Applied DNA Sciences Contracts With SMT for SigNature(R) DNA on Electronics
September 05 2012 - 3:23PM
Marketwired
Applied DNA Sciences, Inc. (OTCBB: APDN), (Twitter: @APDN), a
provider of DNA-based anti-counterfeiting technology and product
authentication solutions, announced today an agreement with SMT
Corporation of Sandy Hook, Connecticut (SMT). SMT, the well known
electronics parts distributor, will begin SigNature® DNA marking
components that leave its facility. The botanical SigNature DNA
mark is designed to provide customers with the assurance that its
parts were sourced at a known and respected distributor.
The agreement between APDN and SMT follows closely on the heels
of the mandate by the Defense Logistics Agency that microcircuits
supplied to DLA be SigNature DNA-marked. The mandate appeared at an
announcement on the DLA Internet Bulletin Board System on August
7.
Tom Sharpe, Vice President of SMT, is a recognized
thought-leader of the anti-counterfeiting efforts launched by
government and industry. He testified this past November before the
Senate Armed Services Committee regarding counterfeit electronic
parts in the U.S. military supply chain. He has focused on
mitigating the counterfeit threat in high reliability electronics,
and established a leading inspection resource to restrict entry of
counterfeit obsolete chips.
Mr. Sharpe pointed out that the agreement includes, but goes
beyond, the parts supplied by SMT to the military. "Our defense and
aerospace customers can now engage with assured provenance back to
SMT at any points further downstream in the supply chain. The
SigNature DNA mark will also assure customers and users downstream
that the chips have undergone the rigorous testing and inspection
applied by SMT on components before they leave our facility."
The agreement comes just as the new federal electronics
anti-counterfeiting laws are due to come into effect. In Section
818 of the National Defense Authorization Act for Fiscal Year 2012,
the Department of Defense must require suppliers of electronics
parts to "monitor and eliminate" counterfeits from the military
supply chain. A key milestone is due at the end of this month, when
the DoD is instructed to write the new anti-counterfeiting wording
into the DFARS (Defense Federal Acquisition Regulations Supplement,
the main military procurement document). The APDN-SMT agreement is
an effort toward early compliance with that law by an important
player in the industry.
Sharpe stated: "We take great pride in stepping forward at the
beginning of what promises to be a milestone in reducing
counterfeit risk to the military and to private industry. We are
determined to protect our warfighters by providing the highest
reliability in materiel."
"I commend the unwavering diligence of the SMT Corporation in
their systematic testing, and their first-to-market application of
the SigNature DNA Provenance Mark™," stated Janice Meraglia, Vice
President, Government and Military Programs at APDN. "Tom Sharpe's
willingness to take a proactive stand is in line with the integrity
he and his team demonstrate on a daily basis."
President and CEO of Applied DNA Sciences, Dr. James A Hayward,
called the agreement with SMT "a landmark step, and a model for the
industry." Dr. Hayward pointed out that "Provenance Marking," as
the company calls its program for SMT, combines with
"Authentication Marking," as applied at electronic manufacturers to
provide 360 degree, all-around coverage for the industry. Dr.
Hayward added: "Together, they form an umbrella protection, which
can provide assurance of originality from manufacturers when
available, and assurance of provenance in other cases."
About Applied DNA Sciences
APDN is a provider of botanical-DNA based security and
authentication solutions that can help protect products, brands and
intellectual property of companies, governments and consumers from
theft, counterfeiting, fraud and diversion. SigNature® DNA and
smartDNA, our principal anti-counterfeiting and product
authentication solutions that essentially cannot be copied, provide
a forensic chain of evidence and can be used to prosecute
perpetrators.
The statements made by APDN may be forward-looking in nature.
Forward-looking statements describe APDN's future plans,
projections, strategies and expectations, and are based on
assumptions and involve a number of risks and uncertainties, many
of which are beyond the control of APDN. Actual results could
differ materially from those projected due to our short operating
history, limited financial resources, limited market acceptance,
market competition and various other factors detailed from time to
time in APDN's SEC reports and filings, including our Annual Report
on Form 10-K, filed on December 8, 2011 and our subsequent
quarterly reports on Form 10-Q. APDN undertakes no obligation to
update publicly any forward-looking statements to reflect new
information, events or circumstances after the date hereof to
reflect the occurrence of unanticipated events.
About SMT
Founded in 1995, SMT Corporation is a global, broad line
Independent stocking distributor of electronic components and
related peripherals. With more than 1 billion components in stock
representing over 600 major component manufacturers, it maintains
one of the largest "ready to ship" electronic component inventories
in the world.
SMT strives to provide the highest quality value-added services
directly to OEMs, and CEM providers as well as both franchised and
non-franchised distributors.
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