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Applied DNA Sciences, Inc. (APDN) Reports Batch Of Company-Wide Increases To Accommodate Expansion Efforts

|Includes: Applied DNA Sciences, Inc. (APDN)

Applied DNA Sciences, a provider of DNA-based anti-counterfeiting technology, anti-theft, and product authentication solutions, reports that its ongoing expansion efforts have resulted in a 72 percent increase in its staff of scientific, quality, operational, and other employees since January, which brings its total employee count to 48.

"The addition of top-notch people and an improved facility are two keys to handling growth," Dr. James A. Hayward, CEO and president of Applied DNA Sciences stated in the press release. "Our grow-the-company initiative will keep us steadily on the edge of science and innovation, something our customers have come to expect from us. We are prepared to deliver."

The company's expansion efforts are complementary to its worldwide growth initiatives, which include a broader range of product offerings and a growing sales pipeline.

To further support the expansion, the company is currently moving into a new, 30,000-square foot facility that features significantly larger and differentiated laboratory space, improved security, new staging, shipping and fulfillment centers, and an expanded front office.

AppliedDNA said it is also seeing an increase in the number of contracts with suppliers of military electronics (currently a total of 16), as well as an increase in calls for anti-theft assets. As part of its broader "Technology Roadmap," Dr. Hayward said the company envisions a faster and higher-volume SigNature DNA marking platform, highly optimized rapid read, new breakthroughs in textile marking and authentication, and other technological advances.

"We will remain light on our feet and able to serve customers quickly and with precision," he concluded. "Our new infrastructure is built to empower that philosophy."

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