Applied Digital Solutions Creates New Subsidiary, Advanced Power Solutions, Inc., to Develop, Market and License Thermo Life, a Miniaturized Generator Powered by Body Heat.Business Editors/High Tech Writers PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 22, 2001 Former 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 General Instrument, Richard S. Friedland, to serve as interim President and CEO of APSI APSI Association of Plastic Surgeons of India APSI Agence de Promotion, de Soutien et de Suivi des Investissements (French) APSI Aircraft Propulsion Subsystem Integration APSI Associazione Prevenzione Studio Infezioni ; will help company seize opportunities in high-growth, $2.5 billion marketplace 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) ) announced today that it has formed a new, 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. called Advanced Power Solutions, Inc. (APSI). This new unit will further develop, market and license Thermo Life(TM), a proprietary, 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. Thermo Life is intended to provide a miniaturized power source for a wide range of consumer electronic devices, including attachable or implantable medical devices and wristwatches. The Company estimates that the potential marketplace for Thermo Life exceeds $2.5 billion. Richard S. Friedland, former CEO of General Instrument and current board member of Applied Digital Solutions, will act as interim President and CEO of APSI. Commenting on his appointment, Mr. Friedland said: "Thermo Life is a product whose time has come. I look forward to assisting APSI in forming strategic partnerships and alliances. Our goal is to establish a solid foundation that will allow APSI to quickly achieve critical mass so it can emerge as a true leader in this high-growth marketplace. I'm very pleased that our first licensee will be Digital Angel Corporation." In announcing Mr. Friedland's appointment, Richard J. Sullivan, Chairman and CEO of Applied Digital Solutions, said: "I'm delighted that Richard Friedland has agreed to take on this important task at this very propitious pro·pi·tious adj. 1. Presenting favorable circumstances; auspicious. See Synonyms at favorable. 2. Kindly; gracious. [Middle English propicius, from Old French moment. He'll do an excellent job leading APSI in the critical early stages of its development. The timing of our Thermo Life breakthrough could not have been better. Creating APSI, and having Rick Friedland at the helm, will help Applied Digital take advantage of this exciting technology. Thermo Life is a life-saving and quality-of-life enhancing technology that directly addresses the critical needs of a vast, $2.5 billion marketplace. The first order of business for the team at APSI is to press forward with the development of Thermo Life, including efforts to perfect a more-powerful, 3-volt version of the body heat generator." Sullivan also commented: "Creating APSI underscores Applied Digital Solutions' commitment to become a leading developer of enhanced digital technologies. We have already received expressions of strong interest from medical device companies, battery manufacturers and watch manufacturers. Under the leadership of Rick Friedland and his team, APSI will immediately begin license agreement negotiations with various third parties." About Applied Digital Solutions, Inc. Applied Digital Solutions is an advanced digital technology development company that focuses on a range of early warning alert, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Wireless unit, 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. For more information, visit the company's website at http://www.adsx.com. About Digital Angel(TM) Digital Angel represents the first-ever combination of advanced biosensor A device that detects and analyzes body movement, temperature or fluids and turns it into an electronic signal. See lab on a chip and data glove. Biosensor technology and Web-enabled wireless telecommunications linked to Global Positioning Systems Global Positioning System: see navigation satellite. Global Positioning System (GPS) Precise satellite-based navigation and location system originally developed for U.S. military use. (GPS). By utilizing advanced biosensor capabilities, Digital Angel will be able to monitor key body functions - such as temperature and pulse - and transmit that data, along with accurate location information, to a ground station or monitoring facility. Applied Digital Solutions is exploring a wide range of potential applications for Digital Angel, including: monitoring the location and medical condition of at-risk patients; locating lost or missing individuals; locating missing or stolen household pets; monitoring the location of certain parolees; managing livestock and other farm-related animals; pinpointing the location of valuable stolen property; managing the commodity supply chain; preventing the unauthorized use of firearms This is an extensive list of small arms — pistol, machine gun, grenade launcher, anti-tank rifle — that includes variants. : Top - 0–9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z A
abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. compliant, physician-staffed call center providing service on a 24/7 basis. For more information on Digital Angel, visit www.digitalangel.net. 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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