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APDN has signed its tenth Long Island-based defence supplier, a manufacturer, as as part of an effort by the US Defense Logistics Agency which requires use of the company's counterfeit prevention product Signature DNA on certain electronic parts provided to the Agency. The company, Modular Devices, is the eighth Original Component Manufacturer (OCM) to comply with the DLA requirement to use SigNature® DNA marking.
Stony Brook, NY (PRWEB) February 20, 2014
Applied DNA Sciences (OTCQB: APDN), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions announced yesterday that it had signed its tenth Long Island-based defense supplier, a manufacturer, as part of an effort by the US Defense Logistics Agency which requires use of the company's counterfeit prevention product Signature® DNA on certain electronic parts provided to the Agency.
The company, Modular Devices, is the eighth Original Component Manufacturer (OCM) to comply with the DLA requirement to use SigNature DNA marking.
Modular Devices, Inc. provides space grade hybrid microcircuits to agencies such as NASA, as used in the Mars Pathfinder Mission, and are suppliers to many prime contractors to the US Department of Defense. As a manufacturer, the company will be provided with a unique DNA-based Authenticity Mark, absolutely assuring originality, wherever that part travels in the supply chain. APDN calls its technology the gold standard in anti-counterfeiting and authentication solutions on today's market.
Said Bob MacDowell, Senior Account Manager of Government and Military Programs for Applied DNA Sciences:
"As a lifelong Long Island resident, who grew up just a stones throw from MDIs facility, I am excited to be part of the growing SigNature DNA Compliant ecosystem. Together, APDN and industry can defeat the counterfeiters utilizing advanced technologies, such as SigNature DNA to create a secure and forensically impenetrable supply chain."
Said Janice Meraglia, Vice President of Government and Military Programs at Applied DNA Sciences:
"As increasing numbers of electronics manufacturers adopt SigNature DNA marking, the platform takes on an even more powerful role in the military supply-chain. The Authenticity Marks provide the highest value for supply-chain as a whole."
Steve Summer, President of Modular Devices, Inc. stated:
Modular Devices, Inc. is committed to implementing the US Defense Logistics Agency DNA marking requirement. We appreciate the support of ADPN, a local Long Island biotech firm, who is firmly committed to supporting the Long Island defense community, and enhancing our desire to explore new business opportunities through the use of DNA marking.
Said Dr. James A. Hayward, CEO and President, Applied DNA Sciences:
"SigNature DNA compliance with the DLA requirement is offering our early adopters a selling advantage, and a rapid return on their investment. The potential to combine Long Island's heritage in biotech and defense is huge and enhances the safety of our warfighters and citizens."
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 APDNs 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 APDNs SEC reports and filings, including our Annual Report on Form 10-K, filed on December 20, 2013 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.
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