A real-time identifier for the nonstationary time-varying signals and systems was implemented using a low cost DSP (digital signal processing) chip. The identifier is comprised of I/O units, a central processing unit, a control unit and its supporting software. In order t estimate the system accurately and to reduce quantization error during arithmetic operation, the firmware was programmed with 64-bit extended precision arithmetic. The performance of the identifier was verified by comparing with the simulation results. The implemented real-time identifier has negligible quantization errors and its real-time processing capability crresponds to 0.6kHz for the nonstationary AR (autoregressive) model with n=4 and m=1.