Applied DNA Sciences Expands Plant and Personnel
August 07 2012 - 8:30AM
Marketwired
Applied DNA Sciences, Inc. (OTCBB: APDN) (Twitter: @APDN), a
provider of DNA-based anti-counterfeiting technology and product
authentication solutions, announced today that it has significantly
expanded its office, production, and laboratory space and increased
its personnel. The expansion reflects the company's continued
worldwide growth in production capacity, technology advancement,
and global customer support. Those factors are also seen in a
steady rise in shipments of its DNA products, the core technology
around which the company's authentication services are built.
The company's brick-and-mortar footprint has increased by well
over 50% over the last year. The company has added nine positions
in that time.
Dr. James A. Hayward, President and CEO of APDN, pointed out
that the expansion has been driven in part by product shipments.
"By the end of December, 2011, we recorded a substantial increase
in our monthly shipments of DNA; as a result, our last two
previously announced quarters were each record-setters. Incremental
demand should be sustained as new opportunities are addressed."
Dr. Hayward concluded: "In addition to the current growth we are
experiencing across the firm, our LMI-managed microchip project is
leading the DOD's Defense Logistics Agency to seriously consider
mandating SigNature® DNA for microcircuits. We are confident we can
support a DOD mandate and continue to source additional candidates
as this effort might expand.
"In addition, the initial responses to our new product lines,
smartDNA® and digitalDNA™, have been encouraging. Our management
team felt it appropriate to grow our resources at this time."
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.
INVESTOR CONTACT: Debbie Bailey 631-444-8090 fax: 631-444-8848
MEDIA CONTACT: Mitchell Miller 646-543-3373 fax: 631-444-8848 FCMN
Contact: Email Contact Web site: http://www.adnas.com Twitter:
@APDN, @APDNInvestor
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