Binghamton University S3IP Center and Applied DNA Sciences Partner on DNA Authenticity Technologies for Microelectronics
June 04 2012 - 8:30AM
Marketwired
The New York State Center of Excellence in Small Scale Systems
Integration and Packaging at Binghamton University (S3IP), New
York, and Applied DNA Sciences, Inc. (OTCBB: APDN) today announced
the signing of a Memorandum of Understanding calling for
collaboration on microelectronics research and commercialization,
and other projects. The two organizations aim to embark on various
projects, including further advancements in Applied DNA Sciences'
forensic authentication and security technologies.
The partnership capitalizes on the skilled staff and advanced
facilities at S3IP, combined with the technology, business
experience and product lines of APDN. It comes at a time when the
defense industry is searching for new ways to battle the increasing
number of counterfeit electronics that have flooded both consumer
and the military markets. The partners will aim to commercialize
the resulting applications, with the potential to impact the
estimated $3.1 billion annual flow of semiconductors to the U.S.
military(1) and a global commercial market in semiconductors valued
well in excess of $300 billion.
The new partnership was welcomed by United States Senator
Kirsten Gillibrand (D-NY) who said, "New York is poised to lead in
the high-tech economy of the future. When we partner our world
class universities and research laboratories with cutting-edge
businesses like S3IP in Binghamton and Applied DNA Sciences on Long
Island, we can spark new innovation with the power to protect our
defense technology, keep our country safe, and attract new
businesses and new jobs to help grow our economy."
APDN, a leading security and authentication firm based in Long
island, NY, and S3IP, which focuses on research and development in
small scale systems, envisage accelerating APDN's commercial
applications, filing new grant proposals, and advancing new
research. The partners will develop a joint research program to
develop new and ways to embed and authenticate DNA on various
substrates. The advances are aimed at extending the company's
botanically derived DNA technology to new verticals and to future
needs. According to the Memorandum of Understanding signed by The
Research Foundation for the State University of New York, whose
office is located at Binghamton University Office of Sponsored
Programs, and by APDN, the partners will aim to scale up new
methods for SigNature DNA incorporation into and onto a variety of
materials.
The program may also involve testing of marked packaging of
microchips in coordination with APDN partners, and explore advances
in rapid reading solutions for screening chips in varying
scenarios.
"S3IP works in partnership with government, academia and
industry to enable new electronics applications for energy,
healthcare, telecommunications and consumer applications, and
defense industries," said Bahgat Sammakia, interim vice president
for research, and director of S3IP at Binghamton University. "We
are excited about this partnership with Applied DNA Sciences, which
will enable new research opportunities for our faculty, staff and
students. This program is just one example of the benefits of
working in collaboration with industry, the results of which will
bridge our expertise in biotechnology and information technology to
enable new opportunities for ensuring the security of our nation's
electronic systems."
Said Dr. James A. Hayward, President and CEO of Applied DNA
Sciences, "Our collaboration with Binghamton University extends our
commitments to collaborative research with NYS universities,
including our current work with Stony Brook University, and the
College of Nanotechnology Science and Engineering at the University
of Albany. Combined with Long Island's heritage in DNA science and
in the defense industry, we could not be in a better strategic
location to extend our biotechnologies for microelectronics."
About The New York State Center of Excellence
in Small Scale Systems Integration and Packaging at Binghamton
University (S3IP)
The Small Scale Systems Integration and Packaging (S3IP) Center
is an academic research organization that enables new electronic
applications and devices to improve the way people live and
interact with their environment. The Integrated Electronics
Engineering Center (IEEC), which a component of S3IP, is a New York
State Center for Advanced Technology and is focused on electronic
packaging.
Located at Binghamton University, these centers bring together
partners from government, industry and academia to provide
opportunities for collaborations that will advance microelectronics
research and development. S3IP was designated as a New York State
Center of Excellence in 2006.
About APDN
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.
Forward Looking Statements Disclaimer
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.
(1) Report of the Office of the Secretary of Defense, Office of
Cost Assessment, p.4, Link:
http://www.economics.osd.mil/IDEPPS_Primer.pdf
Contact Information for Binghamton University: S3IP
CONTACT: Mary Beth Curtin 607-777-7270 MEDIA CONTACT: Gail Glover
607-777-2174 Email Contact TECHNICAL CONTACT: Bill Infantolino
607-777-4349 Web site: http://www.binghamton.edu Twitter:
@binghamtonu Contact Information for Applied DNA Sciences:
INVESTOR CONTACT: Debbie Bailey 631-444-8090 fax: 631-444-8848
MEDIA CONTACT: Mitchell Miller fax: 631-444-8848 Email Contact FCMN
Contact: Email Contact Web site: http://www.adnas.com Twitter:
@APDN @APDNInvestor
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