Digital Angel Acquires Geissler Tech to Boost Livestock RFID Biz
15 January, 2008
category: RFID
Digital Angel, majority owner of well-known RFID chip maker VeriChip Corp., has acquired a new company that’ll help it boost its livestock contracts.
Geissler Technologies Corporation, a developer of next-generation electronic ID and imaging technology for animals, will be incorporated into Digital Angel’s existing animal-applications business.
“Our acquisition of Geissler Technologies and its innovative portfolio of RFID technologies will benefit us greatly as we focus more broadly on our core business of global food safety,” said Joseph J. Grillo, Chief Executive Officer of Digital Angel. “We believe that bringing a founder of Destron Fearing back to our company and the intellectual property and products of Geissler Technologies will further ensure that we realize our growth expectations.
Digital Angel Acquires Geissler Technologies
Geissler Technologies Provides New Portfolio of Technologies to Enhance Digital Angel’s Animal RFID Business
SO. ST. PAUL, Minn.–(BUSINESS WIRE)–Digital Angel (NASDAQ:DIGA), an advanced technology company in the field of rapid and accurate identification, location tracking and condition monitoring of high-value assets, announced today it has acquired Geissler Technologies Corporation, a leading developer of next-generation electronic identification and imaging technologies for animals. The acquisition of Geissler Technologies, which will be incorporated into Destron Fearing, Digital Angel’s existing animal applications business, brings back a founder of Destron Fearing, Randolph K. Geissler, who again will become the president of Digital Angel’s animal applications business. The board of directors of Digital Angel approved the transaction.
Joseph J. Grillo, Chief Executive Officer of Digital Angel, said: “Our acquisition of Geissler Technologies and its innovative portfolio of RFID technologies will benefit us greatly as we focus more broadly on our core business of global food safety. We believe that bringing a founder of Destron Fearing back to our company and the intellectual property and products of Geissler Technologies will further ensure that we realize our growth expectations. I’m delighted to work with Randy, who I have known as an RFID industry pioneer for over 10 years.”
“This acquisition not only brings new technologies to Digital Angel, but also brings solid contractual relationships with distributors that provide data systems support used to implement animal management programs in support of current and future food safety regulation needs. The technologies developed by Geissler include the g.TAG™, a low frequency RFID device used for animal traceability and the r.TAG™ high frequency long range anti-collision device used for extensive animal management,” continued Grillo. “These technologies quickly and completely expand our breadth of food safety animal data capturing connectivity.”
Geissler stated, “The combination of Destron Fearing’s history in commercial markets and Geissler Technologies’ technological innovation makes this a powerful partnership to address the ever-changing needs of our industry. I am, once again, proud to be part of Digital Angel and look forward to help it prosper as it reshapes its future in meeting the service needs of our customers.”
About Digital Angel
Digital Angel (www.DigitalAngel.com) is a leading provider of radio frequency identification (RFID) and global positioning system (GPS) technologies that enable the rapid and accurate identification, location tracking and condition monitoring of people, animals and 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 RFID ear tags; and 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).
