Applied DNA Sciences to Protect Energy Stations in Sweden
December 13 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
smartDNA platform has been adopted by Vattenfall Eldistribution AB
(subsidiary of Vattenfall AB) to protect copper assets located in
Energy stations throughout Sweden. This will be implemented by the
end of December 2012. Vattenfall in Sweden accounts for 50% of
Sweden's electricity, with over 900,000 customers. It is the
nation's largest regional and local service provider.
Leif Svensson, CEO of the Sweden consulting group Safe Solution
AB, stated, "Vattenfall Eldistribution AB is Sweden's largest
supplier of electricity and we are pleased to announce their
adoption of APDN technology to protect its copper assets from
theft. Like the cash in transit program by Nokas, the deployment in
Vattenfall's electrical infrastructure can identify stolen copper
and the thieves who are responsible."
The forensic precision and robustness of the smartDNA platform
has been proven to help with linking criminals to crimes in Sweden.
The purpose of this application for copper is a natural extension
of the program that has been officially recognized by the Swedish
National Police, and enforced by all police forces throughout
Sweden who have been fully trained on the smartDNA system.
Dr. James A. Hayward, CEO and President of Applied DNA Sciences,
stated: "Copper asset protection, as well as other kinds of metals,
is an area that is ripe for growth as demonstrated in Sweden. We
are receiving inquiries from customers who recognize the importance
of protecting their assets, minimizing their losses and ensuring
that original products can be traced to their source. In December
alone, approximately $170,000 of revenue has been generated from
our Swedish business."
In the United States, it is estimated that more than 95% of
energy utilities experienced copper theft in the past 12 months
with over 50,000 incidences nationwide. Nearly 8,000 of these
thefts took place for energized copper resulting in an estimated 35
fatalities (Electrical Safety Foundation International, 2009). The
FBI considers copper theft a threat to national security (Federal
Bureau of Investigation, Copper Theft Threatens U.S.
Infrastructure, December 2008).
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.
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 Web site: http://www.adnas.com Twitter:
@APDN, @APDNInvestor
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