Kindgo
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Weekend News Today
Lead: Faith
Source: Yahoo Finance News/Business Wire
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Mon Oct 7,2002 -- 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. (SUBDERMAL = "Located or placed beneath the skin; subcutaneous") 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 US patent (#6,400,338) granted recently to VeriChip's manufacturer, Digital Angel Corporation. Worldwide patents are also pending for this breakthrough, "unitary core" implantable microchip technology. The new microchip patent involves a revolutionary and proprietary new "unitary core" design.
This type of "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. 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."
This 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 has the added benefit of making the microchip more susceptible to an automated production process, which will enable the Company to 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 4th 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.
VeriChip, 1st announced on December 19, 2001, is a miniaturized radio frequency ID 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.
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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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