Applied DNA Sciences Inc. (NASDAQ: APDN) stock gained by 1.47% at last close whereas the APDN stock price rises by 6.21% in the after-hours session. However, there is no current update related to this change in APDN share-price, is available. Applied DNA Sciences, Inc. develops molecular technologies for supply chain security, anti-counterfeiting, anti-theft, product genotyping, and pre-clinical nucleic acid-based medicinal medication candidates.
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Recent Development
Applied DNA Sciences and American & Efird (A&E), the country’s biggest thread producer announced thatA&E’s INTEGRITY advanced identification thread system is now available for its ECO100 recycled sewing thread line. A&E’s launch of INTEGRITYTM ECO100, an efficient and sustainable thread, based on Applied DNA Sciences’ CertainT molecular-based technology, offers an attractive and cost-effective remedy for companies to authorize and legitimize their products anywhere within the supply chain using a common component i-e sewing thread.
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Sara Caverley who is an Australian celebrity designer will employ A&E’s ECO100 thread products, which are imbued with INTEGRITY and CertainT, in her CAVERLEY footwear line to assure supply chain security and authenticity.
Ms. Caverley made the following observation:
One of the most important lessons I’ve learnt as a designer is the significance of supply chain security. CAVERLEY goods must be made using sustainable components that can be tracked throughout their supply chain to ensure that they are providing the greatest service to their consumers. The ECO100 recycled sewing threads used by A&E are physical evidence of the one-of-a-kind leather and premium embellishments found in their goods.
Chris Alt, Executive Vice President, A&E stated,
Customers of A&E are highly aware of the negative consequences of counterfeit items, which range from missed sales to possible brand equity damage. It is a genuine and worldwide danger. Their extension of the INTEGRITY secure thread technology developed in collaboration with Applied DNA Sciences is a logical evolution for them to meet their clients’ demands and expand their trademark protection solutions.
