|VeriChip Corporation Receives First Orders for VeriGuard Secure Access Control Scanning Devices - 2,
||[Nov. 12th, 2004|06:39 pm]
VeriChip Corporation Receives First Orders for VeriGuard Secure Access Control Scanning Devices - 2,100 Additional VeriChips and 130 Handheld Scanners Also Ordered - October 21, 2003 |
PALM BEACH, Fla. VeriChip Product Launch Planned For Brazil in Mid-November to include VeriKid(TM), VeriGuard(TM), And Other Security and Emergency Identification Applications Applied Digital Solutions, Inc. (Nasdaq: ADSX) an advanced technology development company, announced today that its wholly owned subsidiary, VeriChip Corporation, has received an initial order for ten of the Company's new wall-mounted VeriGuard(TM) secure access control scanning devices. The first VeriGuard(TM) sales will be featured in the upcoming VeriChip(TM) product launch planned for Brazil in mid-November. Launch details will be announced in the near future.
About the size of a grain of rice, VeriChip(TM) is the world's first subdermal, radio frequency identification (RFID) microchip that can be used in a variety of security, financial, emergency identification and other applications.
The newly developed VeriGuard secure access control ("VeriGuard-S.A.C.") system represents the first-ever deployment of a wall-mounted RFID (radio frequency identification) subdermal VeriChip reader integrated into a building-access security system.
In addition to the first VeriGuard orders, the Company announced today that its distributor for Brazil, Metro Risk Management Group LLC (MRMG), has ordered 2,100 additional VeriChips and 130 proprietary, handheld VeriChip scanners. As part of the VeriChip product launch in Brazil, MRMG also plans to introduce a VeriKid(TM) emergency identification program similar to the child-safeguard program recently announced in Mexcio.
More About VeriGuard-S.A.C.
The VeriGuard-S.A.C. reader consists of a high-powered RFID antenna encased in a durable plastic panel that can be mounted near a doorway or building entrance. The VeriGuard-S.A.C. scanner "reads" a passing subdermal VeriChip by emitting a low-frequency radio signal and receiving a return radio signal sent by the VeriChip's transponder. The hardware and software components of the VeriGuard-S.A.C. system work together to authenticate personnel who are authorized to enter a given building or facility and unlock a secure doorway if the person has authorized access. The VeriGuard-S.A.C. panel can also be placed in strategic locations within a building or facility to "track" the location and movements of authorized personnel inside a secure area. VeriGuard-S.A.C. could function as a stand-alone, tamper-proof personal verification secure access technology or it could operate in conjunction with other security technologies such as standard ID badges, smart cards and advanced biometric devices (e.g. retina scanners, thumbprint readers or face recognition devices). The Company envisions incorporating variations of the VeriGuard solution into "Trusted Traveler" and residential security programs.
About Metro Risk Management Group, LLC
Headquartered in Miami, Florida, Metro Risk Management Group is an international risk management agency with twelve offices worldwide. The firm was founded in 1998 by a group of former government agents and operatives to serve the needs of multinational corporations, government and non-government agencies in security and investigative matters. Over 35 Fortune 500 companies and a host of other organizations have since called on MetroRisk for assistance on matters ranging from counter terrorism and hostage recovery to business and e-intelligence. The firm has become increasingly well-known for its capabilities in counter terrorism - risk analysis, protection of both personnel and property, and hostage negotiation and recovery. Increasingly, clients turn to MetroRisk for political-stability projections. Metro Risk also provides a range of investigative services, including e-evidence, protection of intellectual property and the tracing of seeming hidden assets.
United States Offices: Miami, FL; New York, NY; Norfolk, VA; Seattle, WA; Washington, DC. International Offices: Bogota, Colombia; Buenos Aires, Argentina; Caracas, Venezuela; Dubai, United Arab Emirates; Madrid, Spain; Mexico City, Mexico; Santiago, Chile. For more information, visit http://www.metroriskmg.com.
VeriChip is a subdermal, radio frequency identification (RFID) device that can be used in a variety of security, financial, emergency identification and other applications. About the size of a grain of rice, each VeriChip product contains a unique verification number that is captured by briefly passing a proprietary scanner over the VeriChip. The standard location of the microchip is in the triceps area between the elbow and the shoulder of the right arm. The brief outpatient "chipping" procedure lasts just a few minutes and involves only local anesthetic followed by quick, painless insertion of the VeriChip. Once inserted just under the skin, the VeriChip is inconspicuous to the naked eye. A small amount of radio frequency energy passes from the scanner energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. In October 2002, the US Food and Drug Administration (FDA) ruled that VeriChip is not a regulated device with regard to its security, financial, personal identification/safety applications but that VeriChip's healthcare information applications are regulated by the FDA. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions (Nasdaq: ADSX). For more information about VeriChip, visit http://www.adsx.com.
About Applied Digital Solutions, Inc.
Applied Digital Solutions is an advanced technology development company that focuses on a range of life-enhancing, personal safeguard technologies, early warning alert systems, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Technology Group, the Company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. Applied Digital Solutions owns a majority position in Digital Angel Corporation (AMEX: DOC). For more information, visit the Company's website 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. 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.