Applied Digital Solutions Achieves Thermo Life Breakthrough - 3.0 Volts Generated by Body Heat.Business Editors/High Tech Writers Company plans to accelerate development and commercialization of Thermo Life, changes the name of its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Advanced Power Solutions, to Thermo Life Energy Corporation, and signs Letter of Intent to acquire DTS (1) (Digital Theatre Sound) A digital audio encoding system used in movie and home theaters. Popularized by the movie Jurassic Park, the six-channel (5. , the German research company that pioneered development of the original 1.5 volt volt [for Alessandro Volta], abbr. V, unit of electric potential and electromotive force. It is defined as the difference of electric potential existing across the ends of a conductor carrying a constant current of 1 ampere when the power dissipated is 1 watt. technology Applied Digital Solutions, Inc. (Nasdaq: ADSXE) today announced that it has achieved its goal of generating 3.0 volts of electrical power from Thermo Life(TM) -- a miniaturized, thermoelectric ther·mo·e·lec·tric also ther·mo·e·lec·tri·cal adj. Characteristic of, resulting from, or using electrical phenomena occurring in conjunction with a flow of heat. generator powered by body heat. Last October, the Company announced that it had embarked on a research and development program to increase the voltage generated by Thermo Life from 1.5 volts to 3.0 volts. This goal has now been achieved in laboratory tests and is viewed by the Company as a major breakthrough. As part of its plan to accelerate the development and commercialization of Thermo Life, the Company also announced that it is taking two significant steps. First, it is changing the name of its wholly owned subsidiary, Advanced Power Solutions, to Thermo Life Energy Corporation. Second, it has signed a Letter of Intent to acquire DTS, the German research company that pioneered the development of the original (Thermo Life) technology. This acquisition is subject to further due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. and necessary approvals. To Applied Digital's knowledge, DTS is the only company in the world that is able to produce a low-power thermoelectric generator (LPTG) using thin-film technology. The product creates relatively high electrical energy output at a very low heat flow. This makes it possible to use the difference between body temperature and environmental temperature to generate useful electrical power. In addition, the thin-film technology offers a cost-efficient process for mass production. Thermo Life -- a half-inch diameter, ceramic-based "battery" -- is a solid-state device solid-state device Electronic device that operates on the basis of the electric, magnetic, or optical properties of a solid material, especially one that uses a solid crystal in which an orderly three-dimensional arrangement of atoms, ions, or molecules is repeated that would never require replenishment replenishment the addition of an appropriate quantity of properly prepared solution containing the correct concentration of chemicals to the developer solutions used in radiography. . The Company believes that Thermo Life technology has a wide variety of potential uses that include the powering of electronic devices, wristwatches, medical devices, smoke detectors smoke detector n. An alarm device that automatically detects the presence of smoke. Also called smoke alarm. and other heat-related sensors. If Thermo Life performs as expected in commercial applications, this technology could effectively eliminate the need to periodically replace the power source of these devices. Thermo Life technology can also provide an independent, heat-generated power source for security related sensors. Applied Digital and DTS have been working under a joint development agreement for the past two years. Since announcing Thermo Life last October, Applied Digital has been providing demonstrations of the technology to potential licensees on a confidential basis. The Company has also been working with a number of companies and agencies to develop specific, customer-driven applications. The two companies are now in the process of applying for patent protection to cover all improvements, including the breakthrough of generating 3.0 volts by body heat. Commenting on these developments, Applied Digital Solutions' President, Scott R. Silverman, stated: "When we first announced Thermo Life last October, we recognized the broad applications for such a product in mass distribution. With Digital Angel(TM) and VeriChip(TM) already underway, the time is ripe to accelerate the development and commercialization of Thermo Life. With 3.0-volt output now achieved by our research and development team and with the acquisition of DTS in sight, Thermo Life Energy Corporation is now focusing on the mass manufacturing process, continued research and development, and working with potential licensees, customers and partners. Upon closing the DTS transaction, we are proud to say that its founders and the developers of this breakthrough technology - Dr. Matthias Stordeur and Dr. Ingo Stark - plan to join our advanced technology research and development team." About DTS Located in Halle, Germany Halle, Germany may refer to:
Internal energy of a system in thermodynamic equilibrium (see thermodynamics) by virtue of its temperature. A hot body has more thermal energy than a similar cold body, but a large tub of cold water may have more thermal energy than a cup of boiling directly into electrical energy. The low-power thermoelectric generator (LPTG) is a new, self-sufficient energy source for micro and sensor systems in consumer and industrial applications. Examples of these applications include electronic wristwatches, electronic heat-cost allocators, active transponders, self-sufficiently powered temperature displays, self-sufficiently powered temperature warning systems, and recharging of mobile electronics. DTS has also created infrared An invisible band of radiation at the lower end of the visible light spectrum. With wavelengths from 750 nm to 1 mm, infrared starts at the end of the microwave spectrum and ends at the beginning of visible light. sensors utilizing the same flat, space-saving and "robust" device construction found in the LPTG. Applications include various household appliances, motion detectors A motion detector is a device that contains a physical mechanism or electronic sensor that quantifies motion that can be either integrated with or connected to other devices that alert the user of the presence of a moving object within the field of view. , air conditioning air conditioning, mechanical process for controlling the humidity, temperature, cleanliness, and circulation of air in buildings and rooms. Indoor air is conditioned and regulated to maintain the temperature-humidity ratio that is most comfortable and healthful. , electronic heat-cost allocators, temperature monitoring, and air-measurement equipment. About Applied Digital Solutions, Inc. Applied Digital Solutions (Nasdaq: ADSXE) 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. Through its Advanced Technology Group, the company specializes in 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 Beneficial Owner A person who enjoys the benefits of ownership even though title is in another name. Notes: For example, when shares of a mutual fund are held by a custodian bank or when securities are held by a broker in street name, the true owner is the beneficial of a majority position in Digital Angel Corporation (Amex: DOC). 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 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. The Company intends that such forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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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