SOURCE: Applied DNA Sciences

Applied DNA Sciences

February 18, 2010 08:30 ET

Applied DNA Sciences Signs Contract With Safe Solution AB

SigNature DNA Forensic Security Launches in Scandinavia

STONY BROOK, NY--(Marketwire - February 18, 2010) -  Applied DNA Sciences, Inc. (OTCBB: APDN), a provider of DNA-based security solutions and Safe Solution AB (Sweden) announced that they have signed a three-year contract for Safe Solution to market and sell SigNature® DNA forensic products and services to the Scandinavian market.

"Applied DNA Sciences has developed a fantastic concept, based on its unique botanical SigNature DNA, which will definitely hamper and prevent serious crime," says Leif Svensson, CEO of Safe Solution AB. Leif Svensson, former CEO of G4S Cash Services and Chief Security Officer at Arlanda and Bromma airports in Sweden, has considerable experience in cash-in-transit security.

Safe Solution is introducing SigNature DNA products immediately in Sweden. Safe Solution will be promoting APDN's technology, consisting of its unique botanical DNA taggant combined with its proprietary cash degradation dye, AzSure™. With the same technology, Safe Solution is planning to launch enterprise security and home protection products for end-consumers.

"Initially we are launching SigNature DNA in the cash and banking sectors but this is a security solution with large and multiple uses, such as for domestic protection, cargo protection and storage, which are important national concerns in Sweden," Leif Svensson continued. 

Sweden has been experiencing increased and more violent CViT crimes in recent years and there has been a public outcry for a definitive solution. Statistics from the European Security Transport Association (ESTA) show that Sweden ranks third with regard to the number of cash transport robberies in relation to the population. Equally alarming is the fact that Sweden accounts for one tenth of the total capital losses in cash transport robberies in Europe; if one takes into account the size of the population, Sweden was the country that lost the second highest amount of money, after Ireland.

"Within National Police, we are very positive about this DNA forensic system, and once it is deployed in the market, it will act as a deterrent and help create enormous opportunities to better cope with serious crimes," says Anders Burén, Head of Reconnaissance Squad in the county police.

"With this significant partnership and working in close collaboration with the National Police, we will be able to contribute to reducing cash-in-transit crimes and protecting the Scandinavian public from illicit crimes," says Dr. James Hayward, CEO of Applied DNA Sciences. "SigNature DNA has already proven its value in other European cash-in-transit markets where it has been used to assist the police in catching and prosecuting criminals, securing longer sentences than might otherwise have been possible."

About Safe Solution AB
Safe Solutions AB is a Sweden-based company, which among other things, provides security management for businesses. We have a unique experience, both as a customer and a supplier to large, complex and vulnerable activities. We have been responsible for EU certification of Arlanda and Bromma airport after September 11. Our successful security strategies have reduced the number of cash in transit robberies throughout the country.

About APDN
APDN sells patented DNA security solutions to protect products, brands and intellectual property from counterfeiting and diversion. SigNature DNA is a botanical mark used to authenticate products in a unique manner that essentially cannot be copied. APDN also provides BioMaterial GenoTyping™ by detecting genomic DNA in natural materials to authenticate finished products. Both technologies protect brands and products in a wide range of industries and provide a forensic chain of evidence that can be used to prosecute perpetrators. To learn more, go to www.adnas.com where APDN routinely posts all press releases.

The statements made by APDN may be forward-looking in nature and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform 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 23, 2009 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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