Applied DNA Sciences, Inc. Signs Long-Term Supply Agreement With 3SI Security Systems

August 10, 2011 |

4 min read

STONY BROOK, NY--(Marketwire - August 10, 2011) -

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Applied DNA Sciences, Inc. (OTCBB: APDN), a provider of DNA-based security solutions, announced that it has entered into a long term supply agreement with 3SI Security Systems, the world leader in asset protection systems. Commercial supply of the DNA markers has already begun, with repeat orders to be fulfilled on a monthly basis.

Applied DNA was selected by 3SI because of the conviction power of its DNA authentication system. Due to the robustness of the forensic markers, criminals can be linked directly to the evidence submitted for testing at Applied DNA laboratories. 3SI has played a leading role in driving the adoption of forensic markers within the European cash protection industry for many years.

“As a world leader in asset protection systems, 3SI is committed to providing its customers with high performance, technologically advanced products that are affordable. DNA technology has a proven track record in deterring crime and protecting people, and so it is a vital component to the 3SI solution portfolio. It makes criminals think twice before attacking our clients’ assets,” stated Derek Zuckert, Managing Director, 3SI Europe.

SigNature DNA: Dynamic Law Enforcement Technology

3SI Security Systems, established in the USA in 1970 and in Europe in 1982, manufactures, sells and services asset protection security systems based on ink and smoke staining as well as GPS technology. The use of DNA in 3SI’s European currency protection security systems provides law enforcement with irrefutable evidence to help solve cash robbery investigations. This augments the strong market share already controlled by Applied DNA in the UK, and the company’s growing markets in Scandinavia, with incremental market share throughout the rest of Europe.

SigNature DNA has proven remarkably useful in assisting law enforcement agencies in the UK in the capture and prosecution of criminals accused of CViT crimes. APDN has assisted in convictions totaling 122 years in prison to-date. The overall CViT crime rate is down 21% year on year (180 attacks versus 229 for same period in 2010) with losses reportedly down 54% year on year and armed CViT robberies have been dramatically lowered by 70%. The Return on Investment (ROI) for existing APDN customers has already proven record-setting within the CViT industry. This marks Applied DNA’s first entry into the marking of ATM’s.

Theft of cash from 3SI’s protection systems will result in both the money and offenders being DNA marked and irrevocably tied to the crime. SigNature DNA technology can forensically link offenders with an individual crime scene, meaning they cannot deny their involvement. It cannot be removed or replicated and is available in an unlimited number of unique DNA codes, enabling the unequivocal authentication of bank notes and other marked items.

“Applied DNA has continued to ensure that its DNA platform is adopted by 3SI and other strategic partners worldwide. In Sweden, DNA is the core technology behind the DNA crime prevention system that is used for covert sting operations, as well as for asset protection in commercial and residential locations. In the United States, DNA is instrumental in providing anti-counterfeiting protection for the Department of Defense in protecting microchips used in aircraft and other mission critical defense areas,” stated Dr. James Hayward, CEO of Applied DNA Sciences.

About 3SI
3SI Security Systems is the world leader in cash and asset protection systems designed to recover stolen cash and high value assets, apprehend criminals and deter crime. Having over 40 years of experience and protecting more than 40,000 locations worldwide, 3SI offers Teller, Safe, ATM, DNA tagging, Tracking and Cash in Transit products.

About APDN
APDN sells patented DNA security solutions that provide anti-counterfeit protection, as well as protecting brands and intellectual property from counterfeiting and diversion. SigNature DNA is a botanical mark used for product authentication in a unique manner that essentially cannot be copied. When used in conjunction with other law enforcement technologies, SigNature DNA can provide a forensic chain of evidence that has been used successfully in more than 15 convictions. To learn more, go to www.adnas.com where APDN routinely posts all press releases.

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 15, 2010 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.

3SI Security Systems Europe: http://www.3sisecurity.eu
3SI US: http://www.3sisecurity.com