Applied DNA Ships $1.15 Million Order In Fiscal 2018 Third Quarter To Tag Initial Cotton Harvest

STONY BROOK, N.Y. — July 17, 2018 — Applied DNA Sciences Inc. today announced that it received and shipped a $1.15 million order in its fiscal 2018 third quarter ended June 30, 2018, to tag cotton in the upcoming 2018-19 ginning season. The order for the Company’s SigNature T® platform technology will be used to tag, test and track three U.S. cotton varietals, Pima, Acala and Delta.

“We are pleased that ongoing efforts to build the market for tagged, traceable and sustainable cotton are converting into new orders across all three main US varietals, reflecting recurring use of tagged cotton across the home textile category,” said Dr. James A. Hayward, president and CEO of Applied DNA. “As brands and retailers continue to deploy strategies and technologies to ensure brand protection, label compliance and consumer assurance, our molecular taggant technology platform is ideally positioned to protect their supply chains by providing assurance of quality and provenance, and helps brands guarantee claims with certainty.”

Since 2014, over 200 million pounds of cotton have been tagged, representing the source of a total end-to-end traceability solution that is substantiated by forensic test data. Well over 5,000 DNA tests have been conducted on cotton tagged for the past 4 years. SigNature T technology utilizes fully-automated DNA Transfer Systems in the “Industrial Internet of Things” design that have been installed in 9 gins including one used this season to tag Australian cotton. The additional orders have not yet been received for the 2018-19 ginning season.

“The database of information we collect from the tagging and testing of cotton fiber now reaches into the millions of data points covering bale identity, spray quality and supply chain testing metrics to ensure true cotton integrity that can be preserved from source to the retail level,” continued Dr. Hayward. “The global implementation of proper controls for segregation of cotton at the gin all the way to finished goods ensures total traceability with no room for substitution.”

Posted July 18, 2018

Source: Applied DNA Sciences