Applied DNA Sciences to Present Anti-Counterfeiting Proposal at SAE Symposium, September 27
STONY BROOK, NY--(Marketwired - Sep 19, 2013) - Applied DNA Sciences, Inc. (OTCBB: APDN), (Twitter: @APDN), a provider of DNA-based anti-counterfeiting technology and product authentication solutions, announced today that it will propose a new anti-counterfeiting parts marking standard at the upcoming SAE 2013 Counterfeit Parts Avoidance Symposium. APDN Vice President Janice Meraglia will speak and participate in a round table at the Symposium in Montreal on September 27.
The SAE Symposium, including many of the most important thought leaders in the effort against counterfeiting shapes up as an influential and timely gathering. SAE committees have developed and published some of the most widely accepted quality and anti-counterfeiting standards in electronics, many adopted by the federal government and industry.
A practical step forward
The APDN proposal offers a practical step forward, even while government and industry are struggling to find common ground on new government requirements in National Defense Authorization Act of Fiscal Year 2012 and Fiscal Year 2013 (NDAA). The NDAA requirements, potentially changing the entire regulatory landscape in electronics, are closer than ever to implementation by the Department of Defense. The DoD has published a Rule meant to guide implementation of the new law but it has been highly controversial.
A robust part-marking, standard, the APDN proposal notes, can represent an effective and practical step on which both sides can agree. Commented Meraglia, "An anti-counterfeiting parts marking standard can be the first step toward NDAA compliance."
Urgency of immediate action
Speaking to the urgency of taking immediate action against counterfeits, the SAE conference organizers write:
"Counterfeit electronic parts are globally pervasive and continue to be a growing problem. They have found their way into applications that we once thought were secure and immune to this type of threat. Their presence affects national security, personal safety and poses short-term and long-term reliability risks in all electronic applications. Fixing or addressing the issue in the industry has impacted schedules, increased costs and forced new ways of conducting normal business."
Meraglia noted that the company will share its experience in the ongoing Defense Logistics Agency effort that requires use of its marking and authentication product SigNature DNA. She said, "an anti-counterfeiting marking standard need not, and should not be product specific."
And article by APD then outlining the proposal may be accessed by clicking here.
http://counterfeitparts.sae.org/
About Applied DNA Sciences
APDN is a provider of botanical-DNA based security and authentication solutions that can help protect products, brands and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature® DNA and smartDNA, our principal anti-counterfeiting and product authentication solutions that essentially cannot be copied, provide a forensic chain of evidence and can be used to prevent crime.
The statements made by APDN may be forward-looking in nature. 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 20, 2012 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.