I do know that they can now microchip horses, much in the same way as they do dogs and cats. In fact, any animal can be microchipped, or so the companies claim. This is the first that I've heard about any sort of alarm being placed into the chip, however. If they -can- do this, it would be wonderful for all pet owners, but then you have to wonder about the usefulness of the product. After all, what do you do if you go out for dinner and are x amount of miles away from your horses? And what would you do if you have multiple horses? Would they have a built in tracking device too?
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