Kindgo
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VeriChip Corporation Will Benefit From New United States Patent --#6,400,338-- Awarded to Digital Angel Corporation, Manufacturer of VeriChip
Monday October 7, 9:10 am ET
PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 7, 2002--Applied Digital Solutions, Inc. (Nasdaq: ADSX - News):
The recently announced patent for a "unitary core," subdermal microchip is expected to create additional growth opportunities for VeriChip(TM) across an array of advanced applications, including security, financial anti-fraud protection and safety-related identification
Applied Digital Solutions, Inc. (Nasdaq: ADSX -
News) an advanced technology development company, announced today that its wholly owned subsidiary, VeriChip Corporation, expects to benefit directly from the United States patent (#6,400,338) granted recently to VeriChip's manufacturer, Digital Angel Corporation.
Worldwide patents are pending for this breakthrough, "unitary core" implantable microchip technology.
The new microchip patent involves a revolutionary and proprietary new "unitary core" design. This proprietary "unitary core" frees up more space within the surrounding tube to accommodate a bigger, more powerful antenna, which will substantially increase the range of VeriChip's radio signal. The new design improvement also
yields a doubling in VeriChip's magnetic field, which helps to open up enhanced applications - such as broader-range, doorway/walk-through scanners - required for a variety of security-related and building-access
applications.
Cost efficiencies and performance enhancements inherent in the next-generation VeriChip are also expected to speed the introduction of a wide range of advanced VeriChip applications in security and financial anti-fraud
(including use at ATM machines).
Commenting on the marketplace implications of the new patent, Scott R. Silverman, President of Applied Digital Solutions, stated: "By reducing the costs of scanners and enhancing their accuracy, range and speed, we believe this `unitary core' breakthrough will facilitate the adoption of VeriChip technology across the board, with a special emphasis on security applications, both in domestic and international markets."
As previously announced by Digital Angel Corporation, the new patent builds on Digital Angel Corporation's underlying "keystone" patent (#5,211,129) for its implantable RFID microchip. The technological advance will become the enhanced-performance platform for the Company's entire line of implantable microchips, including
VeriChip. The new design - which has the added benefit of making the microchip more susceptible to an automated production process - is the result of a three-year research and development effort. The new, automated manufacturing process will enable the Company to cost-effectively increase production capacity to meet ever-growing demand, especially with regard to emerging marketplace applications.
Next-generation, patented microchips will be included in production runs beginning in the fourth quarter of 2002. VeriChip Corporation has an exclusive product and technology license to market all human applications of Digital
Angel Corporation's proprietary, implantable microchips, scanners and delivery system. "Getting chipped" is a simple, outpatient procedure that lasts just a few minutes and involves only local anesthetic and insertion of the chip. Announcements about the timing of future "chipping" procedures in the United States will be made at the appropriate time pending further regulatory clarification.
About VeriChip
VeriChip, first announced on December 19, 2001, is a miniaturized radio frequency identification device (RFID) that can be used in a variety of security, financial, emergency identification and healthcare applications. About the size of a grain of rice, each VeriChip product contains a unique verification number and will be available in several formats, some of which will be insertable under the skin. The verification number is captured by briefly passing a
proprietary scanner over the VeriChip. A small amount of radio frequency energy passes from the scanner energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number.
"Getting chipped" is a simple, outpatient procedure that lasts just a few minutes and involves only local anesthetic and insertion of the chip. VeriChip Corporation and its parent company, Applied Digital Solutions, are working with federal regulators to ensure full compliance with applicable regulations. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions.
About Digital Angel Corporation
On March 27, 2002 Digital Angel Corporation completed a merger with Medical Advisory Systems, Inc., which for two decades has operated a 24/7, physician-staffed call center in Owings, Maryland. Prior to the merger, Digital
Angel Corporation was a 93% owned subsidiary of Applied Digital Solutions, Inc. (Nasdaq: ADSX - News), which now is the beneficial owner of a majority position in the Company. Digital Angel(TM) technology and patents represent the first-ever combination of advanced sensors and Web-enabled wireless telecommunications linked
to Global Positioning Systems (GPS). By utilizing advanced sensor capabilities, Digital Angel will be able to monitor key functions - such as ambient temperature and physical movement - and transmit that data, along with accurate
emergency location information, to a ground station or monitoring facility. The Company also invented, manufactures and markets implantable identification microchips the size of a grain of rice for use in companion pets, fish, and livestock. Digital Angel Corporation owns patents for its inventions in applications of the implantable microchip technology for animals and humans. For more information about Digital Angel Corporation, visit
www.digitalangel.net.
About Applied Digital Solutions, Inc.
Applied Digital Solutions is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. The Company's Advanced Technology Group offers a complete CRM solution to commercial and government customers, as well as a full array of security-related data collection, value-added data intelligence
and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. Applied Digital Solutions is the beneficial owner of a majority position in Digital Angel
Corporation (AMEX: DOC - News). For more information, visit the Company's website at http://www.adsx.com.
Statements about the Company's future expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are `forward-looking statements' 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. The Company intends that such forward-looking statements
involve risks and uncertainties and are subject to change at any time, and the Company's actual results could differ materially from expected results. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances.
They are now advocating use for the prevention of identity theft.
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God bless,
Kindgo
Inside the will of God there is no failure. Outside the will of God there is no success.
Posts: 4320 | From: Sunny Florida | Registered: Jun 2002
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