Applied DNA Sciences, Inc. (“Applied DNA,” “the Company,”
NASDAQ:APDN), today announced it is collaborating with GHCL,
Limited (listed on NSE and BSE), a global manufacturer of home
textiles, and Reliance Industries Ltd. (RIL), India’s largest
private sector company and the first to feature in Fortune’s Global
500 list of ‘World’s Largest Corporations’ – to launch CertainT®
verified recycled PET (“rPET”) bedding products at New York Home
Fashions week, to be held from March 19 to 22, 2018.
Fully source-verified, recycled polyethylene terephthalate (PET
post-consumer) is the clear plastic best known for packaging
bottled water, and is the most widely recycled plastic in the
world. GHCL will use Applied DNA’s CertainT platform in connection
with PET- and/or recycled PET-blended bed sheets, pillowcases, and
shams sold in-store or online in the United States. RIL is
collaborating with GHCL and Applied DNA as the preferred
fiber-manufacturing partner to use the CertainT platform for
authenticity of recycled PET in bed sheets, pillowcases, and
shams.
RIL, the largest integrated producer of polyester fibre and yarn
in the world, manufacturers the most ecofriendly fibres in the
world, Recron® Green Gold fibres and Recron® Green Gold
Dope-Dyed (EcoD) Fibres & Tow, which are manufactured via
ecofriendly processes of the highest standard. These fibers have
been granted the "Global Recycle Standard" from the internationally
recognized Control Union Certificates, Netherland.
Mr. Hemant Sharma, Sector Head - Polyester, RIL said, “RIL is
the only company that has created a complete circle from creation
of PET resin for making bottles, collection of discarded PET
bottles, and converting them to Recron Green Gold Eco Friendly
Polyester fibres for use by the downstream textile value chain that
converts the fibres in to apparel and home textiles.”
Mr. Sharma continued, “Recron® Green Gold fibres and tow
demonstrate the lowest carbon footprint number and meet the most
stringent environmental criteria for being a green fiber. The
collaboration with Applied DNA and GHCL for making forensic science
based Recron® Green Gold fibre further bolsters our thrust on
quality and persuasion for highest standards.”
“Consistent with global sustainability and the circular economy,
we provide the first fully source-verified recycled PET bedding
product line using CertainT, Applied DNA’s proprietary traceability
system that tags, tests, tracks the original r-PET pellets to
finished products,” said Manu Kapur, President and CEO of GHCL Home
Textiles. “We produce a wide range of synthetic yarns from
polyester, viscose and other high-end yarns which now utilize the
CertainT system for full traceability. The ability to source and
buy CertainT yarns made from verified recycled PET fiber is a
unique offering that GHCL can provide to customers globally.”
GHCL operates its home textiles facility in Vapi in the state of
Gujarat, India. The facility overseas the production process from
spinning to weaving to finished processed fabric, which is then
made into duvet sets, sheet sets, comforters, to name a few. As one
of the leading manufacturers in home textiles in India, the plant
boasts an annual production capacity of 36 million meters of
finished fabric per annum. GHCL’s home textile products are
predominantly exported worldwide to USA, UK, Australia, Canada,
Germany and other European Union countries as well. On October 25,
2017, GHCL was presented with the Golden Peacock Award for
Excellence in Corporate Governance in London, UK.
“CertainT does what no other system can do – we can tag every
single fiber and verify them through a defined and secure supply
chain through systematic sampling, testing and tracking,” said Dr.
James Hayward, president and CEO of Applied DNA. “Momentum with
retailers and manufacturers across a variety of textiles is
growing; we are pleased to see the CertainT platform and trademark
now making its way onto retail shelves this year, giving consumers
what they want.”
About GHCL
GHCL is a well-diversified group with footprints in Chemicals,
Textiles and Consumer Products segment. GHCL’s Textiles division is
a vertically integrated manufacturing facility with spinning,
wider-width weaving, continuous fabric processing, and cut &
sew facilities for manufacturing premium quality bed linen. GHCL is
one of India’s leading manufacturers of Home Textiles, with
in-house spinning unit having capability to manufacture multiple
varieties of 100% cotton and blended yarns at various
facilities.
GHCL is known as perennial innovators in bed linen category with
some of recent innovations in the category of ‘sheets’ which
include the PERFECT FIT, EASYSHEET, microTWILL, CELLIANT, EXL
Wrinkle Free Sheets, VERSATILE–Reversible Sheets, Soft Wash Percale
and Sustainable Fibre dyed sheets.
GHCL’s Home Textiles products are predominantly exported
worldwide to countries like United Kingdom, United States of
America, Australia, Canada, Germany and other European Union
countries as well.
About Reliance Industries
Reliance Industries (RIL) is India’s largest private sector
company, with a consolidated turnover of INR 330,180 crore ($ 50.9
billion), cash profit of INR 42,800 crore ($ 6.6 billion), and net
profit of INR 29,901 crore ($ 4.6 billion) for the year ended March
31, 2017. RIL is the first private sector company from India to
feature in Fortune’s Global 500 list of ‘World’s Largest
Corporations’ – currently ranking 203rd in terms of revenues, and
110th in terms of profits. The company stands 106th in the ‘Forbes
Global 2000’ rankings for 2017 – the top-most among Indian
companies. It ranks 10th in LinkedIn’s ‘Top Companies Where India
Wants to Work Now’ (2017). RIL’s activities span hydrocarbon
exploration and production, petroleum refining and marketing,
petrochemicals, retail and 4G digital services.
About Applied DNA Sciences
Applied DNA is a provider of molecular technologies that enable
supply chain security, anti-counterfeiting and anti-theft
technology, product genotyping and DNA mass production for
diagnostics and therapeutics.
Applied DNA makes life real and safe by providing innovative,
molecular-based technology solutions and services that can help
protect products, brands, entire supply chains, and intellectual
property of companies, governments and consumers from theft,
counterfeiting, fraud and diversion. The proprietary DNA-molecular
based “CertainT®” platform can be used to identify, tag, test, and
track products, to help assure authenticity, origin, traceability,
sustainability and quality of products. SigNature® DNA
describes the core technology ingredient that is at the heart of a
family of uncopyable, security and authentication solutions such as
SigNature® T and fiberTyping®, targeted toward textiles and
apparel, BackTrac™ and DNAnet®, for anti-theft and loss prevention,
and digitalDNA®, providing powerful track-and-trace. All provide a
forensic chain of evidence, and can be used to prosecute
perpetrators. Applied DNA Sciences is also engaged in the
large-scale production of specific DNA sequences using the
polymerase chain reaction.
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Common stock listed on NASDAQ under the symbol APDN, and
warrants are listed under the symbol APDNW.
Forward Looking Statements
The statements made by APDN in this press release may be
"forward-looking" in nature within the meaning of the Private
Securities Litigation Act of
1995. 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 history of
losses, 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 28, 2017, which is available
at www.sec.gov. 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, unless otherwise
required by law.
web: www.adnas.com
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Applied DNA Sciences, Inc.investors:Sanjay Hurry,
212-838-3777shurry@lhai.comormedia:Angie Mathews,
781-639-4924angie@cgprpublicrelations.comorprogram:MeiLin
Wan, 631-240-8849meilin.wan@adnas.com
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