Applied DNA Sciences Launches Fermentation Products for Personal Care Industry.STONY BROOK Stony Brook may refer to: Massachusetts:
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. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : APDN), a provider of DNA-based security solutions, today announced the launch of several fermentation products for the personal care industry. The company's primary platform necessitates the manufacture of DNA and one of the methods used to manufacture SigNature DNA requires the growth of bacteria or yeast in fermentors. This fermentation process provides a very high yield of SigNature DNA Markers. Dr. James Hayward James Hayward is the pseudonym of James Nice (b. 6 January 1966 in Essex), English writer on military and modern art history. Educated at the University of Glasgow prior to working in publishing and as a solicitor. , Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of APDN stated: "Members of APDN's, management team have used fermentation as a tool in the manufacture of drugs and ingredients for personal care in the past. Given the combination of management experience and the intellectual property and equipment in the possession of APDN for fermentation, we decided to diversify our product offering. We believe that the shorter sales cycles in personal care offer a quick path to revenues while we continue to build our core business. In addition, the Cosmetic and Toiletries toi·let·ry n. pl. toi·let·ries An article, such as toothpaste or a hairbrush, used in personal grooming or dressing. toiletries npl → artículos mpl de aseo (= industry is one of our primary targets for security, since the industry is subject to counterfeiting and product divergence." Integration of these products into APDN's commercial offerings has been done with minimal additional investment. Pilot productions succeeded during the summer and initial products are just being formally launched. Commercial-scale production should be operational before the end of this year. By leveraging its fermentation capabilities, APDN can develop and manufacture ingredients that will be able to generate multiple revenue streams from its clients in the biotechnology, personal care and consumer product industries. For its initial ingredients, APDN worked with several local biotechnology companies Top 100 Biotechnology Companies The following is a list of the top 100 biotechnology companies ranked by revenue. The first nine companies qualify for the list of the top 50 pharmaceutical companies. to identify and commercialize proteins and other peptides for personal care applications (the fermentation products). Since July 2007, samples of these products have been submitted to several large multinational consumer product companies. One of the products developed is a human protein fragment marketed under the brand name of "Dermal dermal /der·mal/ (der´mal) pertaining to the dermis or to the skin. der·mal or der·mic adj. Of or relating to the skin or dermis. Rx[TM]". APDN has already supplied pilot scale quantities of this product to the manufacturing sites of a large multinational company and initial orders are expected before the end of the calendar year, although there can be no assurance orders will be received. Another Dermal Rx[TM] ingredient has been tested in pilot scale quantities by a second large multinational company for inclusion in a high profile skin care line. This ingredient has been shown to promote exfoliation exfoliation /ex·fo·li·a·tion/ (eks-fo?le-a´shun) 1. a falling off in scales or layers. 2. the removal of scales or flakes from the surface of the skin. 3. without any of the negative effects (irritation or inflammation) associated with chemical peeling. APDN has hired additional employees to assist in this aspect of the business in order to insure that sufficient resources are available in all areas of the company. "We are very pleased with the quick turnaround of our Dermal Rx[TM] program from concept to commercial manufacture. It's a great way to lower our risk concentration and enhance investor returns," commented Dr. Benjamin Liang, Chief Scientific Officer. "This program is complementary to our SigNature DNA Program and demonstrates the versatility of the science behind SigNature DNA. We believe that customers will see the benefit of incorporating SigNature DNA into these new products to protect their product integrity and prevent counterfeiting and diversion." About Applied DNA Sciences, Inc. Applied DNA Sciences, Inc. provides botanical DNA encryption, embedment and authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. solutions that can help protect companies, governments and consumers from counterfeiting, fraud, piracy, product diversion, identity theft and unauthorized intrusion into physical locations and databases. APDN's common stock is listed on the Over-The-Counter Bulletin Board under the symbol "APDN". The statements made by APDN 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 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-KSB, filed on January 16, 2007 and our subsequent quarterly reports on Form 10-QSB. 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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