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Applied DNA Sciences Recognized as a Top Tier Cash-in-Transit Player
Joins Forces With Banknote Watch in National Crime Initiative
| Source: Applied DNA Sciences, Inc.
STONY BROOK, NY--(Marketwire - July 30, 2009) - Applied DNA Sciences, Inc. (OTCBB : APDN ), a
provider of DNA-based security solutions, announced that it has joined
forces with Banknote Watch, a stellar group of companies, government and
police, fighting the ongoing battle against cash-in-transit (CIT) crimes.
The deterrent value of its SigNature® DNA marks in dissuading criminals
from stealing cash boxes helps the CIT companies to lower costs and
minimize risk to their personnel. The UK police have responded positively
to the forensic quality of the evidence produced by SigNature DNA.
James Hayward, APDN, CEO stated, "DNA is proven to be extremely persistent,
and yet it is remarkably compatible with a myriad of inks and glues that
makes it an invaluable tool for the CIT industry to mitigate loss and
risk."
APDN has gradually increased its market share of the taggants used by the
UK CIT industry to nearly 20%. The company hopes to continue increasing
market penetration and enhancing revenue by broadening its authentication
client base. Based on its recent and very successful authentications of
recovered cash from CIT crimes, APDN expects that the value of its DNA
evidence in prosecuting criminals will add to its proliferation in the
marketplace. The next steps in APDN's growth strategy are to ensure that
all cash degradation systems, including ink and dye packs, contain
SigNature DNA, and protect cash boxes, ATMs, and other security systems
used by banks, post offices, building societies and retail outlets.
Alan Townsend, Chairman of BankNote Watch, stated, "Applied DNA Sciences
represents the 'new age' of cash degradation systems and we are very
pleased to welcome Applied DNA as our newest member. The use of botanical
SigNature DNA taggants can be directly linked to a specific crime, leading
to increased convictions of those responsible."
Banknote Watch, a national UK-based crime prevention initiative that aims
to prevent criminals profiting from the proceeds of crimes and reduce the
risk of commercial robbery by raising public awareness that: "a stained
note is probably a stolen note." APDN will participate in Banknote Watch's
public awareness campaigns which utilize posters, leaflets and website
information to educate the public. In addition to the UK, Banknote Watch
currently has a presence in South Africa.
In the UK, APDN is working with Banknote Watch, Loomis UK, the Metropolitan
Police and other Crime Prevention Groups to further generate public
awareness on the deterrence value of SigNature DNA-marked cash boxes. The
result of these coordinated efforts should increase conviction rates,
translating into fewer criminals on the street.
Tony Benson, Loomis UK Risk Director, commented, "The deterrence value of
DNA is clear -- if you commit a cash box robbery, you will be caught and
prosecuted to the fullest extent of the law. DNA stands for 'Do Not
Attempt' and this means that a stolen note recovered from the offender can
be linked to the cash box."
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.
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.