US Defense Logistics Agency Is Exploring DNA Marking as a Possible Solution to Mitigate Counterfeits in a Broad Range of Prod...
November 14 2013 - 8:30AM
Marketwired
US Defense Logistics Agency Is Exploring DNA Marking as a Possible
Solution to Mitigate Counterfeits in a Broad Range of Products
Presentation at Industry Outreach Event
STONY BROOK, NY--(Marketwired - Nov 14, 2013) - Applied DNA
Sciences (OTCQB: APDN), (Twitter: @APDN), a provider of DNA-based
anti-counterfeiting technology and product authentication
solutions, today issued an update concerning the 2013 Electrical
and Electronics Industry Outreach Forum, sponsored by the US
Defense Logistics Agency (DLA) in Columbus, Ohio on October 24,
2013.
The conference included a briefing by DLA about SigNature® DNA
Marking of Microcircuits. Currently there is a requirement for
SigNature DNA marking of all Federal Supply Class (FSC) 5962
microcircuits supplied to DLA. That presentation is included
within a larger document published by DLA on to its website, and
which can be found here, in slides numbered 24-43.
Slide 42 of the briefing, stated that:
DLA is exploring [SigNature] DNA marking, along with other
technologies as a possible solution to mitigate counterfeits in
these high risk items:
FSC 3110, Bearings (Aviation) FSC 4730, Fittings, Hoses, and
Tube (Land & Maritime or L&M) FSC 5325, Fasteners (Troop
Support) FSC 5935, Electrical Connectors (L&M) FSC 5961,
Semi-conductor Devices (L&M)
While these commodities represent the higher risk items DLA
procures, overall, the Agency manages 5.1 million items assigned to
548 different Supply Classes. DLA procures 93% of electrical
and electronic parts procured in support of the DOD services.
These commodities are of various sizes, shapes and substrates
and represent a meaningful volume of parts procured by
DLA. "Applied DNA's commercial experience in marking
everything from copper cables to plastic sheaths to textiles is
transferable to these FSCs," stated Dr. James A. Hayward, President
and CEO of Applied DNA Sciences.
Janice Meraglia, Vice President of Military and Government
Programs at Applied DNA Sciences stated: "Applied DNA is poised to
support DLA in its determination to safeguard any commodities
necessary to ensure readiness for the warfighter."
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
DNANet, 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 631-240-8818 fax: 631-240-8900
INVESTOR CONTACT: Debbie Bailey 631-240-8817 fax: 631-240-8900 Web
site: http://www.adnas.com Twitter: @APDN, @APDNInvestor
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