Dallas, Texas: StockGuru announces The StockGuru Spotlight for Wednesday August 8, 2012: Applied DNA Sciences (OTCBB: APDN).
Applied DNA Sciences, Inc. (OTCBB: APDN) a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced that it has significantly expanded its office, production, and laboratory space and increased its personnel. The expansion reflects the company’s continued worldwide growth in production capacity, technology advancement, and global customer support. Those factors are also seen in a steady rise in shipments of its DNA products, the core technology around which the company’s authentication services are built.
The company’s brick-and-mortar footprint has increased by well over 50% over the last year. The company has added nine positions in that time.
Dr. James A. Hayward, President and CEO of APDN, pointed out that the expansion has been driven in part by product shipments. “By the end of December, 2011, we recorded a substantial increase in our monthly shipments of DNA; as a result, our last two previously announced quarters were each record-setters. Incremental demand should be sustained as new opportunities are addressed.”
Dr. Hayward concluded: “In addition to the current growth we are experiencing across the firm, our LMI-managed microchip project is leading the DOD’s Defense Logistics Agency to seriously consider mandating SigNature® DNA for microcircuits. We are confident we can support a DOD mandate and continue to source additional candidates as this effort might expand.
“In addition, the initial responses to our new product lines, smartDNA® and digitalDNA™, have been encouraging. Our management team felt it appropriate to grow our resources at this time.”
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.
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