Applied DNA Sciences Unveils Turnkey Authentication Program
December 05 2013 - 8:54AM
Marketwired
Applied DNA Sciences Unveils Turnkey Authentication Program
Complete Forensic Authentication Package for Prime Contractors
and Others
STONY BROOK, NY--(Marketwired - Dec 5, 2013) - Applied DNA
Sciences, Inc. (OTCQB: APDN), (Twitter: @APDN), a provider of
DNA-based anti-counterfeiting technology and product authentication
solutions, announced today the launch of a new turnkey program for
electronics, military, commercial, and aerospace contractors called
the Counterfeit Prevention Authentication Program or "CPA" Program.
The program empowers end-users to verify the originality or
provenance of parts which have been marked by their suppliers with
APDN's SigNature® DNA.
The ability to verify originality or provenance of parts comes
at a critical time for defense contractors. As counterfeit parts
continue to infiltrate the military supply chain, the Government is
preparing new regulations requiring strict new anti-counterfeiting
systems for their suppliers, attracting much attention in the
industry. Company officials say that they believe the CPA program
will be in line with the new regulations.
The continuing spike in counterfeits is equally impacting
commercial products.
The utilization of the company's technology has now reached the
point where end-users in electronics -- such as prime defense
contractors and commercial manufacturers -- are able to
authenticate the SigNature DNA mark on incoming items even if those
end-users did not themselves initiate the marking.
In this context, the CPA Program provides an accessible and
immediate action for companies whose suppliers are currently
marking with SigNature DNA. Dozens of companies are already using
the platform and over 500,000 electronic parts have already been
marked. These SigNature DNA-marked parts are now circulating in the
electronics supply chain, providing end-users with unprecedented
ability to identify parts or gain valuable traceability data.
This population has been growing rapidly due to the requirement
by the Defense Logistics Agency (DLA) for use of the platform by
certain suppliers. Twenty-six companies are currently licensed to
mark parts with APDN's SigNature DNA, including two primes, six
component manufacturers, and both authorized and independent
distributors. Janice Meraglia, APDN Vice President for Military and
Government Programs, commented:
"The CPA Program is the natural evolution of the SigNature DNA
marking effort, allowing downstream supply chain recipients to
forensically authenticate DNA-marked products. It is a low-cost
entry point for contractors to begin using a preventative
anti-counterfeit technology. The aim of the aggressively priced
packages is to encourage commercial OEMs and contract manufacturers
in all industries to participate in forensically securing their
supply chains."
Dr. James A. Hayward, President and CEO of Applied DNA Sciences,
stated,
"The CPA program is an example of successful execution of our
business plan: moving from intensive marking of items with
SigNature DNA, to the ability of end-users like OEMs to
forensically authenticate originality or provenance. It is at this
stage where we deliver unique and great value to our customers,
adding an unmatched level of quality and excellence."
For more information on the CPA Program including quote
requests, contact Applied DNA Sciences or an APDN certified Third
Party Marker: SMT Corp. or Premier Semiconductor.
Applied DNA Sciences Contacts:
Bob MacDowell 631-240-8823
bob.macdowell@adnas.com
Larry McIntosh 631-240-8829
larry.mcintosh@adnas.com
Certified Third Party Markers:
SMT Corporation Tom Sharpe tsharpe@smtcorp.com 203-270-4705
Premier Semiconductor 480-736-1970
sales@premiers2.com
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 631-240-8818
INVESTOR CONTACT: Debbie Bailey 631-240-8817
Web site: www.adnas.com Twitter: @APDN, @APDNInvestor.
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