Applied DNA Sciences (NASDAQ:APDN)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Applied DNA Sciences Charts. Click Here for more Applied DNA Sciences Charts.](/p.php?pid=staticchart&s=N%5EAPDN&p=8&t=15)
Applied DNA Sciences, Inc. Announces Completion of R&D Program to
Develop DNA-Embedded Holographic Security Product
LOS ANGELES, June 8 /PRNewswire-FirstCall/ -- Applied DNA Sciences, Inc.
(OTC:APDN) (BULLETIN BOARD: APDN) announces the completion of a 6-month R&D
program to develop a DNA-embedded hologram. The announcement follows the
successful testing of the new DNA-embedded holographic security product by the
Department of Energy's Idaho National Laboratory. The holograms were developed
under an agreement with Holomex, a leading security hologram supplier, who
provided the latest advancements in holographic technology for this project.
The goal of the program was to design a multi-layered security product that has
both the convenience and speed of optical readability and the absolute
certainty of DNA forensic authentication.
The DOE produced a conclusive report demonstrating the successful integration
of APDN's DNA into a hologram. The most significant outcome of this testing
was the increased speed of DNA authentication. The improved analytical methods
developed by the DOE under an R&D program with APDN produced positive results
10 times faster than conventional Polymerase Chain Reaction (PCR) methods
typically used by commercial laboratories for DNA testing. These new methods
are the result of several advancements involving various DNA-encrypted products
under a Cooperative Research and Development Agreement (CRADA) that APDN
executed with the Department of Energy.
The DNA holograms are the first of several product configurations planned under
the business alliance with Holomex. APDN and Holomex will target several
industry sectors with the new security labels. The pharmaceutical, beauty
product, automotive and entertainment industries are the primary targets.
Since holograms are already in wide use for security printing, the addition of
DNA for forensic authentication has strong appeal, and is a natural progression
to meet demands for higher security. Customers already familiar with using
holograms will recognize the cost benefits associated with implementing the DNA
feature that utilizes existing process equipment-making adoption very fast.
Holomex will begin marketing the new DNA holograms to its existing customers in
July 2005.
ABOUT APPLIED DNA SCIENCES, INC.
Applied DNA Sciences, Inc. provides proprietary DNA-embedded security
solutions, using plant DNA, to verify authenticity and protect corporate and
government agencies from counterfeiting, fraud, piracy, product diversion,
identity theft and unauthorized intrusion into physical plant and databases.
Applied DNA Sciences, Inc., 9229 West Sunset Boulevard Los Angeles, CA 90069;
Tel: 310.860.1362; Fax: 310.860.1303. http://www.adnas.com/ .
Except for historical information contained herein, the matters set forth in
this press release, such as statements relating to the Company's ability to
drive technological developments and the acceptance and timing of product
introductions, are forward-looking statements that are subject to risks and
uncertainties, including timely development and acceptance of new products, the
impact of competitive products and pricing, the timely development and release
of products by suppliers, and other risks detailed in the Company's periodic
filings as filed with the SEC.
DATASOURCE: Applied DNA Sciences, Inc.
CONTACT: Adrian Butash of Applied DNA Sciences, Inc., +1-310-860-1362,
; Investor Relations - Tim Clemensen, Senior Vice President,
Rubenstein Investor Relations, +1-212-843-9337, ;
Public Relations - Jennifer Gould, Vice President, Rubenstein Public
Relations, +1-212-843-8037, , both for Applied DNA
Sciences, Inc.
Web site: http://www.adnas.com/