This November article is too important to let slip by, this will roll across Europe like a wave.--DJ
Wednesday November 15, 8:51 am Eastern Time
Press Release
Digital Angel.net Signs Memorandum of Understanding With BITKOM Member Blue Impact AG to Supply Digital Angel Technology for ''TellMan'' Palm PC Product
PALM BEACH, Fla.--(BUSINESS WIRE)--Nov. 15, 2000--
Blue Impact's membership in BITKOM, Germany's
largest information technology association, is an
important initial step toward wider
deployment of Digital Angel technology in Europe
Applied Digital Solutions, Inc. (NASDAQ: ADSX - news) today announced that its Digital Angel.net subsidiary has signed a memorandum of understanding with Blue Impact AG, a member of BITKOM, the Federal Association of Information Economy, Telecommunications and New Media.
The agreement outlines the integration of Digital Angel technology into Blue Impact's TellMan palm PCs.
Commenting on the development, Richard J. Sullivan, Chairman and CEO of Applied Digital Solutions, said in a statement: ``We are very pleased with this first major step toward widespread deployment of Digital Angel technology. We believe this partnership with Blue Impact is only the beginning of our effort to introduce Digital Angel to a potentially huge worldwide market. Working with Blue Impact, a member of BITKOM, bodes extremely well for the European deployment of Digital Angel. We will continue to align ourselves with companies and organizations, both domestically and abroad, that recognize the tremendous technological leap forward that Digital Angel represents.''
TellMan is a dual-band GSM (Global System for Mobile) receiver and a miniaturized GPS navigation module for the Handspring Visor. Currently, four different functions are available to the user: Personal Digital Assistant (PDA), GSM telephone, GPS positioning system, and web/WAP terminal. The agreement calls for the inclusion of Digital Angel GPS technology in TellMan as the initial step. In a second stage, Digital Angel's sensor technology will be integrated with anticipation of entering the medical monitoring market, among others.
About Blue Impact
Blue Impact is a developer and integrator of innovative communication solutions and systems, and produces capacity for communication, navigation and service projects with its worldwide network of partner firms. With the development of Tellman, Blue Impact AG has taken the first important steps towards offering the mobile communication society its universal wish for a future without the need for cables.
About BITKOM
BITKOM is Germany's most important association at the federal level for companies in the information economy, telecommunications and new media. BITKOM represents 1,250 companies whose members represent combined revenue of 230 billion DM and approximately 700,000 employees.
About Digital Angel.net Inc.
In December of 1999, Applied Digital Solutions announced that it had acquired the patent rights to a miniature digital transceiver -- which it has named Digital Angel. Digital Angel will be able to send and receive data and be located by GPS (Global Positioning System) technology. The company believes this technology will enable it to tap into a multi-billion dollar marketplace with a number of applications that will prove to be extremely popular. These potential applications include: monitoring the medical condition of at-risk patients; tracking endangered wildlife or household pets; managing livestock and other farm-related animals; pinpointing the location of valuable stolen property; finding lost airline baggage and postal packages; managing the commodity supply chain; preventing the unauthorized use of firearms; and providing a tamper-proof means of identification for enhanced e-commerce security.
In September of 2000, Applied Digital Solutions acquired Destron Fearing Corporation and merged it into its Digital Angel subsidiary. Destron Fearing, based in South St. Paul, Minnesota, has been in the animal identification business since 1945 and manufactures a broad line of electronic and visual identification devices and information systems for companion animals, livestock, laboratory animals, fish and wildlife. The company owns patents worldwide in microchip technology and is a leader in the world evolution of radio frequency animal identification. For more information about Digital Angel, visit www.digitalangel.net. For more information about Destron Fearing, visit www.destronfearing.com.
About Applied Digital Solutions, Inc.
Applied Digital Solutions is a leading edge, single-source provider of e-business solutions. The company differentiates itself in the marketplace by enabling e-business through Computer Telephony Internet Integration (CTII). With five-year revenue growth (from 1994 to 1998) of 64,012%, Applied Digital Solutions is ranked as the fifth fastest-growing technology company by Deloitte & Touche in its 1999 Technology Fast 500 listing. For more information, visit the Company's web site at 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 Reform Act of 1995. The Company intends that such forward-looking statements 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.
Contact:
Ovations International, Inc.
Matthew Cossolotto, 914/245-9721
matthew@ovations.com
or
ADS Investor Relations
Robert Jackson, 561/366-4800
Fax: 561/366-8591
rjackson@adsx.com