Implants - Now a Marketing
Reality
Company Press Release
Applied Digital Solutions Acquires Rights to World's
First Digital Device Implantable in Humans - With Applications in
E-business to Business Security, Health Care and Criminal Justice
PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 15, 1999--
Inserted just under the skin, with maintenance-free regenerating power
supply, miniature Applied Digital Solutions, Inc. (NASDAQ:ADSX - news)
today announced that it has acquired the patent rights to a miniature
digital transceiver which it has named ``Digital AngelŪ'' -- 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 ntities. 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'sŪ 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:
http://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.
BACKGROUND AND TECHNICAL ABSTRACT
Digital AngelŪ