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Applied Digital Solutions' Stock Price Nearly Doubles in Recent Days Updated: Thursday, October 18, 2001 08:43 AM ET PALM BEACH, Fla.--(BUSINESS WIRE)--Oct. 18, 2001-- Harvard Business School to include Digital Angel case study in its curriculum The Chairman and CEO of Applied Digital Solutions, Inc. (NASDAQ:ADSX, news, msgs) today attributed the Company's recent stock price increase of nearly 100 percent to a variety of steps the Company has taken over the past few weeks, including its strategic focus on developing advanced digital technologies such as Thermo Life(TM), its newly trademarked miniaturized body heat generator, and Digital Angel(TM) Personal Safeguard Technology that will be launched in November. Commenting on the rising stock price, Applied Digital Solutions' Chairman and CEO, Richard J. Sullivan, said: "I'm very pleased that the investment community is showing strong support for our decision to refocus the Company on developing innovative digital technologies such as Thermo Life and Digital Angel, and on security-related data delivery systems. The significant jump in our stock price confirms that we're clearly moving in the right direction strategically, and we're already seeing the results." On October 1, the Company announced that it had developed a miniaturized thermoelectric generator - a half-inch diameter ceramic-based power cell that converts low gradient body heat flow into electrical power. Now known by the trademarked name of Thermo Life, this revolutionary generator has a wide variety of potential uses, primarily related to powering attachable and implantable medical devices as well as wristwatches. Applied Digital is now providing demonstrations of this technology to potential licensees on a confidential basis. Sullivan also noted that since the terrorist attacks on the World Trade Center and the Pentagon on September 11, the Company has seen a 31 percent increase in registrations for its Digital Angel products. In addition, Sullivan said he was honored that Harvard Business School plans to include a case study about Digital Angel in its curriculum. "Having a prestigious organization like the Harvard Business School add a Digital Angel case study to its curriculum certainly testifies to the fact that this product is gaining a great deal of interest and credibility in both the business and academic communities," Sullivan said. Scheduled for a market launch in November 2001, Digital Angel products represent the first-ever combination of advanced biosensor technology and Web-enabled wireless telecommunications linked to Global Positioning Systems (GPS). Digital Angel monitors key body functions - such as temperature and pulse - and transmits that data, along with accurate location information, to a ground station or monitoring facility. Digital Angel's potential applications include: monitoring the location and medical condition of at-risk patients; helping with emergency search and rescue operations; locating lost or missing individuals; locating missing or stolen household pets; managing the commodity supply chain; and providing a tamper-proof means of identification for enhanced e-commerce security. For more information on Digital Angel, visit www.digitalangel.net. About Applied Digital Solutions, Inc. Applied Digital Solutions is an advanced digital technology development company that focuses on a range of early warning alert, miniaturized power sources and security monitoring systems combined with the comprehensive data management services required to support them. Through its Advanced Wireless unit, the Company specializes in security-related data collection, value-added data intelligence and complex data delivery systems for a wide variety of end users including commercial operations, government agencies and consumers. For more information, visit the company's website at http://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. |
