"Copper asset protection, as well as protection against other kinds of metal-theft, is an area that is ripe for growth."
STONY BROOK, NY, (PRWEB) June 05, 2014
Applied DNA Sciences, Inc. (OTCQB: APDN), (Twitter: @APDN), a biotechnology company that provides of DNA-based anti-counterfeiting technology and product authentication solutions and services, announced today that its technology has been instrumental at slashing copper theft with one of its partners in the European Union. For security reasons, the specific partner has requested anonymity.
The copper anti-theft program, which has been in effect for about 18 months, helped to slash copper theft by more than 85%, according to officials of the partner company.
Sixty European power stations, two national railroads and commercial installations have now been protected by the APDN technology. In some cases, the APDN anti-theft program complemented other new anti-theft measures, such as video surveillance.
APDN’s copper theft protection program relies on APDN's smartDNA® product, (branded elsewhere as DNAnet®), a plant DNA-based marker that links copper thieves to the scene of their crimes. Safesolution SmartDNA AB, a Sweden partner of APDN, has played a leading role in adoption of the product. “Our customer has enjoyed a deterrence of copper theft unmatched by any other technology,” said Leif Svensson, Managing Director of Safesolution SmartDNA AB.
The APDN copper program is a natural extension of a program that has been officially recognized in London, Northern England, France, multiple insurance companies, the US military, the Swedish National Police, and enforced by all police forces throughout Sweden and the UK who have been fully trained on the smartDNA system. The Sweden National Railway has conducted a successful trial of APDN's anti-copper theft platform, as has the British National Rail.
Dr. James A. Hayward, CEO and President of Applied DNA Sciences, stated: “Copper asset protection, as well as protection against other kinds of metal theft, is an area that is ripe for growth, as demonstrated in Sweden. We are receiving inquiries from customers who recognize the importance of protecting their assets, minimizing their losses and ensuring that original products can be traced to their source."
In the United States, it is estimated that more than 95% of energy utilities experienced copper theft in the past 12 months with over 50,000 incidences nationwide.
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 (for the quarterly period ended March 31, 2014). 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.