ADSX - Press ReleaseSource: Applied Digital Solutions, Inc.
Subdermal VeriChip and New Temperature-Sensing Microchip Technology Successfully Demonstrated at London Healthcare Conference - April 28-29, 2003
Wednesday April 30, 8:35 am ET
Potential Healthcare Applications of These Implantable Microchip Technologies Discussed at IDTechEx "Smart Tagging in Healthcare" Conference
PALM BEACH, Fla.--(BUSINESS WIRE)--April 30, 2003-- Applied Digital Solutions, Inc. (Nasdaq:ADSX - News) an advanced technology development company, announced today that it successfully demonstrated its subdermal VeriChip personal verification microchip, as well as a new, implantable, temperature-sensing microchip technology at the IDTechEx "Smart Tagging in Healthcare" conference held in London, April 28-29, 2003.
Dr. Richard Seelig, Vice President of Medical Applications for VeriChip Corporation, provided the international audience with a live demonstration of VeriChip and discussed its many potential healthcare applications - which are subject to regulation by the US Food and Drug Administration.
Dr. Seelig also provided the first-ever public demonstration of a new temperature-sensing microchip technology, marketed, patented and first announced by Digital Angel Corporation (AMEX: DOC - News) in February 2003. This new Radio Frequency Identification (RFID) microchip has similar dimensions and performance characteristics as VeriChip, but it can also obtain and transmit body temperature data. In the live demonstration, a volunteer placed the microchip just behind her ear then passed the handheld scanner over the chip to instantly obtain her temperature reading. Human healthcare applications of this technology are subject to appropriate regulations in the US and other jurisdictions.
The two-day IDTechEx conference was attended by representatives of private sector and government organizations. In its marketing materials, IDTechEx refers to the London conference as the "first major" conference devoted to the potential healthcare benefits of smart tagging technologies. As described by IDTechEx, the conference was intended to help attendees "learn how smart labels can save lives, reduce errors, improve health, reduce costs and lead to new services."
About IDTechEX
IDTechEx is the world's leading independent expert on the development and application of smart label technologies. IDTechEx is a knowledge based consultancy, located in the UK and USA. For more information about IDTechEx, visit www.idtechex.com. For more details about the "Smart Tagging in Healthcare" conference, visit www.idtechex.com/healthcare.html.
About VeriChip(TM)
VeriChip is a miniaturized radio frequency identification device (RFID) that can be used in a variety of security, financial, emergency identification and other applications. About the size of a grain of rice, each VeriChip product contains a unique verification number and will be available in several formats, some of which will be insertable under the skin. The verification number is captured by briefly passing a proprietary scanner over the VeriChip. A small amount of radio frequency energy passes from the scanner energizing the dormant VeriChip, which then emits a radio frequency signal transmitting the verification number. In October 2002, the US Food and Drug Administration (FDA) ruled that VeriChip was not a regulated device with regard to its security, financial, personal identification/safety applications but that VeriChip's healthcare information applications are regulated by the FDA. VeriChip Corporation is a wholly owned subsidiary of Applied Digital Solutions.
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