SO. ST. PAUL, Minn. - (Business Wire) Digital Angel (the
“Company
”) (NASDAQ:DIGA), an advanced technology company in the field of identification solutions and tracking of high-value assets, announced today it has entered into a non-exclusive distribution agreement with The Jockey Club, the official breed registry for North American Thoroughbred horses. The new agreement allows Thoroughbred breeders, owners, managers and agents the ability to obtain Destron Fearing LifeChip
® radio-frequency identification (RFID) microchips from The Jockey Club for use in Thoroughbred horses.
LifeChip® equine microchips contain a passive transponder programmed with a unique 15-digit ISO-compliant number. Once in place, the unique and unalterable microchip number can provide additional confidence when identifying a Thoroughbred throughout its lifetime. They can also assist in establishing the identity of horses that have been lost or stolen.
Use of microchips in Thoroughbreds has gained increasing acceptance internationally among foreign stud book authorities seeking convenient and reliable means of confirming the identity of Thoroughbreds in transit or involved in competition. The United States Department of Agriculture (USDA) approved LifeChip® equine microchips as the first of its kind for use in the National Animal Identification System (NAIS).
Joseph J. Grillo, President and Chief Executive Officer of Digital Angel, said, “This distribution agreement with The Jockey Club is a milestone for the Thoroughbred industry; we are very proud to have one of the most respected breed registries in the world select our products.”
Grillo continued, “For more than 20 years, people around the world have used microchips to reliably and safely identify their dogs and cats. As the original innovators of electronic animal identification, our Company is proud to be a primary catalyst for positive change.”
About The Jockey Club
The Jockey Club (www.jockeyclub.com), founded in 1894 and dedicated to the improvement of Thoroughbred breeding and racing, is the breed registry for North American Thoroughbreds. The Jockey Club fulfills that longstanding commitment by serving the industry through its family of companies and by providing support and leadership on a wide range of important industry initiatives.
About Digital Angel
Digital Angel (www.DigitalAngel.com) is an advanced technology company in the field of identification solutions and tracking of high-value assets. 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 the controlling stockholder of VeriChip Corporation (NASDAQ: CHIP).
This press release includes forward-looking statements, including but not limited to statements regarding the Company’s relationship with The Jockey Club and the ability of the Company’s LifeChip to identify horses. This information is also qualified in its entirety by cautionary statements and risk factor disclosures contained in the Company’s Securities and Exchange Commission filings, including the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2006 and its quarterly reports. The Company can offer no assurances that any projections, assumptions or forecasts made or discussed in this release will be met, and investors should understand the risks of investing solely due to such projections. The Company undertakes no obligation to revise any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.
Digital Angel, So. St. Paul
Allison Tomek, 561-805-8044
atomek@digitalangel.com
