VeriChip (ADSX) Announces 3-Year Deal with iChip Worth $750K
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Applied Digital Solutions, Inc. (Nasdaq: ADSX) and its subsidiary, VeriChip Corporation, announced today that iChip Corporation has acquired the distribution rights for all VeriChip radio frequency identification (RFID) products in South Africa, including VeriMed for patient identification, Roam Alert for wander prevention, HUGS for infant protection, and ToolHound.
The three-year agreement is valued at US$750,000 and represents the first international deployment for the patient identification and medical information system.
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