CertainT Platform Provides Evidence of Recycled
Polyester Filament and Fiber Content Claims in Asia, Americas and
EMEA
Applied DNA Sciences, Inc. (NASDAQ: APDN) (“Applied DNA” or the
“Company”), provides an update today on its accomplishments toward
commercial-scale production to support global material traceability
for companies declaring sustainability goals to be achieved by
2020. High on the consumer watchlist is the plastics recycling
issue. Applied DNA’s CertainT® platform provides the evidence that
recycled product is used. CertainT-verifiable products are now
available through supply chain partners and brands, including
Amazon and other e-commerce and retail stores, with outlook for
growth as product flows to store shelves. The CertainT platform and
forensic services were conceived to empower companies with the most
advanced commercially-scalable and affordable technologies to help
prove their compliance with stated sustainability goals.
The CertainT “Tag-Test-Track platform enables companies and
their supply chains to designate a unique molecular identity tag
that has meaning specific to the tagged material: for example,
geographic facility location, brand, product line or even date of
manufacture. This tag can be applied on or in a variety of recycled
materials that includes a wide range of polymers such as PET
(polyethylene terephthalate), polypropylene, polyethylene,
acrylics, and many more. The tags are then tested either in the
field or in the lab, depending on material type and customer
requirements. Portable DNA testing devices for tagged pellets are
deployed for textiles made of recycled PET and viscose. The
tracking of tagged items and their test reports can be accessed by
customers from the cloud-based CertainT Textile Portal.
Since the launch of the CertainT platform in July 2017, many
companies have recognized the value of having global material
traceability, and having the ability to prove, with certainty, the
claim for 100% rPET filament yarn used in many performance-wear,
athleisure products, footwear, accessories and home textile
products. While the CertainT platform was initially used for rPET
staple fibers in the home textile industry, there subsequently grew
a much greater opportunity to expand into apparel, footwear and
accessories through rPET filament.
From 2018 ongoing, the Company is working with trusted supply
chain partners to build the large-scale, closed loop, integrated
supply chains that use rPET filament and fiber to service
businesses in Asia, the Americas and EMEA. This business model is
instrumental to building critical mass with our partners, enabling
efficient, cost-effective, agile supply chains.
“We decided to “Go Big, Go Bold” in 2019 by accelerating the
implementation of rPET filament in China, Vietnam, Taiwan, India
and South-East Asia. We believe the opportunity to have a molecular
business solution that will protect brands from source to shelf can
be achieved only with CertainT. We are in the process of building a
thoroughly integrated supply chain which will close the loop and
provide forensic proof through each touch point in the process,”
stated Wayne Buchen, vice president, strategic sales.
Specifically, the Company began with the establishment of a
network of key strategic partners, starting with the Sun Chemical
Supply Group (“Sun”), announced in January this year. Sun has
already provided the capability to accelerate the delivery of
recycled polyester (rPET) by maintaining inventory and warehousing
of raw materials to shorten lead-times, providing quick response to
meet the local needs of language, import/export experience and
other operational business practices. By working in collaboration
with Sun in the past 6 months, the Company has been able to
identify, begin integration and conduct commercial and
pre-commercial manufacturing of hundreds of tons of fiber and
filament with key supply chain partners that include spinners,
weavers, home textile and garment assemblers, and accessories
manufacturers.
“We are excited to bring the CertainT platform to the Asian
market as sustainability with traceability continues to build into
2020 and beyond. Our teams have been working diligently in China,
Taiwan, and Vietnam with the Applied DNA US and EMEA teams to
accelerate the adoption of CertainT globally,” stated David Lai,
CEO of The Sun Chemical Supply Group.
Estimates by Grand View Research indicate that the
global rPET market is anticipated to reach USD $11.40 billion
by 2025. Asia Pacific countries such as China, India, Japan, South
Korea, Vietnam, and the Philippines have been stimulating the
growth of the rPET market as indicated by key findings from the
report:
- In terms of revenue, Asia Pacific
dominated the overall recycled polyethylene terephthalate (rPET)
market. It is anticipated to exhibit a CAGR of 7.4% over the
forecast period.
- North America is expected to witness a
CAGR of 7.8% over the forecast period, owing to its broad
application scope in several key end-use industries such as
fast-moving consumer goods, consumer goods, clothing and textiles,
and automobiles.
Sustainability goals are not a means to an end, but the start of
an era of accountability and traceability. Nonprofit organizations
such as the Ellen MacArthur Foundation routinely publish reports on
plastics pollution and hold some of the world’s largest brands to a
pledge of reduction or elimination of unnecessary plastic packaging
and the use of recycled materials.
“The growth in the CertainT platform is fueled by the need for
recycled polyester (“rPET”); not everyone is playing by the same
rules to ensure the claim is 100% post-consumer rPET that is both
high quality and low cost. Many fiber suppliers claim 100%
post-consumer rPET, but those claims are based on paper
certificates, and not on the product itself,” stated MeiLin Wan,
vice president, textile sales. “Applied DNA, through its CertainT
Platform, provides evidence enabling greater transparency from
corporations and NGOs, offering confidence to the consuming public,
to prove sustainability claims, and in turn, provide a positive
impact on environmental and social issues.”
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 pre-clinical nucleic acid-based
therapeutic drug candidates.
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.
Visit adnas.com for more information. Follow us on Twitter and
LinkedIn. Join our mailing list.
Common stock listed on NASDAQ under the symbol APDN, and
warrants are listed under the symbol APDNW.
Forward-Looking Statements
The statements made by Applied DNA 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 Applied DNA’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
Applied DNA. Actual results could differ materially from those
projected due to its history of net losses, limited financial
resources, limited market acceptance, ability to maintain its
NASDAQ listing and various other factors detailed from time to time
in Applied DNA’s SEC reports and filings, including our Annual
Report on Form 10-K filed on December 18, 2018 and our subsequent
quarterly reports on Form 10-Q filed on February 7, 2019 and May 9,
2019, and other reports we file with the SEC, which are available
at www.sec.gov. Applied DNA 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.
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version on businesswire.com: https://www.businesswire.com/news/home/20190604005314/en/
investor contact: Sanjay M. Hurry, LHA Investor
Relations, 212-838-3777, shurry@lhai.commedia contact: Meryl
Rader, 781-639-4924, meryl@cgprpublicrelations.comprogram
contacts: MeiLin Wan, 631-240-8849, meilin.wan@adnas.comweb: www.adnas.comtwitter: @APDN
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