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Digital Angel Digital Angel's SARBE Unit Receives $2.7 Million of Orders from Malaysian Air Force and Navy to Supply Personal Locator Beacons!
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(2008-06-13)
By: Copyright Business Wire 2008 , Business Wire
Digital Angel (NASDAQ:DIGA), an advanced technology company in the field of animal identification and emergency identification solutions, announced today that its SARBE division has concluded negotiations for the supply of equipment with a combined value of approximately US$2.7 million to the Malaysian Armed Forces. Delivery of all equipment is due by the end of Q2 '09.
The Company will supply its high-performance SARBE G2R Personal Locator Beacon (PLB) along with associated spares, support equipment and training. The SARBE G2R PLB will be carried by aircrews operating fixed and rotary wing aircraft in the Royal Malaysian Air Force (RMAF) and Navy (RMN) for use in emergencies to summon assistance. The equipment supplied replaces older SARBE equipment that will soon become obsolete due to upgraded search and rescue satellite systems.
This purchase by the Malaysian government illustrates its commitment to equip their pilots and air crew with the best survival equipment available. The selection of G2R followed a rigorous selection process where all alternative products were considered. Technical superiority and the high level of support given by Signature were cited as key reasons for selection.
Joseph J. Grillo, Chief Executive Officer of Digital Angel, said, "Our SARBE division has a history of over 20 years supplying the Malaysian Armed Forces with PLBs, and we are delighted to continue our association with this prestigious military organization."
About SARBE
A division of Digital Angel's Signature Industries subsidiary, based in the United Kingdom, SARBE is a world-leading supplier of Search and Rescue Beacon Equipment and Personal Locator Beacons (PLBs). SARBE beacons are now among the most technologically-advanced available, featuring digital satellite communications, Global Positioning by Satellite (GPS) and programmable functionality. Its SARBE trademark is widely considered the global standard for these devices, which are now found on ships, aircraft and submarines of the armed forces in more than 40 countries.
About Digital Angel
Digital Angel (www.digitalangel.com) is an advanced technology company in the field of animal identification and emergency identification solutions. Digital Angel's products are utilized around the world in such applications as pet identification using its patented, FDA-approved implantable microchip; livestock identification and tracking using visual and radio frequency identification (RFID) ear tags; and global positioning systems (GPS) search and rescue beacons for use on aircraft, ships and boats, and by adventure enthusiasts. Digital Angel is an approximately 49% stockholder of VeriChip Corporation (NASDAQ: CHIP).
This press release contains certain "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Forward-looking statements included in this press release include, without limitation, those concerning expectations regarding the expected benefits of the technology and the impact of the award on the Company's financial results. These forward-looking statements are based on the Company's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions. Additional information about these and other factors that could affect the Company's businesses is set forth in the Company's Form 10-K under the caption "Risk Factors" filed with the Securities and Exchange Commission ("SEC") on March 17, 2008, and subsequent filings with the SEC. The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
(c)2008 Business Wire. All of the news releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Business Wire's members, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
[link to www.epicos.com]
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