SO. ST. PAUL, Minn. - (Business Wire) Digital Angel (the
“Company
”) (NASDAQ:DIGA), an advanced technology company in the field of identification solutions for food safety and tracking of high value assets, announced today its Indian distributor, SHM Shipcare of India, has been awarded a contract by the Shipping Corporation of India (SCI) to supply 200 ships with the Company
’s McMurdo SMARTFIND emergency position indicating rescue beacons (EPIRBs). The contract also includes servicing.
McMurdo Sales and Marketing Director Jeremy Harrison commented, “We believe our EPIRBs are a vital part of shipboard safety equipment for ships of all sizes from small yachts to vast container vessels, and we are proud to be chosen for this contract with the largest shipping line in India, an emerging market for us. We believe this latest contract positions us well within the industry to win future contracts with commercial shippers around the world, especially in fast-growth, emerging markets such as India.”
The SCI was established in October 1961 by the amalgamation of Eastern Shipping Corporation and Western Shipping Corporation. Starting out as a marginal Liner shipping company with just 19 vessels, the SCI today has grown into a giant conglomerate with 83 ships of 4.6 million DWT (deadweight tonnage) with substantial interests in 10 different segments of the shipping trade. Sailing through for over four decades, the SCI today has a significant presence on the global maritime map and is undoubtedly India’s premier shipping line. The SCI owns and operates about 35% of the Indian tonnage and operates in practically all areas of shipping business servicing both national and international trades.
About Digital Angel
Digital Angel (www.DigitalAngel.com) is an advanced technology company in the field of identification solutions for food safety 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 owner of a majority position in VeriChip Corporation (NASDAQ:CHIP).
This press release includes forward-looking statements, including but not limited to statements regarding the Company’s relationship with SCI, its business opportunities in India and other countries, and the ability of the Company’s EPIRBs to ensure safety aboard marine vessels. 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@adsx.com
