SOURCE: Applied DNA Sciences
STONY BROOK, NY--(Marketwire - Dec 10, 2012) - Applied DNA Sciences, Inc. (OTCBB: APDN), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced today that its evidentiary DNA platform has been adopted in Sweden for use in helping protect cash in transit in that country. The security company Nokas AS revealed that APDN's marking and authentication platform will first be deployed in armored vehicles in the Stockholm area and then expanded to the company's entire fleet.
The technology comes into play during a robbery, when botanically-based DNA marks within a water-based spray are released on cash notes and the criminals themselves. The marks can survive on the notes, clothes, and skin for long periods of time. In court, they provide accepted evidence directly linking criminals to the crime.
Nokas, based in Norway, fields a fleet of over 250 armored trucks to transport cash. It is one of only two cash transport companies in Sweden servicing many retail chains, large banks and other institutions.
The APDN platform for cash in transit already has been used with great success in the United Kingdom, where DNA evidence has helped in over fifty convictions of armed and dangerous criminals since 2009, in an environment where front-line police and private guards are typically unarmed. The DNA marking and authentication platform protects more than 26% of cash being transported to and from banks in the United Kingdom.
Johan Petersson, Nokas security officer, commented, "This is an exciting development for the entire security industry. We are the first with new technology in cash in transit in this region, which helps deter crime and helps the judiciary to prosecute any offense. Using this new technology, Nokas will provide added security to its staff and customers. We believe we are at the forefront."
Elsewhere in Sweden, adoption of the APDN DNA platform has been expanding.
- APDN's anti-intrusion spray technology has now been installed in over 42 jewelry stores in Sweden. It is required for use by the Scandinavian insurance company If.
- Earlier this year, the Swedish National Police Board (RPS) announced its decision to use the security technology in covert police operations nationwide in Sweden.
Both APDN products, as well as the cash-in-transit platform, are branded in Sweden as SmartDNA.
Detective Anders Burén, intelligence chief of the county police in Stockholm commented on the use of DNA marking and authentication by law enforcement:
"The police have seen the positive experience with SmartDNA in England. Today SmartDNA is a tool that we know how to use, helping us find the perpetrator and then to tie him to the crime. Moreover, we can trace the rightful owner of the stolen goods."
Leif Svensson, CEO of the Sweden consulting group Safe Solution AB, which has been instrumental in adoption of the platform in Sweden, observed:
"SmartDNA is a unique concept which will definitely prevent robbery and burglary."
Dr. James A. Hayward, CEO and President of Applied DNA Sciences, stated: "Just as in the United Kingdom, we expect that our DNA authentication products will provide safety to citizens in Sweden and tangible ROI to companies involved in the critical job of moving cash. We have seen cases where prevention of one robbery can repay the entire investment in this powerful platform. We have every reason to believe that our platform will soon provide safety and value widely throughout Europe."
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 8, 2011 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.
Nokas AS offers a wide range of services in cash, cash handling and service. In addition, the company is working to develop new methods for safe and effective cash management. All of this is in line with the company's mission -- to convert physical cash into electronic value quickly and safely. Nokas provides solutions to about 110,000 customers and the Group has approximately 4,000 employees at two divisions: Nokas Cash Handling and Nokas Security & Safety. It has operations in Sweden, Norway, and Denmark.
About Safe Solution AB
Safe Solution provides security management for businesses. We have unique experience, both as a customer and a supplier to large, complex and vulnerable activities. Our security strategies have successfully reduced robberies. As Safe Solution SmartDNA Nordic AB, we have introduced the technology SmartDNA and work with Applied DNA Sciences Inc. (APDN) in the United States.