Applied DNA Sciences Signs Three New Customers in Military Electronics Anti-Counterfeiting Program
December 04 2013 - 8:30AM
Marketwired
Applied DNA Sciences Signs Three New Customers in Military
Electronics Anti-Counterfeiting Program
Includes Sixth Electronics Manufacturer, Twenty Six Contracts in
Total
STONY BROOK, NY--(Marketwired - Dec 4, 2013) - Applied DNA
Sciences (OTCQB: APDN), (Twitter: @APDN), a provider of DNA-based
anti-counterfeiting technology and product authentication
solutions, today announced the signing of three new customers who
will be using SigNature® DNA to mark electronics supplied to the US
Defense Logistics Agency (DLA). Suppliers of a certain
category of electronics are required to use APDN's SigNature DNA
when providing these electronics to the Agency.
The new customers included a manufacturer, bringing the total of
Original Component Manufacturers (OCMs) using SigNature DNA to six.
Two of the customers are electronics distributors.
The total of number of customers now contracted to use SigNature
DNA for the DLA program is at 26. These include customers at all
nodes in the supply chain, including prime contractors, authorized
distributors, independent distributors, and
manufacturers. Over 500,000 electronic components have been
marked to this point, providing a rapidly growing universe of
marked parts, and opportunities for companies to benefit in various
ways. The signings have accelerated, officials said, as the value
of the program to customers has become more widely known, and the
program itself has matured.
Officials also said that the addition of a sixth manufacturer
adds greatly to the value of the program for both present and
future customers. Manufacturers -- who use a SigNature DNA
Authenticity™ Mark -- provide absolute assurance of originality as
parts move throughout the supply chain and for their entire
lifecycle. This potentially provides a growing pool of verifiable
parts for both military and commercial buyers. Distributors use a
SigNature DNA Provenance™ Mark, providing traceability to the
singular distributor. Just yesterday, APDN announced the
launch of our Authorized Distributor™ Mark, which signifies the
extremely low risk Authorized Channel.
Two of the new customers are Long Island-based companies,
bringing the total of Long Island SigNature DNA-marking electronics
customers to seven. APDN has maintained deep and longstanding roots
in Long Island. The company aims to play a strong role in a defense
and biotech resurgence in the area.
Janice Meraglia, APDN Vice President for Government and Military
Programs, commented, "We believe the SigNature DNA marking program
is unarguably accelerating both in quantity and quality, with all
nodes of the supply chain represented. We think the program has
earned its validity in this area, and in its relevance to other
Federal Categories and commercial parts."
Dr. James A. Hayward, CEO and President of Applied DNA Sciences,
stated "The growth and maturity of the SigNature DNA program for
military electronics reflects the growth and maturity of our
company as a whole. We are committed to deliver the same excellence
in all our verticals, whether security, textiles, or others.
Increasing the Universe of marked parts accelerates the value we
bring by forensic authentication, assuring protection for our
customers, and the government, and generating tangible returns on
our customers' investments."
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 INVESTOR CONTACT:
Debbie Bailey 631-240-8817 Web site: http://www.adnas.com Twitter:
@APDN, @APDNInvestor
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