Applied Digital Solutions Acquires Rights to World's First Digital Device.PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 15, 1999-- Implantable in Humans - With Applications in E-business to Business Security, Health Care and Criminal Justice Inserted just under the skin, with maintenance-free regenerating re·gen·er·ate v. re·gen·er·at·ed, re·gen·er·at·ing, re·gen·er·ates v.tr. 1. To reform spiritually or morally. 2. To form, construct, or create anew, especially in an improved state. power supply, miniature "Digital Angel(R)" has multi-billion dollar market potential Applied Digital Solutions, Inc. (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) ) today announced that it has acquired the patent rights to a miniature digital transceiver -- which it has named "Digital Angel(R)" -- that can be used for a variety of purposes, such as providing a tamper-proof means of identification for enhanced e-business security, locating lost or missing individuals, tracking the location of valuable property and monitoring the medical conditions See carpal tunnel syndrome, computer vision syndrome, dry eyes and deep vein thrombosis. of at-risk patients. In the agreement signed last week, ADS acquired the right to develop this unique product itself for all of its applications or to sublicense sub·li·cense n. A license giving rights of production or marketing of products or services to a person or company that is not the primary holder of such rights. tr.v. the development of specific applications to other entities. A special technology group has been formed within ADS to supervise the development of the device. The implantable transceiver sends and receives data and can be continuously tracked by GPS (Global Positioning Satellite) technology. The transceiver's power supply and actuation ac·tu·ate tr.v. ac·tu·at·ed, ac·tu·at·ing, ac·tu·ates 1. To put into motion or action; activate: electrical relays that actuate the elevator's movements. 2. system are unlike anything ever created. When implanted within a body, the device is powered electromechanically through the movement of muscles, and it can be activated either by the "wearer" or by the monitoring facility. A novel sensation feedback feature will even allow the wearer to control the device to some degree. The "smart" device is also small enough to be hidden inconspicuously in·con·spic·u·ous adj. Not readily noticeable. in  con·spic on or within valuable
personal belongings personal belongings npl → efectos mpl personales and priceless works of art.
Commenting on Digital Angel's(R) many potential applications, Richard J. Sullivan, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Applied Digital Solutions, Inc. (ADS), said: "We believe its potential for improving individual and e-business security and enhancing the quality of life for millions of people is virtually limitless. Although we're in the early developmental phase, we expect to come forward with applications in many different areas, from medical monitoring to law enforcement. However, in keeping with our core strengths in the e-business to business arena, we plan to focus our initial development efforts on the growing field of e-commerce security and user ID verification." Sullivan added that the multi-purpose technology would enable ADS to tap into a vast global market, through licensing and other commercial arrangements, with an estimated total value in excess of $100 billion. "The e-business to business security market alone could reach as high as $10 to $12 billion in the near future," Sullivan added. ADS is actively seeking joint venture partners to help develop and market the unique technology. The company expects to create a working prototype by the end of next year. Applied Digital Solutions, Inc. is an e-business to business solutions provider offering Internet, telecom, LAN (Local Area Network) A communications network that serves users within a confined geographical area. The "clients" are the user's workstations typically running Windows, although Mac and Linux clients are also used. and software services to a wide variety of businesses throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For more information, visit the Company's web site 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. BACKGROUND AND TECHNICAL ABSTRACT Digital Angel(R) E-Business Security, Emergency Location and Medical Monitoring Background On May 13, 1997, United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. Patent Number 5,629,678 was granted for a "personal tracking and recovery system," consisting of a miniature digital transceiver -- implantable in humans -- with a built-in, electromechanical The use of electricity to run moving parts. Disk drives, printers and motors are examples. Electromechanical systems must be designed for the eventual deterioration of moving components that wear over time. The first TVs were electromechanical systems (see video/TV history). power supply and actuation system. These features enable the device to remain implanted and functional for years without maintenance. This transceiver sends and receives data and can be continuously tracked by Global Positioning Satellite (GPS) technology. On December 10, 1999, Applied Digital Solutions, Inc. (ADS) acquired the patent rights to this technology, which the company refers to as "Digital Angel(R)." The agreement gives ADS the right to develop this unique product for all of its applications or to sublicense the development of specific applications to other entities. ADS is actively seeking joint venture partners to develop and market this technology. We expect to produce a prototype of the device by the end of 2000. We believe the potential global market for this device -- in all of its applications -- could exceed $100 billion. Limitations of Competing Technologies While a number of other tracking and monitoring technologies have been patented and marketed in the past, they are all unsuitable for the widespread tracking, recovery and identification of people due to a variety of limitations, including unwieldy size, maintenance requirements, insufficient or inconvenient power-supply and activation difficulties. For the first time in the history of location and monitoring technology, Digital Angel(R) overcomes these limitations. Basic Features and Potential Uses of Digital Angel(R) The Digital Angel(R) transceiver can be implanted just under the skin or hidden inconspicuously on or within valuable personal belongings and priceless works of art. When implanted within the human body, the transceiver is powered electromechanically through the movement of muscles. It can be activated either by the "wearer" or by a remote monitoring (protocol) remote monitoring - (RMON) A network management protocol that allows network information to be gathered at a single computer. Whereas SNMP gathers network data from a single type of Management Information Base (MIB), RMON 1 defines nine additional MIBs that provide a facility. The device also can monitor certain biological functions of the human body - such as heart rate - and send a distress signal to a monitoring facility when it detects a medical emergency. Although still in the early developmental stage, we believe Digital Angel(R) could have an array of beneficial potential applications: provide a tamper-proof means of locating and identifying individuals for e-business and e-commerce security; locate individuals, including children, who are lost or who have been abducted abducted Distal angulation of an extremity away from the midline of the body in a transverse plane and away from a sagittal plane passing through the proximal aspect of the foot or part, or away from some other specified reference point ; monitor the medical conditions of at-risk patients; track and locate military, diplomatic and other essential government personnel; determine the location or the authenticity of valuable property; track the whereabouts of wilderness sports enthusiasts (mountain climbers This list of climbers includes both mountaineers and rock climbers, since many (though not all) climbers engage in both types of activities. The list also includes boulderers and ice climbers. , hikers, skiers, etc.). About Applied Digital Solutions, Inc. Applied Digital Solutions, Inc. is an e-business to business solutions provider offering Internet, telecom, LAN and software services to a wide variety of businesses throughout North America. ADS is led by Richard J. Sullivan, who was elected Chairman of the Board of Directors and named Chief Executive Officer in May 1993. Since assuming this role, he has spearheaded the acquisition of some 40 companies over the past five years. During his tenure as Chairman and CEO, ADS has experienced record revenue and profit growth. For more information, visit the Company's web site at www.adsx.com |
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