Applied Digital's Subsidiary, VeriChip Corporation, Signs Contract with Stanford Hospital and Clinics.DELRAY BEACH Delray Beach, resort city (1990 pop. 47,181), Palm Beach co., SE Fla., on the Atlantic coast; settled 1895, inc. 1911. Mostly residential, Delray Beach is also the trade center for a citrus-fruit and vegetable-growing region. , Fla. -- VeriChip Corporation VeriChip Corporation, a wholly owned subsidiary of Applied Digital (Nasdaq: ADSX), markets a line of Radio Frequency Identification (RFID) Devices (including VeriChip) used in security, financial, emergency identification, and other applications. , a subsidiary of Applied Digital (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : ADSX ADSX Applied Digital Solutions, Inc. (stock symbol) ), announced today that with the help of its long-standing partner, Prosec Protection Systems, Stanford Hospital and Clinics has selected VeriChip's Assetrac(R) System for the location and tracking of patient transport equipment within their 613-bed facility. Combining the latest in active Radio Frequency Identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) tags, infrastructure, and software, Assetrac is the proven leader in RFID-based asset control for healthcare facilities with over 15,000 Asset Tags in use today within U.S. healthcare. "Often with our wheelchairs, beds, gurneys, and other patient transport equipment, we can't find them when we need them or they're not being utilized as efficiently as they could be," said Paul H. Watkins, JD, Administrative Director, Support Services support services Psychology Non-health care-related ancillary services–eg, transportation, financial aid, support groups, homemaker services, respite services, and other services , Stanford Hospital and Clinics. "By installing Assetrac and tagging these items, Facility Services will now gain better visibility and control of these assets improving our overall efficiencies and patient care." Scheduled for installation in April by Prosec, the first phase of the Assetrac implementation will provide a combination of real-time and zone-based location of approximately 800 pieces of equipment tagged with VeriChip's active RFID Asset Tags anywhere within the hospital. By strategically placing RFID receivers throughout the facility, the system will be able to display equipment location on an electronic floor plan. "We're honored to have one of America's top hospitals choose Assetrac and look forward to working with Prosec on the many phases planned for this facility," stated Kevin McLaughlin, Chief Executive Officer, VeriChip Corporation. About Stanford Hospital and Clinics Stanford Hospital and Clinics is known worldwide for advanced patient care provided by its physicians and staff, particularly for the treatment of rare, complex disorders in areas such as cardiac care, cancer treatment, neurosciences, surgery, and organ transplants. Every year, U.S. News & World Report U.S. News & World Report Weekly newsmagazine published in Washington, D.C. U.S. News was founded in 1933 by David Lawrence (1888–1973) to cover important domestic events; he founded World Report in 1945 to treat world news. The two magazines were merged in 1948. identifies the top hospitals in 17 specialties in the United States. Stanford Hospital and Clinics is recognized as one of "America's Best Hospitals America's Best Hospitals Media & health An annual 'report card' on the quality of care received in US hospitals published by US News & World Report, that is either proudly quoted by those who are rated or dismissed by those who are not " and currently ranked #16 in the U.S. About Prosec Protection Systems Prosec Protection Systems, Inc. of Lakewood, New Jersey has been installing patient protection systems for the healthcare industry since 1992. Prosec provides end-to-end solutions, including wireless tagging systems, and complementary customer support programs. With in excess of four hundred hospitals installed across North America, Prosec has established itself as the industry leader with the experience, expertise, and proven track record to deliver complete protection solutions to satisfied customers. Prosec is a subsidiary of New York-based McRoberts Protective Agency, Inc., which has been setting the standard in uniform guard security since 1876. McRoberts has offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , New Jersey, California, Florida and Puerto Rico. About VeriChip Corporation VeriChip Corporation, headquartered in Delray Beach, Florida Delray Beach is a city in Palm Beach County, Florida, USA. As of the 2000 census, the city had a total population of 60,020. As of 2004, the population estimated by the U.S. Census Bureau is 64,150. , develops, markets and sells radio frequency identification, or RFID, systems used to identify, locate and protect people and assets. VeriChip's goal is to become the leading provider of RFID systems for people in the healthcare industry. VeriChip sells passive RFID systems for identification purposes and active RFID systems for local-area location and identification purposes. VeriChip recently began to market its VeriMed(TM) Patient Identification System which is used to rapidly and accurately identify people who arrive in an emergency room and are unable to communicate. This system uses the first human-implantable passive RFID microchip, the implantable VeriChip(TM), cleared for medical use in October 2004 by the United States Food and Drug Administration United States Food and Drug Administration (FDA), n.pr a unit of the Public Health Service created to protect the health of the nation against impure and unsafe foods, drugs, and cosmetics. . About Applied Digital - "The Power of Identification Technology" Applied Digital develops innovative identification and security products for consumer, commercial, and government sectors worldwide. The Company's unique and often proprietary products provide identification and security systems for people, animals, the food supply, government/military arena, and commercial assets. Included in this diversified product line are RFID applications, end-to-end food safety systems, GPS/Satellite communications, and telecomm and security infrastructure, positioning Applied Digital as the leader in identification technology. Applied Digital is the owner of a majority position in Digital Angel Corporation (AMEX AMEX See: American Stock Exchange :DOC). 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 An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995. 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. |
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