SOURCE: Applied DNA Sciences

Applied DNA Sciences

November 14, 2013 08:30 ET

US Defense Logistics Agency Is Exploring DNA Marking as a Possible Solution to Mitigate Counterfeits in a Broad Range of Products

Presentation at Industry Outreach Event

STONY BROOK, NY--(Marketwired - Nov 14, 2013) - Applied DNA Sciences (OTCQB: APDN), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, today issued an update concerning the 2013 Electrical and Electronics Industry Outreach Forum, sponsored by the US Defense Logistics Agency (DLA) in Columbus, Ohio on October 24, 2013. 

The conference included a briefing by DLA about SigNature® DNA Marking of Microcircuits. Currently there is a requirement for SigNature DNA marking of all Federal Supply Class (FSC) 5962 microcircuits supplied to DLA. That presentation is included within a larger document published by DLA on to its website, and which can be found here, in slides numbered 24-43.

Slide 42 of the briefing, stated that:

DLA is exploring [SigNature] DNA marking, along with other technologies as a possible solution to mitigate counterfeits in these high risk items:

FSC 3110, Bearings (Aviation)
FSC 4730, Fittings, Hoses, and Tube (Land & Maritime or L&M)
FSC 5325, Fasteners (Troop Support)
FSC 5935, Electrical Connectors (L&M)
FSC 5961, Semi-conductor Devices (L&M)

While these commodities represent the higher risk items DLA procures, overall, the Agency manages 5.1 million items assigned to 548 different Supply Classes. DLA procures 93% of electrical and electronic parts procured in support of the DOD services.

These commodities are of various sizes, shapes and substrates and represent a meaningful volume of parts procured by DLA. "Applied DNA's commercial experience in marking everything from copper cables to plastic sheaths to textiles is transferable to these FSCs," stated Dr. James A. Hayward, President and CEO of Applied DNA Sciences.

Janice Meraglia, Vice President of Military and Government Programs at Applied DNA Sciences stated: "Applied DNA is poised to support DLA in its determination to safeguard any commodities necessary to ensure readiness for the warfighter."

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 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 20, 2012 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.

Contact Information

    Mitchell Miller
    fax: 631-240-8900

    Debbie Bailey
    fax: 631-240-8900

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    Twitter: @APDN, @APDNInvestor