Applied DNA Sciences Signs Agreement with Multi-Billion Dollar Clothing Manufacturer to Begin Pilot Program for Identifying Counterfeit Garments.Business Editors LOS ANGELES--(BUSINESS WIRE)--Feb. 19, 2004 -- 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. Marker technology will be integrated in textiles and clothing during the manufacturing process to help combat fraud and to assist with quality control -- Applied DNA Sciences, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : APDN), a provider of proprietary DNA-embedded security solutions that protect corporate and intellectual property from counterfeiting and fraud, announced today that it has entered into a joint development agreement with a major U.S. textile and clothing manufacturer. This manufacturer and Applied DNA Sciences will begin a Pilot Program to effectively integrate the Applied DNA textile marker application in various textile products. "As Applied DNA Sciences continues to set the standards for the highest barrier of defense in anti-counterfeiting in the marketplace today, it may become necessary with certain clients not to disclose the client or nature of the security application for security reasons," said chief executive officer 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. of Applied DNA Sciences. "By providing confidentiality and heightened security surrounding this pilot program, it will allow both companies more flexibility in determining the most cost-effective and efficient solution for embedding the DNA marker in both clothing and textiles." The primary focus of the Pilot Program is to determine where in the manufacturing process of textile and apparel products, the Applied DNA(TM) Marker Technology will best be integrated. Applied DNA Sciences' proprietary technology will embed the unique DNA textile into yarn or fabric or thread, and will remain stable within the product for over 100 years. The DNA markers will be designed to 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 raw textile materials and finished goods can then be verified using Applied DNA Sciences' proprietary DNA detection methods. 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 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. |
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