Applied DNA Sciences Appoints Radio Frequency Identification Expert Richard W. Durkee to Advisory Board.Business Editors/Health/Medical Writers LOS ANGELES--(BUSINESS WIRE)--Feb. 4, 2004 - Specialist in network and systems security will focus on company's wireless DNA- embedded microchip and security access product line - Applied DNA DNA: see nucleic acid. DNA or deoxyribonucleic acid One of two types of nucleic acid (the other is RNA); a complex organic compound found in all living cells and many viruses. It is the chemical substance of genes. Sciences, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : APDN), a provider of proprietary, DNA-embedded security applications, has appointed Richard W. Durkee to the company's board of advisors. Durkee will contribute his expertise in radio frequency identification See RFID. (RFID (Radio Frequency IDentification) A data collection technology that uses electronic tags for storing data. The tag, also known as an "electronic label," "transponder" or "code plate," is made up of an RFID chip attached to an antenna. ) and security systems design to the integration of Applied DNA Sciences' wireless microchip and security access product applications. Applied DNA Sciences provides proprietary DNA-embedded biotechnology security solutions using organic DNA that verify authenticity and protect corporate and government agencies from counterfeiting, fraud, piracy, product diversion, identity theft and unauthorized intrusion. Durkee is currently consulting as a system architect specializing in analysis and systems design of commercial, enterprise-scale software products for network and systems security. His work encompasses developing sophisticated methods for large enterprises to identify and manage network and systems security. Previously, Durkee was chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Matrics, Inc., a developer of microelectronic devices for the RFID industry. His role included partnering with major Fortune 500 customers and consulting services providers on the integration of Matrics products with existing enterprise resource planning/supply chain systems. He also directed the design and development of Matrics' RFID semi-conductor microcircuits and RFID reader A transmitter/receiver that reads the contents of RFID tags in the vicinity. Also called an "RFID interrogator." The maximum distance between the reader's antenna and the tag vary, depending on application. systems from concept to commercial sales. As vice president of information technology and operations at CAIS CAIS - Common APSE Interface Specification Internet, Inc. a Tier-1 Internet Service Provider Internet service provider (ISP) Company that provides Internet connections and services to individuals and organizations. For a monthly fee, ISPs provide computer users with a connection to their site (see data transmission), as well as a log-in name and password. and long-distance/operator service company, Durkee re-structured and implemented an extensive expansion process that propelled the rapid growth of the company's employee and customer base by more than 300 percent in 18 months. CAIS grew from a regional ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. into a national, tier-one network service provider. "Richard's technological expertise in the security systems design industry will provide guidance on the integration of our DNA-embedded products within existing supply chain systems," said Larry Lee For the football player of the same name see Larry Lee (football player). Larry Lee was a long time friend of Jimi Hendrix and eventually joined Hendrix's new band Gypsy Sun and Rainbows as rhythm guitar player. , chief executive officer of Applied DNA Sciences. The Applied DNA(TM) Chip is a state-of-the-art biotechnology product in which combinations of plant DNA are embedded into a non-silicon based microchip using a breakthrough proprietary technique. The DNA chip DNA chip See DNA microarray. Noun 1. DNA chip - a microchip that holds DNA probes that form half of the DNA double helix and can recognize DNA from samples being tested gene chip generates unique signals and will not function properly once removed from the casing. The Applied DNA(TM) Security Access System is comprised of the Applied DNA Chip and the Applied DNA(TM) Access Control Chip Reader. The Security Access System is secure, versatile and uses credit card type media for use with a slot reader or contact point system for instant authentication. The security access system controls and prevents individual and corporate identity theft and unauthorized intrusion. Applied DNA Sciences is able to isolate and combine unique sequences of DNA codes that become a fingerprint or traceable marking for any product. This fingerprint is virtually impossible to replicate. The unique characteristics and combinations of these DNA sequences are used as tools to differentiate and verify product authenticity. The company's proprietary production techniques have overcome the technical obstacles for stabilizing organic DNA for up to one hundred years. About Applied DNA Sciences, Inc. Applied DNA Sciences, Inc. provides proprietary DNA-embedded biotechnology security solutions, using non-human DNA, that verify authenticity and protect corporate and government agencies from counterfeiting, fraud, piracy, product diversion, identity theft and unauthorized intrusion. Applied DNA Sciences has an exclusive licensing and partnership agreement covering North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe with Biowell Technology, Inc. (http://www.biowell.com.tw/eng) of Taiwan. The company develops markets, and sub-licenses DNA security systems, supply-chain management systems and anti-counterfeit solutions. Applied DNA Sciences' technology addresses the more than $350 billion of counterfeit products sold each year as well as the multi-billion dollar homeland security market. The company is headquartered at 9255 West Sunset Boulevard Los Angeles, CA 90069; Tel: 310.860.1362; Fax: 310.860.1303 or visit www.ADNAS.com. The statements made by Applied DNA Sciences, Inc. (the company) may be forward-looking in nature and are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements describe the company'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 Sciences, Inc. Actual results could differ materially from those projected due to changes in interest rates, market competition, changes in the local and national economies, and various other factors. The company 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. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion