UL and Applied DNA Announce Strategic Partnership

UL,
a leading global safety science organization, today announced that
together with Applied DNA Sciences Inc. (NASDAQ:APDN) they have joined
forces to form a strategic partnership that will lay the foundation for
a significant new development in product authentication and supply chain
traceability.

This partnership will enable UL to offer a series of Verification Marks
for point-of-origin and product content, utilizing Applied DNA’s
SigNature® molecular tags. The DNA tag marks products in
order to create a unique “fingerprint” that can be traced throughout a
product’s journey in the supply chain. This technology combined with
UL’s expertise and experience in testing, audit, and inspection service
offerings equips manufacturers, governments, trade organizations, brands
and end consumers with a tool to validate the very source and content of
products, thus instilling an added level of confidence and empowering
trust.

UL’s Verification Mark provides third-party verification, demonstrating
to consumers that the supplier is taking steps to lead in the industry
by having their products evaluated against UL’s highest standards for
quality and integrity. Furthermore, the Verification Mark program from
UL helps cut through messaging and promotional clutter by making
independent, objective and scientifically-based assessments of product
content and point-of-origin claims substantiated by the DNA tagging
technology from Applied DNA Sciences.

“UL strives to help manufacturers, brands and retailers develop and
bring safer products to market and empower consumer trust,” said Denis
Koh, vice president and general manager for UL’s Consumer & Retail
Services division. “The Verification Mark programs will help enable
brands, retailers and manufacturers to trace and authenticate goods as
they move along the supply chain and provide greater confidence that
products enter the market as intended and from trusted sources”.

Dr. James Hayward, President and CEO of Applied DNA said, “The UL Mark
Verification program is an ideal platform for our SigNature molecular
tags to assure brands, and consumers alike, the provenance of origin and
to substantiate key marketing claims.” Dr. Hayward noted that “The
global footprint and existing relationships of the UL organization
afford Applied DNA a unique opportunity to engage key customers and
quickly scale in-field testing services to support supply chain quality
and traceability requirements.”

To learn more, please visit www.UL.com/crs.
For further information on the UL Verification Mark, please see https://verify.ul.com.

About UL

UL solves the safety, security and sustainability challenges of the 21st
century. Around the world, UL employees share a common passion for UL’s
public mission to promote safe working and living environments for all
people. UL tests, inspects, audits, certifies, verifies claims, advises
and trains, as well as provides software solutions.

About Applied DNA Sciences

Applied DNA is a provider of molecular technologies that enable supply
chain security, anti-counterfeiting and anti-theft technology, product
genotyping and DNA mass production for diagnostics, personalized
medicine and therapeutics.

Applied DNA makes life real and safe by providing innovative,
molecular-based technology 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. The proprietary DNA-based “CertainT®” platform
can be used to identify, tag, test, and track products, to help assure
authenticity, origin, traceability, sustainability and quality of
products.

SigNature® DNA describes the core technology ingredient that
is at the heart of a family of uncopiable, security and authentication
solutions, targeting a wide range of industries, including but not
limited to, pharmaceuticals and nutraceuticals, textiles and defense
materials and DNAnet®, for anti-theft and loss prevention,
and digitalDNA®, providing powerful track-and-trace. Our
products provide a forensic chain of evidence in large commercial
ecosystems.

Visit adnas.com for
more information. Follow us on Twitter and LinkedIn.
Join our mailing
list.

Forward-Looking Statements

The statements made by Applied DNA 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 Applied
DNA’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 Applied DNA. Actual results
could differ materially from those projected due to our lack of
significant revenues, limited financial resources, limited market
acceptance, history of net losses, market competition, risk of not
obtaining regulatory approval and various other factors detailed from
time to time in Applied DNA’s SEC reports and filings, including our
Annual Report on Form 10-K filed on December 28, 2017 and our subsequent
quarterly reports on Form 10-Q filed on February 8, 2018 and May 3,
2018, which are available at www.sec.gov.
Applied DNA 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180711005175/en/

Leave a Comment