(BSNS WIRE) Applied Digital Solutions Introduces Verichip, a Miniaturized,
Applied Digital Solutions Introduces Verichip, a Miniaturized, Implantable
Identification Device With a Variety of Medical, Security and Emergency
Business Editors/Medical Writers
PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 19, 2001--Applied Digital
Solutions, Inc. (Nasdaq: ADSX), an advanced digital technology
development company, announced today that it has developed a
miniaturized, implantable identification chip -- called VeriChip(TM)
-- that can be used in a variety of medical, security and emergency
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's name and condition 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.
Commenting on the announcement, Richard J. Sullivan, Chairman and
CEO of Applied Digital Solutions stated: "With VeriChip, Applied
Digital has taken another significant step in developing leading-edge
personal security technologies for a rapidly evolving marketplace.
VeriChip joins Digital Angel(TM) and Thermo Life(TM) in our repertoire
of breakthrough technologies. All of these are designed specifically
to save lives, enhance personal security and improve quality of life.
We're looking forward to working with the medical community and other
potential partners to bring VeriChip to market as quickly as
About Digital Angel(TM)
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 Thermo Life(TM)
In November of 2001, Applied Digital Solutions created a wholly
owned subsidiary called Advanced Power Solutions, Inc. (APSI). This
new unit will further develop, market and license Thermo Life(TM), a
proprietary, thermoelectric generator powered by body heat. Thermo
Life is intended to provide a miniaturized power source for a wide
range of consumer electronic devices, including attachable or
implantable medical devices, wristwatches and other consumer devices.
The Company estimates that the potential marketplace for Thermo Life
exceeds $30 billion.
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.
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.
CONTACT: Applied Digital Solutions
Investor Contact, Robert Jackson, 561/805-8042
Email - firstname.lastname@example.org
Media Contact, Matthew Cossolotto, 914/245-9721
Email - email@example.com
INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS SOFTWARE MEDICAL
SOURCE: Applied Digital Solutions
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