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  • Applied DNA Sciences, Inc. (APDN) Awarded Advanced Development Grant For Anti-Counterfeiting Platform 0 comments
    Apr 24, 2013 2:13 PM | about stocks: APDN

    Applied DNA Sciences, a provider of DNA-based anti-counterfeiting technology and product authentication solutions, has been awarded a phase I research grant by the United States Missile Defense Agency (MDA) in support of further development of APDN's anti-counterfeiting platform for military electronics.

    The $150,000 award was granted by the MDA Small Business Innovative Research program (SBIR) to develop advanced and innovative methods of placing markings or coatings onto original parts as the electronics are manufactured. These markings enable customers further down the supply chain to confirm that the component is authentic.

    "The SBIR research award from the Missile Defense Agency is another highly important sign that our company's technology has awakened widespread interest in the military and its suppliers," Dr. James A. Hayward, president and CEO of Applied DNA, stated in the press release. "It builds on the momentum of the ongoing requirement by the Defense Logistics Agency (NYSEMKT:DLA) which requires use of our product by trusted suppliers to DLA. The research for MDA will aid our ongoing work in expanding the range of applications of SigNature® DNA, further compressing the time used to mark and authenticate items, and opening up the ability to use still more and varied carriers for our mark."

    The award is a phase I (feasibility) grant, which is generally followed by a competition for phase II (implementation) and phase III (commercialization) grants.

    "We are optimistic that we will be able to take this research project through implementation and move to the commercialization stage," said Dr. Hayward.

    For more information, visit adnas.com

    Please see disclaimer on the QualityStocks website: disclaimer.qualitystocks.net

    Stocks: APDN
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