http://www.digitalangel.net/pr_7_31_00.htm
"Digital Angel™ Breakthrough Technology Goes Live!"
Applied Digital Solutions will unveil an operational prototype of its
revolutionary Digital Angel technology … Chairman sees multi-billion dollar
market potential via licensing and services integrated with Web-enabled
wireless devices.
The prototype … to be unveiled at an invitation-only, New York City event
this October … represents a major communications technology breakthrough --
the first-ever operational combination of bio-sensor technology and
Web-enabled wireless telecommunications linked to GPS location-tracking
systems.
PALM BEACH, FLORIDA, JULY 31, 2000 -- Applied Digital Solutions, Inc.
(NASDAQ:ADSX) today announced that it will host a special, invitation-only
event in New York City this coming October to demonstrate an operational
prototype of its revolutionary "Digital Angel"™ technology. As previously
announced, the prototype of the device was to be ready by the end of this
year. But Applied Digital's Chairman and CEO, Richard J. Sullivan, said today
that the development of the technology had progressed well ahead of schedule.
In his comments announcing the October event, Richard Sullivan stated: "We're
extremely heartened by the remarkable progress made by Dr. Peter Zhou and his
entire research team, including professors and their associates at Princeton
University and the New Jersey Institute of Technology. This technology
relates directly to the exploding wireless marketplace. We'll be
demonstrating for the first time ever that wireless telecommunications
systems and bio-sensor devices - capable of measuring and transmitting
critical body function data - can be successfully linked together with GPS
technology and integrated with the Internet. This is a gigantic leap forward,
one that also links directly to our Computer Telephony Internet Integration
(CTII™) strategic focus. At its heart, Digital Angel involves integrating the
very same communications technologies into a working system. We'll soon be
ready to move ahead to the production-design phase of Digital Angel geared to
specific marketplace applications. The key message right now is this: Digital
Angel isn't a blue-sky technology. This is real. Digital Angel breakthrough
technology is here. It's live!"
While estimates of Digital Angel's marketplace potential vary, there is
little doubt that the technology will enable Applied Digital and its partners
to tap into a multi-billion dollar market via various licensing arrangements,
Web-enabled wireless services and data transactions handled by Applied
Digital's ASP (Application Service Provider) center.
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