"The multi-discipline technical resource and depth of application knowledge that IPS brings to the table are unique,” said Dr. James A. Hayward, CEO and Pres., APDN. “It is a pleasure to work with an accomplished team of professional innovators."
Stony Brook, NY. (PRWEB) May 06, 2014
Applied DNA Sciences, Inc. (OTCQB: APDN), (Twitter: @APDN), a biotechnology firm that provides DNA-based authentication and security solutions and services, announced today a partnership with Intelligent Product Solutions (IPS), an end-to-end product design and development services provider. The partnership involves the co-development of various products that broaden the means of authenticity assurance for APDN's clients and their customers. The outcome will be increased quality control and fraud detection for marked products.
"The multi-discipline technical resource and depth of application knowledge that IPS brings to the table are unique," said Dr. James A. Hayward, CEO and President, Applied DNA Sciences. "It is a pleasure to work with an accomplished team of professional innovators."
The IPS team offers experience in security solution design from other industries. "We uniquely apply our engineering and design service capabilities for the betterment of a security procedure," says Mitchell Maiman, CEO at IPS. "We are excited to be working with Applied DNA Sciences."
The partnership will also leverage the technological resources available at Stony Brook University via its Centers for Advanced Technology in biotechnology and sensors and its Center of Excellence for Wireless and Information Technology.
Intelligent Product Solutions pioneered a new model for product development that integrates the full spectrum of design and engineering disciplines as a single source solution. IPS specializes in the rapid "productization" of emerging technologies and advanced materials into high-value consumer and industrial products and applications. Its partners include market leaders that require sophisticated design solutions for their most promising and potentially profitable ideas.
About Applied DNA Sciences
APDN is a provider of botanical-DNA based security and authentication solutions and services that can help protect products, brands, entire supply chains, and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature® DNA describes the uncopyable marker that is at the heart of all of our security and authentication solutions. SigNature DNA is at the core of a family of products such as DNAnet®, our anti-theft product, SigNature® T, targeted toward textiles, and digitalDNA®, providing powerful track and trace. All 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, 2013 (amended on May 1, 2014) and our subsequent quarterly reports on Form 10-Q/A (for the quarterly period ended December 31, 2013) and 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.