PALM BEACH, FL - - January 9, 2002 - - Applied
Digital Solutions, Inc. (Nasdaq: ADSX) today announced
that VeriChip – a miniaturized, implantable identification
chip that can be used in a variety of medical, security and
emergency applications – will be featured on CNN’s American
Morning with Paula Zahn on January 10, 2002.
Since it was first announced on December 19, 2001, VeriChip
has been covered by a range of major newspapers, television
news programs, and wire services, including NBC’s Today Show,
the Washington Post, the Los Angeles Times, the Chicago
Tribune, Reuters, Associated Press, CNN-Financial News, CBS
Radio, National Public Radio, BBC radio, Tech TV, the Toronto
Star, among many others. In addition, a number of major media
outlets are expected to carry stories about VeriChip in the
near future, including CBS Weekend Evening News, the New York
Times and National Geographic Magazine.
“The amount and quality of media coverage about VeriChip
has been astounding,” commented Applied Digital Solutions’
Chairman and CEO, Richard J. Sullivan. “We expected a great
deal of interest, but we’ve been pleasantly surprised with the
overwhelming excitement on the part of the media and general
public. The key thing for us to do – and we’re in the process
of doing it right now – is to translate the enormous interest
we’ve generated into solid business opportunities and revenue.
We are in final negotiations with several potential
distribution partners for VeriChip both in the United States
and Latin America.”
Richard J. Sullivan continued: “In addition to VeriChip,
Digital Angel™ continues to receive a high level of interest
and customer orders. Unfortunately, because of the pending
merger of Digital Angel Corporation and Medical Advisory
Systems, Inc., I am unable to comment further due to “quiet
period” standards.
How VeriChip Works
VeriChip is an implantable,
12mm by 2.1mm radio frequency device about the size of the
point of a typical ballpoint pen. Each VeriChip will contain a
unique identification number and other critical data.
Utilizing an external scanner, radio frequency energy passes
through the skin energizing the dormant VeriChip, which then
emits a radio frequency signal transmitting the identification
number and other data contained in the VeriChip. The scanner
will display the identification number, but the VeriChip data
can also be transmitted, via telephone or the Internet, to an
FDA compliant, secure data-storage site. It will then be
accessible by authorized personnel. Inserting the VeriChip
device is a simple procedure performed in an outpatient,
office setting. It requires only local anesthesia, a tiny
incision and perhaps a small adhesive bandage. Sutures are not
necessary.
Medical Device Identification
Hundreds of
thousands of medical devices are surgically implanted into
patients every year. Examples of these life-saving and
life-enhancing devices include pacemakers, artificial joints,
orthopedic hardware, heart valves, and medication pumps. After
insertion, these devices often require adjustment, repair,
replacement, or even recall. VeriChip, inserted subdermally
just above the implanted medical device, provides patients,
medical providers, and manufacturers with a rapid, secure and
non-invasive method for obtaining medically critical
information about the device. VeriChip is a ready source of
data about the patient (such as name, emergency contact
information, allergies to medications), as well as the medical
device’s original components, required settings and other
essential parameters. Future applications may include full
medical record archival/retrieval for emergency medical care.
Emergency or Security-related
Identification
Personal identity verification
technology has gained considerable interest recently. A great
deal of focus has been trained on so-called “biometric”
technologies – which identify individuals by their unique
biological or physical characteristics, such as fingerprints,
voiceprints, retina characteristics, and face recognition
points. VeriChip, by contrast, relies on imbedded,
tamper-proof, microchip technology, which allows for
non-invasive access to identification, medical and other
critical data. Use of advanced VeriChip technology means that
the threat of theft, loss, duplication or counterfeiting of
data is substantially diminished or eliminated. Specific
application areas include: enhancement of present forms of
identification, search and rescue, and various law enforcement
and defense uses.
About Digital Angel™
Digital Angel represents the
first-ever combination of advanced biosensor technology and
Web-enabled wireless telecommunications linked to Global
Positioning Systems (GPS). By utilizing advanced biosensor
capabilities, Digital Angel will be able to monitor key body
functions – such as temperature and pulse – and transmit that
data, along with accurate location information, to a ground
station or monitoring facility. Digital Angel Corporation has
announced a proposed merger with Medical Advisory Systems. For
more information on Digital Angel, visit www.digitalangel.net.
About Applied Digital Solutions, Inc.
Applied
Digital Solutions is an advanced digital technology
development company that focuses on a range of early warning
alert, miniaturized power sources and security monitoring
systems combined with the comprehensive data management
services required to support them. Through its Advanced
Wireless unit, 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. For more information, visit the company's website
at http://www.adsx.com.