VeriChip Awarded U.S. Patent for Portable RFID Asset Tracking System
January 08 2007 - 9:00AM
PR Newswire (US)
Portability feature to help VeriChip develop new applications and
open markets for its RFID asset-based tracking technology DELRAY
BEACH, Fla., Jan. 8 /PRNewswire-FirstCall/ -- Applied Digital
Solutions (NASDAQ:ADSX), though its subsidiary VeriChip
Corporation, announced today that the U.S. Patent and Trademark
Office has granted VeriChip Corp. a patent for its portable RFID
asset location system. The patent, No. # 7,116,230, combines RFID
tagging technology with a portable receiver to track the location
of assets within a fixed setting, such as a building or warehouse.
Rather than relying on a network of fixed receivers, the asset
location system utilizes portable receivers to collect RFID
messages, which the system uses to identify the unique ID of the
asset as well as its room location. Daniel A. Gunther, President of
VeriChip Corporation commented, "This patent is an extension of our
proven RFID-based asset tracking technology. The portability of the
receiver is a unique feature that we believe could have many
applications in industrial, warehouse and healthcare settings. By
not requiring the installation of numerous fixed receivers
throughout a facility, such a system could substantially lower the
initial cost of implementing RFID technology." 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 (AMEX:DOC). About
VeriChip Corporation VeriChip Corporation, headquartered in Delray
Beach, Florida, develops, markets and sells radio frequency
identification, or RFID, systems used to identify, locate and
protect people and assets. VeriChip's goal is to become the leading
provider of RFID systems for people in the healthcare industry.
VeriChip sells passive RFID systems for identification purposes and
active RFID systems for local-area location and identification
purposes. VeriChip recently began to market its VeriMed(TM) Patient
Identification System for rapidly and accurately identifying people
who arrive in an emergency room and are unable to communicate. This
system uses the first human-implantable passive RFID microchip, the
implantable VeriChip(TM), cleared for medical use in October 2004
by the United States Food and Drug Administration. For more
information on VeriChip, please call 1-800-970-2447, or email .
Additional information can be found online at
http://www.verichipcorp.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. Contact: Investors: Nick Laudico The Ruth Group
646-536-7030 Media: Jason Rando The Ruth Group 646-536-7025
DATASOURCE: Applied Digital CONTACT: Investors, Nick Laudico,
+1-646-536-7030, , or Media, Jason Rando, +1-646-536-7025, , both
of The Ruth Group, for Applied Digital Web site:
http://www.verichipcorp.com/
Copyright
Applied Digital Solutions (NASDAQ:ADSX)
Historical Stock Chart
From May 2024 to Jun 2024
Applied Digital Solutions (NASDAQ:ADSX)
Historical Stock Chart
From Jun 2023 to Jun 2024