Applied DNA Sciences and Prime Contractor L-3 Power Paragon Sign Agreement for
SigNature DNA Marking in Support of DLA Effort
STONY BROOK, NY -- (Marketwired) -- 09/12/13 -- Applied DNA
Sciences, Inc. (OTCBB: APDN), (Twitter: @APDN), a provider of
DNA-based anti-counterfeiting technology and product authentication
solutions, announced today that it has signed an agreement with L-3
Power Paragon, a subsidiary of L-3 Communications, for the use of
SigNature DNA marking technology to proactively protect against
counterfeit electronic parts. L-3 Power Paragon supplies
microcircuits in the category FSC 5962 to the U.S. Defense Logistics
Agency (DLA), and so becomes "SigNature DNA Compliant," playing an
important role in the DLA effort to prevent counterfeit electronics.
Twenty-one electronics companies have now signed agreements, and most
are actively SigNature DNA-marking their parts supplied to DLA.
Thirty-four more are in serious negotiations, both categories
together comprising a pipeline of 53 companies for the program. APDN
has also revealed its Technology Roadmap, showing its support for
delivery to electronics and aerospace businesses of any size,
including those impacted by the anti-counterfeiting language in the
National Defense Authorization Acts (NDAA) of Fiscal Years 2012 and
2013. The presence of prime contractors on this list, company
officials said, is a special indicator of forward progress, since it
is in the interest of primes to encourage their own suppliers to mark
with SigNature DNA, a process known as flowing down requirements.
L-3 Power Paragon supplies power systems for defense, governmental
and advanced industrial applications. It is a prime contractor for
the U.S. Department of Defense (DoD) and numerous other government
and commercial end users. The company's technology is virtually the
"service standard" for the U.S. Navy, while also delivering
innovative airborne products. Many of its systems are intensively
dependent on precision electronics.
"We are proud to have this smart and effective company as a business
partner," stated Dr. James A. Hayward, CEO and President of APDN.
"APDN believes that its SigNature DNA customers, such as L-3 Power
Paragon, will be greatly helped along the road to compliance with the
NDAA anti-counterfeiting legislation. We are confident that this
agreement marks the beginning of a long, productive partnership with
L-3 Power Paragon in the efforts by DLA and our company against
"We are delighted that L-3 Power Paragon, as an advanced technology
prime contractor, has lent its support and prestige to the DLA effort
to protect our warfighters from the plague of counterfeit electronic
parts," said Janice Meraglia, Vice-President of Government and
Military Programs at APDN. "We are sure that its military, national
security and other end users will benefit, and are confident that
other primes will be encouraged to also join the effort."
"L-3 Power Paragon is known for both the excellence and importance of
its power products," said Bob MacDowell, Senior Account Manager for
Government and Military Programs at APDN. "We look forward to working
with L-3 Power Paragon and DLA to become even more proactive in our
"L-3 Power Paragon is committed to going the extra mile to support
our warfighters from any risk of counterfeit parts, and we look
forward to working with DLA to become more proactive in this effort,"
said Scott Utka, Director of Materials at L-3 Power Paragon.
About L-3 Power Paragon
L-3 Power Paragon is a worldwide leader in the engineering,
development, manufacture and integration of power conversion and
distribution systems for defense, governmental and advanced
industrial applications. The company's power conversion, power
conditioning and power protection solutions can be found in a wide
range of demanding military and commercial environments around the
world. Power technology systems from Power Paragon are virtually the
"service standard" for the United States Navy and many international
navies. L-3 Power Paragon also provides innovative airborne products
to solve difficult power problems. The company's power conversion
equipment delivers reliable AC or DC power to a variety of output
loads with power demands of up to 15 kVA. These devices can be found
in many military and commercial fixed-wing aircraft and helicopters.
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(R) 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.
Web site: http://www.adnas.com
Twitter: @APDN, @APDNInvestor
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