Applied Digital Solutions
Digital Angel Press Release 1/7/00
The following information concerning another new microchip
technology referred to as the so-called 'Digital Angel™',
was taken from the Applied Digital Solutions web site at
http://www.adsx.com
Applied Digital Solutions hires Dr. Peter Zhou as chief
scientist to spearhead development of Digital Angel™
technology
Company believes the implantable device will have
applications in a variety of beneficial areas, including
e-business security, health care and law enforcement
PALM BEACH, Florida, January 7, 2000 -- Applied Digital
Solutions, Inc. (NASDAQ:ADSX) today announced the
appointment, effective January 17, of Dr. Peter Y. Zhou, a
noted scientist and holder of numerous patents in the field
of electronic detection systems, as its new chief scientist
in charge of developing the recently announced Digital Angel
technology.
Dr. Zhou is currently serving as Vice President of
Technology at Sentry Technology Corporation based in
Hauppauge, New York. Prior to this, Dr. Zhou held the
position of Vice President, Technology, at Knogo North
America.
Dr. Zhou has also been an Adjunct Professor at State
University of New York (Old Westbury). Earlier in his
career, Dr. Zhou was a Research Investigator at the
University of Pennsylvania, and a Research Scientist at
Max-Planck Institute in Stuttgart, Germany. He holds a Ph.D.
in Materials Science from the University of Pennsylvania and
a Master of Science degree in Solid State Physics from
Beijing University of Science and Technology.
"Dr. Zhou brings enormous expertise to ADS, and especially
to our Digital Angel R&D effort," said Richard J. Sullivan,
Chairman and CEO of ADS. "Given Dr. Zhou's track record of
success in developing related technologies, we're very
hopeful that he will be able to help us speed the
development of this potentially life-saving technology," he
further stated.
In his new position, Dr. Zhou will serve as Vice President
and Chief Scientist at ADS and as President and Chief
Scientist of ADS's wholly owned subsidiary, Digital
Angel.net, Inc. Commenting on his new position, Dr. Zhou
said: "I'm excited about this opportunity. I believe Digital
Angel will have many useful commercial applications in the
e-business arena, as well as many applications in the area
of health and safety. This truly is a new technology for the
new millennium."
ADS announced on December 15, 1999, that it had acquired the
patent rights to a miniature digital transceiver - which it
has named Digital Angel -- that can be used for a variety of
purposes, such as providing a tamper-proof means of
identification for enhanced e-business security, locating
lost or missing individuals, monitoring livestock, tracking
the location of valuable property and monitoring the medical
conditions of at-risk patients.
Under the terms of its agreement acquiring the patent rights
to Digital Angel, ADS has the right to develop the device
itself for all of its applications or to sublicense the
development of specific applications to other entities.
The implantable Digital Angel transceiver sends and receives
data and can be continuously tracked by GPS (Global
Positioning Satellite) technology. The transceiver's power
supply and actuation system are unlike anything ever
created. When implanted within a body, the device is powered
electromechanically through the movement of muscles, and it
can be activated either by the "wearer" or by the monitoring
facility. A novel sensation feedback feature will even allow
the wearer to control the device to some degree. The "smart"
device is also small enough to be hidden inconspicuously on
or within valuable personal belongings and priceless works
of art.
ADS is actively seeking joint venture partners to help
develop and market the unique technology. The company hopes
to have a prototype of the Digital Angel device available
for testing by the end of this year.
For more information about the Digital Angel technology,
visit Digital Angel.net, Inc.'s website at
www.digitalangel.net.
Applied Digital Solutions, Inc. is an e-business to business
solutions provider offering Internet, telecom, LAN and
software services to a wide variety of businesses throughout
North America. For more information, visit the Company's web
site at 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.