Press Release from http://www.adsx.com/news/
Special Report
PALM BEACH, FLORIDA, DECEMBER 15, 1999 -- Applied Digital
Solutions, Inc. (NASDAQ:ADSX) today announced that it has acquired
the patent rights to a miniature digital transceiver - which it has named
"Digital Angel™" -- 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 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 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 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 on or within valuable personal belongings and
priceless works of art.
Commenting on Digital Angel's™ many potential applications, Richard J.
Sullivan, Chairman and CEO 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 and software services to a wide
variety of businesses throughout North America. For more information,
visit the Company's web site at www.adsx.com.
Special Report from http://www.adsx.com/news/digital_angel.html
BACKGROUND AND TECHNICAL ABSTRACT
Digital Angel™
E-Business Security, Emergency Location and Medical
Monitoring
Background
On May 13, 1997,
United States 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
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™." 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™ overcomes these limitations.
Basic Features and Potential Uses of Digital ™
The Digital Angel™ 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 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™ 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; 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, hikers, skiers, etc.).
contributed by Coreen Kutchak & BlueStarEnergy
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