Applied DNA Sciences, Inc. (OTCBB: APDN), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced today that it has been awarded a Phase I research grant by the United States Missile Defense Agency (MDA) for approximately $150,000, for advanced development of APDN's anti-counterfeiting platform for military electronics.
The award, granted by the MDA Small Business Innovative Research program (SBIR), aims to develop advanced and innovative methods of placing markings or coatings onto original parts at the time of manufacture, to enable customers at later stages in the supply chain to confirm that the component is authentic.
The project expands on, but is separate from the research and testing supported by the Defense Logistics Agency, a project which prepared the platform now required by DLA for all items in a class of electronics provided by contractors to the agency.
Dr. James A. Hayward, President and CEO of Applied DNA Sciences, commented:
"The SBIR research award from the Missile Defense Agency is another highly important sign that our company's technology has awakened widespread interest in the military and its suppliers. It builds on the momentum of the ongoing requirement by the Defense Logistics Agency (DLA) which requires use of our product by trusted suppliers to DLA. The research for MDA will aid our ongoing work in expanding the range of applications of SigNature® DNA, further compressing the time used to mark and authenticate items, and opening up the ability to use still more and varied carriers for our mark."
The award is a Phase I (feasibility) grant, typically followed by a competition for Phase II (implementation) and Phase III (commercialization) grants. Said Dr. Hayward: "We are optimistic that we will be able to take this research project through implementation and move to the commercialization stage."
Source: Applied DNA Sciences
Date: Apr 24, 2013