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Polyolefins supplier signs up for Applied DNA markers
04
Apr '14
Applied DNA Sciences, Inc., an industrial biotech firm that provides DNA-based authentication and security solutions, announced that on March 31, 2014, APDN and a provider of polyolefins signed a term sheet for mutual development and cooperation regarding the supply of markers - and related additives - for polyolefin products. Today’s global polyolefin market has a size of about 140 billion kilograms per year. 
 
The cooperation between the parties will explore and test the feasibility of the project. The contract provides for initial payments to APDN, comprised of development and exclusivity fees. 
 
The payment of further installments is dependent on achieving specific performance goals over a defined period of less than one year. 
 
About Applied DNA Sciences 
APDN is a provider of botanical-DNA based security and authentication solutions 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 antitheft product, and digitalDNA, providing powerful track and trace. All provide a forensic chain of evidence and can be used to prosecute perpetrators.  

Applied DNA Sciences

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