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Applied DNA Sciences Launches AzSure, Wash-Proof Cash Degradation Dye to Protect Cash and Valuables-in-Transit and ATMs
-- Signs Exclusive Agreement With Swiss High Performance and Security Ink Developer, Printcolor Screen Ltd., and Is Designated "Best in Industry" by Independent Laboratory
| Source: Applied DNA Sciences
STONY BROOK, NY--(Marketwire - December 15, 2009) - Applied DNA Sciences, Inc. (OTCBB : APDN ), a
provider of DNA-based security solutions, and Printcolor Screen Ltd.
("Printcolor") announced that they have entered into an exclusive agreement
for the commercial production of an innovative new, blue, cash degradation
dye, called AzSure®.
The threat of CViT and ATM crimes is already very high in the UK, and
escalating throughout Europe, Asia, Africa and Australia. Current
degradation dyes suffer from a critical technical weakness, as the dyes are
often removed by technically savvy criminals. Consequently, stolen CViT
cash still finds its way into cash transactions.
APDN initiated the development of AzSure in response to demands for a more
effective carrier for its SigNature DNA®, which leaves a forensic trail
to stolen CViT boxes, and results in the highest probability of conviction
for CViT criminals.
Over a 2-year period, AzSure was subjected to numerous lab and field trials
to test for penetration speed and wash-out resistance. Tests were conducted
in the UK, US and in Switzerland exposing AzSure and SigNature DNA to a
range of denomination and currencies, including British pounds, Euros and
US dollars. Independent lab analyses conducted by the University of Leeds'
Colour Science Department subjected AzSure to numerous industrial solvents.
Final analyses concluded that AzSure could not be removed with any solvent,
and that the staining power and resistance to removal were both second to
none.
"We subjected AzSure to challenging evaluation procedures, and found that
the dye became strongly bound in 5 seconds or less to a variety of
banknotes," said Professor Long Lin, Professor of Reprographics Science &
Technology and Director of the Digital Print Centre of Industrial
Collaboration at the University of Leeds. "All denominations of banknotes
were heavily stained rapidly. AzSure leaves clearly visible stains after
various solvent immersion tests, much stronger than the stains retained by
other commercially available staining fluids tested in our laboratory."
With AzSure, Police forces around the world will more efficiently apprehend
and convict criminals who come in contact with AzSure and SigNature DNA.
AzSure is also gaining significant momentum and traction in the CViT, ATM,
government and security industries globally. Most recently, it was
presented and well received at CARTES & IDentification 2009 (Paris), ATMIA
(London) and the European Banking Federation (Brussels).
Dr. James A. Hayward, CEO of APDN, stated: "We think AzSure is far superior
because it is formulated to foster tight binding to global currencies. Lab
and field experiments which have used SigNature DNA in combination with
AzSure dye clearly demonstrated that the dye, fluorescence and DNA cannot
be removed, regardless of the aggressive steps taken to try to remove this
dye from the stained item."
AzSure is distinguished even to the untrained eye as a vivid blue under
ambient light, and a brilliant blue under ultraviolet light. The color
pattern is unique in the industry and provides a means for police, law
enforcement agencies and security companies to determine rapidly that
stolen cash has been protected with a forensic degradation dye.
"AzSure has been the direct result of Printcolor's expertise in high
performance, security inks combined with Applied DNA's entrepreneurial
scientific team. We are both partners in developing innovative products
that are better, safer and meet the exact needs of our customers," stated
Dr. Hayward.
Dieter Hermann, CEO of Printcolor, stated, "Governments and banks today
face the real challenge of staying ahead of increasingly sophisticated
counterfeiting without sacrificing security features and banknote longevity
to costs. Working with APDN, we were able to quickly develop AzSure to the
exact specifications requested. The variety of documents and products that
need to be secured these days is constantly increasing due to the growing
interest that counterfeiters and forgers have in falsifying them. We
believe that with the AzSure line of security dyes, we will be able to
competitively address these concerns and open up new markets for APDN and
Printcolor."
APDN has trained the UK Metropolitan Police and other law enforcement teams
on the detection and authentication of SigNature DNA markers on stolen
cash. The company has linked recovered cash to specific crimes and is
actively supporting Crown Prosecutors in building strong cases against
suspected criminals.
About Printcolor
Printcolor Screen Ltd. is a family owned ink manufacturer which celebrates
its 75th anniversary this year. Through the years, Printcolor has
specialized more in niche markets and offers tailor-made solutions for
technical and industrial applications. The newest segment is the
spectraCRYPT® program with more than 20 different effect groups for
distinctive and forensic attributes. The target markets demand brand
protection and customized security applications.
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.