GIVE SATAN A HAND
PALM BEACH, Fla.--(BUSINESS WIRE)--Dec. 15, 1999-- Inserted just under the skin, with maintenance-free regenerating power supply, miniature Digital AngelŪ has multi-billion dollar market potential.
Applied Digital Solutions, Inc. (NASDAQ:ADSX - news) today announced that
it has acquired the patent rights to a miniature digital transceiver --
which it has named Digital AngelŪ -- 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,
the location of valuable property and monitoring the medical conditions
of at-risk patients.
In the agreement signed last week, ADS acquired the right to develop this
unique product itself for all of its applications or to sublicense the
development of specific applications to other entities. A special
group has been formed within ADS to supervise the development of the
The implantable transceiver sends and receives data and can be
tracked by GPS (Global Positioning Satellite) technology. The
power supply and actuation system are unlike anything ever created. When
implanted within a body, the device is powered electromechanically
the movement of muscles, and it can be activated either by the ``wearer''
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.
Commenting on Digital Angel'sŪ many potential applications, Richard J.
Sullivan, Chairman and CEO of Applied Digital Solutions, Inc. (ADS),
said: ``We believe its potential for improving individual and e-business
and enhancing the quality of life for millions of people is virtually
limitless. Although we're in the early developmental phase, we expect to
come forward with applications in many different areas, from medical
monitoring to law enforcement. However, in keeping with our core
in the e-business to business arena, we plan to focus our initial
development efforts on the growing field of e-commerce security and user
Sullivan added that the multi-purpose technology would enable ADS to tap
into a vast global market, through licensing and other commercial
arrangements, with an estimated total value in excess of $100 billion.
``The e-business to business security market alone could reach as high as $10
to $12 billion in the near future,'' Sullivan added.