Applied DNA Sciences Continues Expansion in Sweden
December 10 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 its evidentiary DNA
platform has been adopted in Sweden for use in helping protect cash
in transit in that country. The security company Nokas AS revealed
that APDN's marking and authentication platform will first be
deployed in armored vehicles in the Stockholm area and then
expanded to the company's entire fleet.
The technology comes into play during a robbery, when
botanically-based DNA marks within a water-based spray are released
on cash notes and the criminals themselves. The marks can survive
on the notes, clothes, and skin for long periods of time. In court,
they provide accepted evidence directly linking criminals to the
crime.
Nokas, based in Norway, fields a fleet of over 250 armored
trucks to transport cash. It is one of only two cash transport
companies in Sweden servicing many retail chains, large banks and
other institutions.
The APDN platform for cash in transit already has been used with
great success in the United Kingdom, where DNA evidence has helped
in over fifty convictions of armed and dangerous criminals since
2009, in an environment where front-line police and private guards
are typically unarmed. The DNA marking and authentication platform
protects more than 26% of cash being transported to and from banks
in the United Kingdom.
Johan Petersson, Nokas security officer, commented, "This is an
exciting development for the entire security industry. We are the
first with new technology in cash in transit in this region, which
helps deter crime and helps the judiciary to prosecute any offense.
Using this new technology, Nokas will provide added security to its
staff and customers. We believe we are at the forefront."
Elsewhere in Sweden, adoption of the APDN DNA platform has been
expanding.
- APDN's anti-intrusion spray technology has now been installed
in over 42 jewelry stores in Sweden. It is required for use by the
Scandinavian insurance company If.
- Earlier this year, the Swedish National Police Board (RPS)
announced its decision to use the security technology in covert
police operations nationwide in Sweden.
Both APDN products, as well as the cash-in-transit platform, are
branded in Sweden as SmartDNA.
Detective Anders Burén, intelligence chief of the county police
in Stockholm commented on the use of DNA marking and authentication
by law enforcement:
"The police have seen the positive experience with SmartDNA in
England. Today SmartDNA is a tool that we know how to use, helping
us find the perpetrator and then to tie him to the crime. Moreover,
we can trace the rightful owner of the stolen goods."
Leif Svensson, CEO of the Sweden consulting group Safe Solution
AB, which has been instrumental in adoption of the platform in
Sweden, observed:
"SmartDNA is a unique concept which will definitely prevent
robbery and burglary."
Dr. James A. Hayward, CEO and President of Applied DNA Sciences,
stated: "Just as in the United Kingdom, we expect that our DNA
authentication products will provide safety to citizens in Sweden
and tangible ROI to companies involved in the critical job of
moving cash. We have seen cases where prevention of one robbery can
repay the entire investment in this powerful platform. We have
every reason to believe that our platform will soon provide safety
and value widely throughout Europe."
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 Nokas Nokas AS offers a wide range
of services in cash, cash handling and service. In addition, the
company is working to develop new methods for safe and effective
cash management. All of this is in line with the company's mission
-- to convert physical cash into electronic value quickly and
safely. Nokas provides solutions to about 110,000 customers and the
Group has approximately 4,000 employees at two divisions: Nokas
Cash Handling and Nokas Security & Safety. It has operations in
Sweden, Norway, and Denmark.
About Safe Solution AB Safe Solution
provides security management for businesses. We have unique
experience, both as a customer and a supplier to large, complex and
vulnerable activities. Our security strategies have successfully
reduced robberies. As Safe Solution SmartDNA Nordic AB, we have
introduced the technology SmartDNA and work with Applied DNA
Sciences Inc. (APDN) in the United States.
MEDIA CONTACT Mitchell Miller 646-543-3373 fax: 631-444-8848
INVESTOR CONTACT Debbie Bailey 631-444-8090 fax: 631-444-8848 FCMN
Contact Email Contact PROGRAM CONTACT Leif Svensson CEO Safe
Solution AB +46 76-774 44 14 Web site: http://www.adnas.com
Twitter: @APDN, @APDNInvestor
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