VeriChip Corporation ships 15,000th Active RFID Asset Tag; Active, Attachable RFID Asset Tag Used for Asset Tracking Solutions f
06 October 2005 - 11:00PM
Business Wire
VeriChip Corporation, a subsidiary of Applied Digital
(NASDAQ:ADSX), announced today the shipment of its 15,000th radio
frequency identification (RFID) asset tag within the past five
months, as it nears completion of its third hospital asset-tracking
system installation during this period. "By incorporating
RFID-based asset location and tracking into healthcare
environments, hospitals gain control of their medical equipment,
resulting in improved patient care and a better bottom line,"
stated Kevin McLaughlin, Chief Executive Officer of VeriChip
Corporation. VeriChip Corporation believes that its asset tag is
the smallest, longest-lasting active RFID tag on the market, making
it ideal for the protection and tracking of even small pieces of
medical equipment. Once the tags are attached to desired items,
hospital staff can quickly locate what they need when they need it
on an easy-to-use electronic floor plan. This tagged equipment is
also protected from theft by triggering alarms if items are taken
from designated areas, and helps the hospital with its regulatory
compliance and prevention of infection through the accidental use
of "dirty" equipment. For more information on VeriChip's RFID-based
asset tracking solutions, please visit www.verichipcorp.com or
contact 1-800-970-CHIP or info@verichipcorp.com. About VeriChip -
"RFID for people" VeriChip is a subsidiary of Applied Digital and
provides state-of-the-art RFID security solutions that identify,
locate, and protect people, their assets, and their environments.
From the world's first and only FDA-cleared, human-implantable RFID
microchip to the only active RFID tag with patented skin sensing
capabilities, VeriChip's technology ensures the safety and security
organizations are looking for. Its market-leading infant
protection, wander prevention, asset tracking, and patient
identification applications make VeriChip the predominant RFID
solutions provider in the healthcare industry. And today, VeriChip
systems are installed in over 4,000 locations worldwide in
healthcare, security, industrial, and government markets making it
the world's premier RFID company for people. For more information
on VeriChip, please visit www.verichipcorp.com. About Applied
Digital - "The Power of Identification Technology" Applied Digital
develops innovative identification and security products for
consumer, commercial, and government sectors worldwide. The
Company's unique and often proprietary products provide
identification and security systems for people, animals, the food
supply, government/military arena, and commercial assets. Included
in this diversified product line are RFID applications, end-to-end
food safety systems, GPS/Satellite communications, and telecomm and
security infrastructure, positioning Applied Digital as the leader
in identification technology. Applied Digital is the owner of a
majority position in Digital Angel Corporation. 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.
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