Applied DNA Sciences and Prime Contractor L-3 Power Paragon Sign Agreement for SigNature DNA Marking in Support of DLA Effort
September 12 2013 - 2:15PM
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 signed an
agreement with L-3 Power Paragon, a subsidiary of L-3
Communications, for the use of SigNature DNA marking technology to
proactively protect against counterfeit electronic parts. L-3 Power
Paragon supplies microcircuits in the category FSC 5962 to the U.S.
Defense Logistics Agency (DLA), and so becomes "SigNature DNA
Compliant," playing an important role in the DLA effort to prevent
counterfeit electronics.
Twenty-one electronics companies have now signed agreements, and
most are actively SigNature DNA-marking their parts supplied to
DLA. Thirty-four more are in serious negotiations, both categories
together comprising a pipeline of 53 companies for the program.
APDN has also revealed its Technology Roadmap, showing its support
for delivery to electronics and aerospace businesses of any size,
including those impacted by the anti-counterfeiting language in the
National Defense Authorization Acts (NDAA) of Fiscal Years 2012 and
2013. The presence of prime contractors on this list, company
officials said, is a special indicator of forward progress, since
it is in the interest of primes to encourage their own suppliers to
mark with SigNature DNA, a process known as flowing down
requirements.
L-3 Power Paragon supplies power systems for defense,
governmental and advanced industrial applications. It is a prime
contractor for the U.S. Department of Defense (DoD) and numerous
other government and commercial end users. The company's technology
is virtually the "service standard" for the U.S. Navy, while also
delivering innovative airborne products. Many of its systems are
intensively dependent on precision electronics.
"We are proud to have this smart and effective company as a
business partner," stated Dr. James A. Hayward, CEO and President
of APDN. "APDN believes that its SigNature DNA customers, such as
L-3 Power Paragon, will be greatly helped along the road to
compliance with the NDAA anti-counterfeiting legislation. We are
confident that this agreement marks the beginning of a long,
productive partnership with L-3 Power Paragon in the efforts by DLA
and our company against counterfeits."
"We are delighted that L-3 Power Paragon, as an advanced
technology prime contractor, has lent its support and prestige to
the DLA effort to protect our warfighters from the plague of
counterfeit electronic parts," said Janice Meraglia, Vice-President
of Government and Military Programs at APDN. "We are sure that its
military, national security and other end users will benefit, and
are confident that other primes will be encouraged to also join the
effort."
"L-3 Power Paragon is known for both the excellence and
importance of its power products," said Bob MacDowell, Senior
Account Manager for Government and Military Programs at APDN. "We
look forward to working with L-3 Power Paragon and DLA to become
even more proactive in our joint efforts."
"L-3 Power Paragon is committed to going the extra mile to
support our warfighters from any risk of counterfeit parts, and we
look forward to working with DLA to become more proactive in this
effort," said Scott Utka, Director of Materials at L-3 Power
Paragon.
About L-3 Power Paragon
L-3 Power Paragon is a worldwide leader in the engineering,
development, manufacture and integration of power conversion and
distribution systems for defense, governmental and advanced
industrial applications. The company's power conversion, power
conditioning and power protection solutions can be found in a wide
range of demanding military and commercial environments around the
world. Power technology systems from Power Paragon are virtually
the "service standard" for the United States Navy and many
international navies. L-3 Power Paragon also provides innovative
airborne products to solve difficult power problems. The company's
power conversion equipment delivers reliable AC or DC power to a
variety of output loads with power demands of up to 15 kVA. These
devices can be found in many military and commercial fixed-wing
aircraft and helicopters.
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 20, 2012 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 239-240-8818 fax: 631-444-8848
INVESTOR CONTACT: Debbie Bailey 631-240-8817 fax: 631-444-8848 FCMN
Contact: Email Contact Web site: http://www.adnas.com Twitter:
@APDN, @APDNInvestor
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