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American Capital to integrate VeriChip with Freedom4Wireless

Thursday, June 10, 2004 in News

American Capital plans to integrate VeriChip technology with its Freedom4Wireless Mobile Broadband Wireless Solutions for security applications

Applied Digital Solutions, Inc., an advanced technology development company, announced today that its wholly owned subsidiary, VeriChip(TM) Corporation, has signed a Master Product Purchase Agreement with American Capital Holdings. American Capital has agreed to an initial purchase of 3,200 VeriChips and 12 scanners. American Capital plans to integrate VeriChip technology with its Freedom4Wireless mobile broadband wireless solutions for secure identification access.


Freedom 4 Wireless(TM) (F4W), a majority-controlled American Capital company, is a provider of 4th Generation Mobile Broadband Wireless Services and Products. F4W’s unique 4G mobile broadband wireless system provides data, video, audio, and voice services to subscribers on the move, at speeds up to 200 mph.

F4W generates revenue from the sale of subscriber services, vertical product sales, equipment sales and contracting to deploy turnkey wide area network wireless solutions. F4W is building a national high speed mobile broadband wireless network as well as building tactical networks for Homeland Security and Law Enforcement agencies. F4W’s services and products fall into three broad categories. Freedom 4 Emergency Alert Display Services(TM), Freedom 4 Mobile Services(TM) and Freedom 4 Smart Equipment Services(TM). F4W’s focus is on the public safety market in 2004 and 2005, by in 2006 F4W believes that the demand for mobile broadband services from business customers will begin to generate significant incremental revenue from the network infrastructures that originally were deployed to provide services to the Public Safety Market.

Freedom 4 Emergency Alert Display Services(TM) networks are networks of plasma and LCD displays that provide Emergency Alert System(TM) (EAS) and Community Alert System (CAS(TM)) messaging to the public in times of community crisis and distress. Such services will allow both federal and local governmental authorities to communicate with the public about imminent and immediate events that may require a quick response to save lives or improve public well-being. Built into these displays are 2-way video and voice capability so that an individuals and first responders in a crisis can communicate with emergency organizations. See www.freedom4wireless.com for more information.

American Capital intends to integrate VeriChip into its Freedom 4 Emergency Alert Display Services and Emergency Alert System for secure identification access by authorized personnel via PDA or otherwise. Commenting on this relationship, Barney Richmond, CEO of American Capital stated, ” Secure access by authorized personnel only to the Freedom 4 network is pivotal for enhanced security of the network. For homeland security, law enforcement and commercial applications, we believe Verichip, whether external or subdermal, can ultimately further enhance the security of our network capabilities. We look forward to working with the VeriChip team to accomplish this integration.” [end] 

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