STONY BROOK, N.Y., July 1, 2014 (GLOBE NEWSWIRE) -- via PRWEB - Applied DNA Sciences, Inc. (OTCQB:APDN), (Twitter: @APDN), a provider of DNA-based security and product authentication solutions, is pleased to announce that it has signed an agreement with Wakefield Inspection Services ("WIS") for a collaboration to provide global supply chain, traceability and security-driven solutions to customers using SigNature® T DNA marking and DNA authentication services. Operating in over 60 countries around the world, WIS is a trusted industry leader in the textile business for providing independent quality assessments and inspections with incomparable standards for accurate, objective and quality verification and reporting services.
Applied DNA Sciences' SigNature T DNA platform ensures traceability of textile raw materials from point of origin to finished product. The identity of textiles is thus assured throughout the supply chain. Combined with the services of WIS, textile customers will gain worldwide access to the consultation, training, documentation, and enhanced inspection services required to ensure a seamless implementation of the program.
The products and services offered by both companies will give textile customers confidence that raw materials are inspected, marked, tested and forensically authenticated from the point of origin.
"With Applied DNA Sciences, we will map out the most cost-effective processes and procedures for ensuring that the SigNature T DNA marker in fiber, yarn or fabrics can be securely obtained and authenticated throughout virtually any textile supply and logistic chain. Our international reputation in controlling textile quality and supply makes our collaboration with ADNAS a good fit," said Greg Wakefield, Director, WIS.
The agreement establishes a cost-effective, end-to-end implementation solution that ensures traceability of SigNature T DNA marked fiber, yarn or fabric from the field to the forensic lab. It begins with proven, scalable methods that allow ginners and wool scourers to incorporate and authenticate the SigNature T DNA marker with little impact to existing processes at the raw fiber stage of cotton and wool production. In addition, Applied DNA Sciences' patented fiberTyping® testing for cotton, will ensure the identity of the feedstock. As part of this collaboration, Applied DNA Sciences and WIS will target key customers and markets for joint commercial development, with a focus on value-added, cost effective solutions.
"Consumers will continue to buy products made from trusted sources. They are acutely aware when a product does not look or feel good after one or two washings, and they are increasingly aware of the damage from "leaky" supply chains. Consumers ultimately decide if they buy from the same retail outlet, or not. It's all about quality, integrity and trust. WIS is among the best channels for our approach to the industry," stated Dr. James A. Hayward, President and CEO, Applied DNA Sciences.
About Wakefield Inspection Services
Since its establishment in 1993, Wakefield Inspection Services (WIS) has developed the reputation as a strong and reliable leader in the cotton industry. WIS provides a wide range of commodity inspection, supervision, control and monitoring services covering container services, marine cargo surveys and inspection, break bulk and containerized cargoes. Specific services on cotton include superintending loading of cotton bales, weighing, sampling, classing, HVI testing, micronaire testing, tagging, and checking of external country damage, plus sorting. The factual and concise reports issued by WIS are highly respected and recognized worldwide by governments, insurance companies, banks and international trade merchants. WIS currently operates in 60 countries around the world and has an approximate workforce of 500.
About Applied DNA Sciences
APDN is a provider of 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. SigNature® DNA describes the uncopyable marker that is at the heart of all of our security and authentication solutions. SigNature DNA is at the core of a family of products such as DNAnet®, our anti-theft product, SigNature® T, targeted toward textiles, and digitalDNA®, providing powerful track and trace. All 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, 2013 (amended on May 1, 2014) and our subsequent quarterly reports on Form 10-Q/A (for the quarterly period ended December 31, 2013) and Form 10-Q (for the quarterly period ended March 31, 2014). 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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