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Applied DNA Sciences and Markem-Imaje Sign Letter of Intent for Authorized Reseller Agreement

Apr 4 2013 12:00AM

Marketwire

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STONY BROOK, NY -- (Marketwired) -- 04/04/13 -- Applied DNA Sciences, Inc. (OTCBB: APDN), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced today a Letter of Intent (LOI) with Markem-Imaje Corporation (Keene, NH), establishing Applied DNA Sciences as an authorized reseller of Markem-Imaje Fluid inks. The LOI is specifically related to the application of SigNature® DNA botanical markers added into Markem-Imaje inks. This supports suppliers in meeting the Defense Logistics Agency (DLA) requirement for SigNature DNA marking on a class of electronics provided to the Agency.

Markem-Imaje is a top supplier of inks to the electronics industry, both military and commercial, and is said to be the world's largest provider of product identification solutions.

"This expanded relationship will create new opportunities for Applied DNA Sciences to support the DLA requirement for the use of DNA on microcircuits, and will provide additional synergies with other Markem-Imaje products," said Dr. James A. Hayward, CEO and President of Applied DNA Sciences. "Markem-Imaje is interested in further expanding its product line with SigNature DNA, and feels that a working relationship with Applied DNA Sciences would provide the best solution to accomplish that goal."

The Authorized Reseller agreement will enable APDN to resell a set of Markem-Imaje Fluid inks, which APDN then inoculates with its proprietary SigNature DNA unique to each customer. Markem-Imaje and APDN are also looking at the possible development of other ink products suitable for application on a broad range of substrates that will provide APDN customers access to the increased line of Markem-Imaje products and printing solutions. The DLA requirement stipulates that the Agency will only procure FSC 5962 (microcircuits) that use SigNature DNA marking.

"With Applied DNA Sciences as an authorized seller of Markem-Imaje inks, I believe the supply of SigNature DNA for electronics will be simpler, faster, and more easily meet the DLA requirement. This will facilitate usage for customers already using SigNature DNA in Markem-Imaje inks, as well as those future SigNature DNA-customers who have experience with Markem-Imaje inks," continued Dr. Hayward.

"We are working with APDN to make available SigNature DNA-marked inks, and to develop new solutions for Markem-Imaje inks that incorporate this dynamic technology. The innovative nature of SigNature DNA technology provides our Fluid ink customers with a unique value for ensuring that products and supply chains are protected," said Markem-Imaje Vice President of Marketing Christophe Lopez.

About Applied DNA Sciences
APDN is a provider of botanical-DNA based security and authentication solutions that can help protect products, brands and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature® DNA and smartDNA™, our principal anti-counterfeiting and product authentication solutions that essentially cannot be copied, provide a forensic chain of evidence and can be used to prosecute perpetrators.

The statements made by APDN may be forward-looking in nature. 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-K, filed on December 20, 2012 and our subsequent quarterly reports on Form 10-Q. 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.

About Markem-Imaje
Markem-Imaje, a wholly owned subsidiary of the New York-based Dover Group is a trusted world manufacturer of product identification and traceability solutions, offering a full line of reliable and innovative inkjet, thermal transfer, laser, and print and apply label systems. Markem-Imaje delivers fully integrated solutions that enable product quality and safety, regulatory and retailer compliance, better product recalls and improved manufacturing processes. Headquartered in Bourg-lès-Valence, France, Markem-Imaje provides more than 40,000 customers with optimal product marking and coding solutions. Additionally, Markem-Imaje customers are supported by 30 subsidiaries, 6 R&D centers, several equipment repair centers and manufacturing plants strategically located around the globe.

About Dover
Dover, traded on the NYSE, is a world-wide diversified manufacturer of industrial products, with $ 7.9 billion in annualized revenue in 2011. Dover encompasses 34 reporting companies and nearly 34,000 employees around the world. Visit www.dovercorporation.com for further information.



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Web site: http://www.adnas.com
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Source: Marketwire


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