Applied DNA Signs Memorandum of Understanding with Sun Chemical Supply Company to Bring CertainT®
Authentication Platform to Textile Manufacturers in Asia
Strategic Alliance to Broaden Applied DNA’s Presence in Asia; To Enable Companies’ Clients' and Prospects’
Adoption of CertainT Across Textiles, Footwear, Accessories and Component Value Chains
Applied DNA Sciences, Inc. (NASDAQ:APDN) (“Applied DNA,” “the Company”), a leader in PCR-based DNA manufacturing for
product authenticity and traceability solutions, announced today the signing of a non-binding Memorandum of Understanding (“MOU”)
with the Sun Chemical Supply Company of Taiwan (“Sun Chemical Supply”). Under the terms of the MOU, Sun Chemical Supply will serve
as a distributor of the CertainT platform in the heart of Asia’s textiles industry. Established for over 60 years as a chemicals,
synthetic materials and equipment distributor in China, Taiwan and Vietnam, Sun Chemical Supply will provide deep industry
knowledge, infrastructure and client base to expand Applied DNA’s reach to service its currently commercialized business and
further build its pipeline. The MOU is expected to be followed by a definitive agreement.
The multi-dimensional, non-exclusive strategic alliance outlined in the MOU will also enable Sun Chemical Supply to provide
value-added services, such as marketing, product stocking and customization, in-field testing, deployment and training. The ability
to provide these services locally is imperative to Applied DNA’s commercial and prospective customer base currently manufacturing
CertainT authenticated home textiles in China. At the same time, Sun Chemical Supply’s Asia customer base represents additional
textiles verticals whose profiles make them strong candidates for adopting the CertainT authentication platform to differentiate
and protect brands and supply chains with manufacturing locations in Asia.
Sun Chemical Supply offers 9 locations and 59 staff in Asia with highly-trained professionals in chemical analysis, innovative
solutions, end-to-end manufacturing processes and equipment. Its product portfolio is complementary to Applied DNA’s, drawing
synergy in customer solution sets for selling, marketing, and installing. For example, Sun Chemical Supply distributes finishing
treatments, chemicals and oils used in textile manufacture that may act as efficient carriers for Applied DNA’s
SigNature® T molecular tags. Sun Chemical Supply distributes textiles manufacturing equipment which could be adapted for
use in delivering SigNature T tags.
Dr. James Hayward, President and CEO of Applied DNA, said, “We are pleased to take these first steps toward a formal
relationship with Sun Chemical Supply to facilitate our reach to Asian manufacturers that are central to many textile supply
chains. Sun Chemical Supply is a leader in its field and we believe our collaboration will drive additional adoption of our
physical traceability solutions in the global textiles markets.”
David Lai, Chairman and CEO of the Sun Chemical Supply Company, said, “Asian countries play a key role in global textile supply
chains, and we are excited to deploy Applied DNA’s CertainT platform to protect our industries and consumers with reliable
authentication and traceability solutions."
Wayne Buchen, Vice President of Strategic Sales for Textiles at Applied DNA Sciences, added, “Partnering with Sun Chemical
Supply enables us to drive adoption of our CertainT platform throughout the global textile supply chain, beginning at its origin in
Asia. We believe that a CertainT-certified supply chain elevates customers’ brands and products by establishing the transparency
and truth that consumers desire. We look forward to a long and mutually beneficial relationship with Sun Chemical Supply.”
About Sun Chemical Company
The Sun Chemical Group was established in 1957, when the textile industry, initiated in Taiwan, was small scale, poorly equipped
and lacking technical experience. Sun Chemical focused on strengthening the textile industry and obtained information and
technology for clients from Japan. In the 70s, the chemical fiber industry developed in Taiwan and Sun Chemical introduced advanced
equipment and spin finishes from Japan, as well as after-sales service. The company gained a strong reputation domestically as well
as from businesses in foreign countries. Goulston Technologies, Inc. chose to partner with Sun Chemical and the company formed
an affiliate, Sincere Chemical, as a sales agent for Chang Chun Group of PVA, now in its 35th year, and for Dairen Chemical
Corporation for EVA. With strong support from customers, Sun Chemical expanded its fields from textile, paper, glue stick
connection and plastics to the electronics industry. The company established a branch office in Shenzhen in 2004, in Hangzhou
in 2010, and in Vietnam in 2018 and also has offices in Beijing, Tianjin, Zhengzhou and Wuhan. Today, Sun Chemical remains
determined to improve operational efficiency, reduce cost and maintain a competitive advantage, while providing excellent service
to suppliers and clients.
About Applied DNA Sciences
Applied DNA is a provider of molecular technologies that enable supply chain security, anti-counterfeiting and anti-theft
technology, product genotyping and DNA mass production for diagnostics, personalized medicine and therapeutics.
Applied DNA makes life real and safe by providing innovative, molecular-based technology solutions and services that can help
protect products, brands, entire supply chains, and intellectual property of companies, governments and consumers from theft,
counterfeiting, fraud and diversion.
Visit adnas.com for
more information. Follow us on Twitter and LinkedIn.
Join our mailing
list.
Common stock listed on NASDAQ under the symbol APDN, and warrants are listed under the symbol APDNW.
Forward-Looking Statements
The statements made by Applied DNA in this press release may be “forward-looking” in nature within the meaning of the Private
Securities Litigation Act of 1995. Forward-looking statements describe Applied DNA’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
Applied DNA. Actual results could differ materially from those projected due to its history of net losses, limited financial
resources, limited market acceptance and various other factors detailed from time to time in Applied DNA’s SEC reports and filings,
including our Annual Report on Form 10-K filed on December 18, 2018 and other reports we file with the SEC, which are available
at www.sec.gov.
Applied DNA 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, unless otherwise required by law.
![](http://cts.businesswire.com/ct/CT?id=bwnews&sty=20190124005229r1&sid=mstr3&distro=nx&lang=en)
Investors:
Sanjay Hurry, 212-838-3777
shurry@lhai.com
Media:
Meryl Rader, 781-639-4924
meryl@cgprpublicrelations.com
Program Contacts:
MeiLin Wan, 631-240-8849
meilin.wan@adnas.com
Web: www.adnas.com
Twitter: @apdn
View source version on businesswire.com: https://www.businesswire.com/news/home/20190124005229/en/