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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 been
awarded a $1.7 million order by the Royal Air Force of Oman to provide
SARBE G2R Combat Recovery Radios to Omani Jet Fighter Pilots. Delivery
of the radios will occur in the second half of 2007.
Digital Angel President and Chief Executive Officer Kevin McGrath
said, "We are honored that the Royal Air Force of Oman has chosen our
SARBE G2R Combat Survival Radio, which further reinforces our SARBE
unit's capabilities as a world leader in the supply of
state-of-the-art military combat survival radios."
"Our recent successes in winning two U.S. Air Force development
contracts (valued at $1 million) and a Swedish Air Force order (valued
at $1.5 million), clearly demonstrate, we believe, that our investment
over the past four years in the early development of next generation
406Mhz survival radios positions us to provide customers with a
first-class military rescue radio to replace the obsolete 121.5Mhz
radios resulting from the satellite change," continued McGrath.
Satellite radios that operate on 121.5 and 243Mhz frequencies will
be rendered obsolete when the Cospas-Sarsat satellite rescue system is
changed to monitor only 406MHz radio frequency in 2009. Cospas-Sarsat
is the international satellite system operator that detects activated
search and rescue beacons and approves all rescue beacon systems.
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 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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