SOURCE: Applied DNA Sciences

Applied DNA Sciences

May 17, 2016 05:30 ET

Applied DNA Sciences Expands DNA-Marking of Prestige Cars Through Swedish Distributor

Sweden Making Their Vehicles Harder Targets for Criminals

STONY BROOK, NY--(Marketwired - May 17, 2016) - Applied DNA Sciences (NASDAQ: APDN) (Twitter: @APDN), a provider of DNA-based supply-chain, anti-counterfeiting and anti-theft technology, product genotyping and product authentication solutions, announced today that will expand its SigNature DNA business via Safesolution, its Swedish Distributor, to select automobile importers in Sweden to make these vehicles a harder target for thieves.

The two-year contract for protecting a minimum of 2,000 vehicles per month was awarded to Safesolution following extensive testing over a two-year period. Using the APDN product known in Sweden as 'Smart DNA,' Safesolution has a proven track record of reducing car theft by over 80%.

The program involves marking high-value components of new luxury cars as they enter Sweden with 'Smart DNA.' This enables Police to trace stolen vehicles and components back to the original owner as each vehicle is marked with a unique forensic DNA code. The program is designed to keep insurance costs low for car owners and to help keep their cars safe from criminals.

Leif Svensson, Founder and Managing Director of Safesolution AB who has been a Distributor for Applied DNA for the last 5 years, commented on the two-year contract, saying "We are very pleased that the automotive industry is choosing our solution. Consumer satisfaction is one of their key driving forces and they take very seriously the issue of car theft and this contract demonstrates their commitment towards their clients."

SigNature DNA has been used in Europe since 2008 to help deter crime and to convict criminals which in itself is a great deterrent. To date the authentication of SigNature® DNA has been used in the convictions of over 100 criminals, leading to prison sentences of 490 years with many more cases still going through the judicial process.

The automotive DNA-marking program followed after endorsements by Swedish police and the Scandinavian insurance giant, IF.

About Safesolution SmartDNA AB
Safesolution SmartDNA AB is a Sweden-based company, which provides security management for businesses. They have a unique security experience as a supplier to large, complex and vulnerable structures and organizations. They have been responsible for EU certification of Arlanda and Bromma airport after September 11, 2001.

About Applied DNA Sciences
We make life real and safe by providing botanical-DNA based security and authentication 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. Our patented DNA-based solutions can be used to identify, tag, track, and trace products, to help assure authenticity, traceability and quality of products. SigNature® DNA describes the platform 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, 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. We are also engaged in the large-scale production of specific DNA sequences using the polymerase chain reaction.

Go to adnas.com for more information, events and to learn more about how Applied DNA Sciences makes life real and safe. 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 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 14, 2015, and our subsequent quarterly reports on Form 10-Q filed on February 10, 2016 and May 12, 2016 which are 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.

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