PALM BEACH, Fla., Jan. 23, 2014 /PRNewswire/ -- Global Digital Solutions, Inc. (PINKSHEETS: GDSI), a company that is positioning itself as a leader in providing cyber arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas, today announced GDSI Gatekeeper, a revolutionary suite of technology-enhanced services that offer personalized, digital small arms safety and security solutions in commercial and military-related markets.
GDSI Gatekeeper, which combines advanced Radio Frequency Identification (RFID) technology with web-based wireless capabilities, will provide commercial and military customers with three essential safety and security benefits:
- Encrypted, password-protected, digital, trigger-locking capability;
- Secure, real-time online tracking; and
- Encrypted, cloud-enabled databases.
"We're extremely excited about the potential for GDSI Gatekeeper," said GDSI's President and CEO Richard J. Sullivan. "This revolutionary suite of services represents a real breakthrough by leveraging the power of web-based, digital technology to enhance safety and security in the small arms arena, both in the commercial and military sectors. We think of it as personalized gun control and we believe the accessible worldwide market represents a multibillion dollar opportunity for GDSI."
According to recent reports from the United States Bureau of Alcohol, Tobacco and Firearms (ATF), an annual average of nearly 3.5 million firearms were manufactured in the United States over the past eight years. GDSI Gatekeeper's encrypted digital locking device could be easily retrofitted into existing firearms or it could be included in the manufacturing process itself.
The ATF also reports that there are roughly 130,000 federally licensed firearms dealers in the United States, including some 51,000 retail gun dealers, 7,300 pawn shops, and 61,000 collectors. In addition, approximately one-third of U.S. households currently own at least one firearm. All told, the manufacturing of firearms and ammunition represents an $11 billion industry in the United States.
The company expects to derive revenue from licensing its proprietary Gatekeeper technology and from monthly database service fees. Authorized dealers would also be able to collect residual fees by enrolling subscribers into the GDSI Gatekeeper safety and security program.
In the commercial marketplace, the company emphasized that use of the encrypted locking device and other GDSI Gatekeeper safety and security features would be completely voluntary on the part of individual small arms owners and authorized dealers.
"Here in the United States, the right of the people to keep and bear arms is constitutionally protected and inviolable," Sullivan added. "The Gatekeeper program will provide additional safety and security for law-abiding gun owners in the United States and elsewhere. We believe Gatekeeper's secure locking and tracking features could encourage millions of people who might have shied away from keeping firearms in their homes because of safety concerns to reconsider. And collectors would be able use make use of Gatekeeper's tracking and database features to exercise greater control over their prized firearms collections."
While the details of the propriety technologies involved in GDSI Gateway remain confidential – pending appropriate applications for worldwide patent protection – the company plans to showcase the capabilities of GDSI Gatekeeper's advanced technological solutions in a series of regional demonstrations over the next six-to-twelve months.
The company is confident that its Gatekeeper suite of advanced technology solutions will be successful because the team behind its development has a proven track record of impressive results while leading Applied Digital Solutions and Digital Angel Corporation, including:
- The first-ever FDA-approved, human-Implantable RFID tags that continue to be used by several foreign militaries;
- The first proof-of-concept implanted GPS-wireless tracking device which was successfully implanted in a sheep in 2002;
- The first-of-their-kind GPS-wireless tracking devices still sold to and used by probation and corrections offices around the country.
- In addition, Applied Digital Solutions was the subject of two Harvard Business School case studies that are still being used in the curriculum. The first followed the company's efforts to build a marketing plan for its Digital Angel GPS/wireless personal security device. The second study followed the successful merger of Digital Angel Corporation and Outerlink Corporation.
About Global Digital Solutions, Inc.
Global Digital Solutions is positioning itself as a leader in providing cyber arms manufacturing, complementary security and technology solutions and knowledge-based, cyber-related, culturally attuned social consulting in unsettled areas. For more information please visit http://www.gdsi.co.
Forward Looking Statements
This press release contains "forward looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The statements contained in this press release that are not purely historical are forward-looking statements. Forward-looking statements give the Company's current expectations or forecasts of future events. Such statements are subject to risks and uncertainties that are often difficult to predict and beyond the Company's control, and could cause the Company's results to differ materially from those described. In some cases forward-looking statements can be identified by terminology such as "may," "should," "potential," "continue," "expects," "anticipates," "intends," "plans," "believes," "estimates," and similar expressions. These statements include statements regarding moving forward with executing the Company's global growth strategy. The statements are based upon current beliefs, expectations and assumptions and are subject to a number of risks and uncertainties, many of which are difficult to predict. The Company is providing this information as of the date of this press release and does not undertake any obligation to update any forward looking statements contained in this press release as a result of new information, future events or otherwise, except as required by law. We have based these forward looking statements largely on our current expectations and projections about future events and financial trends affecting the financial condition of our business. Forward looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Important factors that could cause such differences include, but are not limited to the Risk Factors and other information set forth in the Company's Registration Statement on Form 10/A filed on October 7, 2013, and in our other filings with the U.S. Securities and Exchange Commission.
Richard J. Sullivan
SOURCE Global Digital Solutions, Inc.