Applied DNA Signs Long-Term Supply Agreement With 3SI Security Systems
August 10 2011 - 8:30AM
Marketwired
Applied DNA Sciences, Inc. (OTCBB: APDN), a provider of DNA-based
security solutions, announced that it has entered into a long term
supply agreement with 3SI Security Systems, the world leader in
asset protection systems. Commercial supply of the DNA markers has
already begun, with repeat orders to be fulfilled on a monthly
basis.
Applied DNA was selected by 3SI because of the conviction power
of its DNA authentication system. Due to the robustness of the
forensic markers, criminals can be linked directly to the evidence
submitted for testing at Applied DNA laboratories. 3SI has played a
leading role in driving the adoption of forensic markers within the
European cash protection industry for many years.
"As a world leader in asset protection systems, 3SI is committed
to providing its customers with high performance, technologically
advanced products that are affordable. DNA technology has a proven
track record in deterring crime and protecting people, and so it is
a vital component to the 3SI solution portfolio. It makes criminals
think twice before attacking our clients' assets," stated Derek
Zuckert, Managing Director, 3SI Europe.
SigNature DNA: Dynamic Law Enforcement
Technology
3SI Security Systems, established in the USA in 1970 and in
Europe in 1982, manufactures, sells and services asset protection
security systems based on ink and smoke staining as well as GPS
technology. The use of DNA in 3SI's European currency protection
security systems provides law enforcement with irrefutable evidence
to help solve cash robbery investigations. This augments the strong
market share already controlled by Applied DNA in the UK, and the
company's growing markets in Scandinavia, with incremental market
share throughout the rest of Europe.
SigNature DNA has proven remarkably useful in assisting law
enforcement agencies in the UK in the capture and prosecution of
criminals accused of CViT crimes. APDN has assisted in convictions
totaling 122 years in prison to-date. The overall CViT crime rate
is down 21% year on year (180 attacks versus 229 for same period in
2010) with losses reportedly down 54% year on year and armed CViT
robberies have been dramatically lowered by 70%. The Return on
Investment (ROI) for existing APDN customers has already proven
record-setting within the CViT industry. This marks Applied DNA's
first entry into the marking of ATM's.
Theft of cash from 3SI's protection systems will result in both
the money and offenders being DNA marked and irrevocably tied to
the crime. SigNature DNA technology can forensically link offenders
with an individual crime scene, meaning they cannot deny their
involvement. It cannot be removed or replicated and is available in
an unlimited number of unique DNA codes, enabling the unequivocal
authentication of bank notes and other marked items.
"Applied DNA has continued to ensure that its DNA platform is
adopted by 3SI and other strategic partners worldwide. In Sweden,
DNA is the core technology behind the DNA crime prevention system
that is used for covert sting operations, as well as for asset
protection in commercial and residential locations. In the United
States, DNA is instrumental in providing anti-counterfeiting
protection for the Department of Defense in protecting microchips
used in aircraft and other mission critical defense areas," stated
Dr. James Hayward, CEO of Applied DNA Sciences.
About 3SI 3SI Security Systems is the
world leader in cash and asset protection systems designed to
recover stolen cash and high value assets, apprehend criminals and
deter crime. Having over 40 years of experience and protecting more
than 40,000 locations worldwide, 3SI offers Teller, Safe, ATM, DNA
tagging, Tracking and Cash in Transit products.
About APDN APDN sells patented DNA
security solutions that provide anti-counterfeit protection, as
well as protecting brands and intellectual property from
counterfeiting and diversion. SigNature DNA is a botanical mark
used for product authentication in a unique manner that essentially
cannot be copied. When used in conjunction with other law
enforcement technologies, SigNature DNA can provide a forensic
chain of evidence that has been used successfully in more than 15
convictions. To learn more, go to www.adnas.com where APDN
routinely posts all press releases.
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 15, 2010 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.
3SI Security Systems Europe: http://www.3sisecurity.eu 3SI US:
http://www.3sisecurity.com
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