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Applied DNA Sciences Ramps-Up Its Cash-in-Transit Business
Authentication Links SigNature DNA From Recovered Cash to Crimes
| Source: Applied DNA Sciences, Inc.
STONY BROOK, NY--(Marketwire - July 16, 2009) - Applied DNA Sciences, Inc. (OTCBB : APDN ), a
provider of DNA-based security solutions, announced that it has
successfully completed additional authentications of recovered bank notes
for UK Police forces, assisting in the investigations of alleged
perpetrators. In the UK, millions of pounds every year are stolen by
criminals targeting cash-in-transit (CIT) vehicles, threatening or injuring
CIT couriers, and in some cases, putting the safety and welfare of the
public at risk.
Jo Veale, Detective Constable, Metropolitan Police, said, "Cash-in-Transit
crime can have a serious impact on the lives of everyday people. We are
working in partnership with Loomis and APDN to ensure that the criminals
are caught and prosecuted to the fullest extent of the law."
The latest statistics from the British Security Industry Association (BSIA)
show that attacks against CIT couriers remain a serious problem. The need
for local police forces to combat CIT crime has also increased the
utilization of overt, covert and forensic systems. The use of these
systems and other security devices is resulting in a significant increase
in the number of offenders being caught and brought to justice.
Tony Benson, Risk Director for Loomis UK, said: "We are fully committed to
assist the UK Police with their investigations. We have retained APDN to
assist us in forensic authentication and the provision of expert witness
statements. SigNature® DNA markers are already helping us link criminals
to stained notes, clothing, mobile phones, automotive parts, and any other
items that come into direct contact with the perpetrator. Since SigNature
DNA is extraordinarily persistent, even the most savvy criminal will not be
able to detect or remove it."
Security strategies employed by Loomis UK are supported by APDN to
positively identify DNA marked items. Expert witness statements have
already been submitted for a number of pending investigations throughout
the UK. Being tied to the crime with SigNature DNA marked evidence can
dramatically increase the likelihood of conviction.
"The accumulation of APDN's forensic DNA evidence combined with other forms
of evidence will ultimately assist us in finding the perpetrators guilty,"
stated Detective Constable Gavin Wilson, Flying Squad, Tower Bridge.
"The precision of DNA authentication is unequivocal. SigNature DNA markers
were first introduced into Loomis UK cash boxes in early 2008 and currently
APDN is supplying its SigNature DNA markers to most of the Loomis boxes in
the UK. Throughout Europe, Loomis services approximately 30 times their UK
volume. We are well poised to respond to the growing need and have already
begun expanding our library of SigNature DNA markers and authentication
services significantly," stated Dr. James A. Hayward, CEO, APDN.
About APDN
APDN sells patented DNA security solutions to protect products, brands and
intellectual property from counterfeiting and diversion. SigNature DNA is a
botanical mark used to authenticate products in a unique manner that
essentially cannot be copied. APDN also provides BioMaterial GenoTyping™
by detecting genomic DNA in natural materials to authenticate finished
products. Both technologies protect brands and products in a wide range of
industries and provide a forensic chain of evidence that can be used to
prosecute perpetrators. To learn more, go to (www.adnas.com) where APDN
routinely posts all press releases on the Newsroom Tab.
The statements made by APDN may be forward-looking in nature and are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. 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 16, 2008 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.