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Digital Angel Corporation (Amex:DOC), an advanced technology
company in the field of rapid and accurate identification, location
tracking and condition monitoring of high-value assets, announced
today that its UK subsidiary, Signature Industries Ltd, has won a $1.5
million order to provide the Swedish Air Force with a quantity of 600
SARBE 6-406 Personal Location Beacons (PLB). The Swedish Air Force
also has an option for 200 additional units at a value of $500,000.
Military forces throughout the world are now engaged in a process
to renew their Search & Rescue Radios before February 2009. The
current satellite system operating on analog 121.5Mhz will switch off
in 2009, and the 406Mhz digital system will be adopted.
Digital Angel President and Chief Executive Officer Kevin McGrath
said, "We are very pleased that the Swedish Air Force has selected the
SARBE 6-406 following a rigorous technical and commercial evaluation
of all major military beacon manufacturers."
"As a leading supplier of military Search & Rescue radios for more
than 50 years, the investment we have made over the past three years
is critical to ensure we have the capability to protect our customer
base in the 40+ countries we serve. The change in satellite
communications for Search & Rescue provides substantial opportunities
over the next two years and we believe we are well positioned to
capitalize on this."
About Digital Angel Corporation
Digital Angel Corporation (www.DigitalAngelCorp.com) develops and
deploys sensor and communications technologies that enable rapid and
accurate identification, location tracking, and condition monitoring
of high-value assets. Applications for the Company's products include
identification and monitoring of humans, pets, fish, poultry and
livestock through its patented implantable microchips; location
tracking and message monitoring of vehicles and aircraft in remote
locations through systems that integrate GPS and geosynchronous
satellite communications; and monitoring of asset conditions such as
temperature and movement, through advanced miniature sensors. Digital
Angel Corporation is majority-owned by Applied Digital Inc.
(Nasdaq:ADSX), which also owns a majority position in VeriChip
Corporation (NASDAQ:CHIP).
This press release includes forward-looking statements, including
statements regarding the ability of the Company protect its customer
base, the future opportunities that are expected due to changes in
satellite communication technology and the Company's belief that it is
well positioned to capitalize on such opportunities. The Company
wishes to caution readers that certain important factors and various
risks may have affected and could in the future affect the Company's
actual results and could cause the Company's actual results for
subsequent periods to differ materially from those expressed in any
forward-looking statement made by or on behalf of the Company. With
respect to the Company's expectations expressed in this press release,
such risk factors include, but are not limited to, the Company's
ability to successfully compete with other producers of competitive
satellite communications products and the ability and willingness of
customers to fund new Search & Rescue radios. This information is also
qualified in its entirety by cautionary statements and risk factor
disclosures contained in the Company's Securities and Exchange
Commission filings, including the Company's annual report on Form 10-K
for the fiscal year ended December 31, 2006 and its quarterly reports.
The Company can offer no assurances that any projections, assumptions
or forecasts made or discussed in this release will be met, and
investors should understand the risks of investing solely due to such
projections. The Company undertakes no obligation to revise any
forward-looking statements in order to reflect events or circumstances
that may arise after the date of this press release.
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