreation
is necessary.
About VeriChip Corporation
VeriChip Corporation, headquartered in Delray Beach, Florida,
has developed the VeriMed๏ฟฝ Health Link System for rapidly and
accurately identifying people who arrive in an emergency room and
are unable to communicate. This system uses the first
human-implantable passive RFID microchip, cleared for medical use
in October 2004 by the United States Food and Drug Administration.
To complement its healthcare division, VeriChip Corporation
established VeriGreen Energy Corporation in March 2009 to focus and
invest in the clean and alternative energy sector.
For more information on VeriChip, please call 1-800-970-2447, or
e-mail info@verichipcorp.com. Additional information can be found
online at www.verichipcorp.com.
Statements about VeriChip๏ฟฝs future expectations, including
future revenues and earnings from the sale of VeriTrace, and all
other statements in this press release other than historical facts
are ๏ฟฝforward-looking statements๏ฟฝ within the meaning of Section 27A
of the Securities Act of 1933, Section 21E of the Securities
Exchange Act of 1934, and as that term is defined in the Private
Litigation Reform Act of 1995. Such forward-looking statements
involve risks and uncertainties and are subject to change at any
time, and VeriChip๏ฟฝs actual results could differ materially from
expected results. Additional information about these and other
factors that could affect the Company๏ฟฝs business is set forth in
the Company๏ฟฝs various filings with the Securities and Exchange
Commission, including those set forth in the Company๏ฟฝs 10-K filed
on February 12, 2009, under the caption ๏ฟฝRisk Factors.๏ฟฝ The Company
undertakes no obligation to update or release any revisions to
these forward-looking statements to reflect events or circumstances
after the date of this statement or to reflect the occurrence of
unanticipated events, except as required by law.
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