Applied DNA Sciences Partners with Champion Thread to Commercialize DNA-Embedded Thread to Combat Counterfeiting in Textile Industry.Business Editors/Health/Medical Writers LOS ANGELES--(BUSINESS WIRE)--Feb. 18, 2004 Champion Will Provide Distribution of 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 DNA-Embedded Products to the Sewn-Products Industry Applied DNA Sciences, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .BB: APDN), a provider of proprietary DNA-embedded security solutions that protect corporate and intellectual property from counterfeiting and fraud, today announced it has signed an agreement with Champion Thread Company (CTC CTC - Cornell Theory Center ), a leading supplier of sewing threads, to commercialize, develop and distribute sewing thread applications integrating the Applied DNA(TM) Marker Technology. As an expert in the sewn products industry, North Carolina-based Champion Thread, one of the nation's leading suppliers of industrial threads, has extensive expertise in the commercial use of sewing threads. Champion and Applied DNA Sciences will provide ready-to-market DNA-embedded thread applications. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the American Textile Manufacturer's Association, U.S. textile industry sales were $48.4 billion in 2002. U.S. apparel import preference programs require the use of U.S. made fabrics and yarns. To enforce these programs, the origin of the fabrics and yarns in finished textiles must be determined. The Applied DNA Marker system would identify an illegal textile import as well as authenticate (1) To verify (guarantee) the identity of a person or company. To ensure that the individual or organization is really who it says it is. See authentication and digital certificate. (2) To verify (guarantee) that data has not been altered. the country of origin and the specific factories where a garment, other textile products, and/or its components were produced or assembled. The company's marker technologies could also be used to protect brands, trademarked products and other intellectual property that are critical to the textile products industry. Bob Poovey, president of Champion Thread, said, "We are excited about our affiliation with Applied DNA Sciences and the use of DNA-embedded sewing threads. We have found sewing thread to be an excellent vehicle to embed DNA Markers into apparel, home furnishings, footwear, and many other sewn products. DNA embedded sewing thread is ideal for use in product identification, 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. , brand protection and supply chain management as well as use by the US Customs Agency. CTC as a core business principle has always strived to be at the forefront of technology and innovation within the sewing thread industry. Relationships such as the one with Applied DNA Sciences further underscores the commitment that Champion puts into the development of new and innovative solutions for the ever changing global sewing market." "Our partnership with Champion is an important step in commercializing DNA-embedded thread in the textile industry to help combat counterfeiting and save lost revenues and jobs," 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. , president of Applied DNA Sciences, Inc. "DNA-embedded sewing thread provides an excellent solution for product identification, authentication, and brand protection and has a shelf life of more than 100 years." Applied DNA Sciences' planned textile solution will cost-effectively insert an Applied DNA Marker during the manufacturing process. The company's proprietary technology will allow the DNA marker to embed a unique marker into the yarn or fabric that will have the ability to remain in the thread/yarn for more than 100 years. The DNA markers will be tested to ensure they can withstand extremely harsh textile processes including de-sizing, scouring scouring characterized by scour. scouring disease a colloquial name for secondary nutritional copper deficiency. , bleaching, mercerizing, dyeing, finishing, etc. The origin of these raw textile materials and finished goods can be verified using Applied DNA Sciences' proprietary DNA detection methods. About Champion Thread Company Champion Thread Company is a privately held supplier, developer, and marketer of industrial sewing threads. For over a quarter century CTC has been a major supplier of industrial sewing thread to the apparel, home furnishings, and industrial markets. CTC is an industry leader in product development and an innovator of industrial sewing threads and sewn product solutions. CTC distributes to customers worldwide, offers customers technical support, and outstanding quality assurance, as well as innovative and cost effective applications. The company is headquartered at 1349 E. Garrison Blvd., Gastonia, NC 28054; Tel: 704/ 867-6611; Fax 704-868-2885 or visit www.championthread.com. 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 Noun 1. Homeland Security - the federal department that administers all matters relating to homeland security Department of Homeland Security executive department - a federal department in the executive branch of the government of the United States market. The company is headquartered at 9229 West Sunset Boulevard Sunset Boulevard is a street in the western part of Los Angeles County, California, that stretches from Figueroa Street in downtown Los Angeles to the Pacific Coast Highway at the Pacific Ocean in the Pacific Palisades. Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , 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 forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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