Applied DNA Sciences, Inc. Signs Memorandum of Understanding with Sun Chemical Supply Company to Bring Certaint® Authentication Platform to Textile Manufacturers in Asia
January 24, 2019 at 10:00 am
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Applied DNA Sciences, Inc. announced 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.
Applied DNA Sciences, Inc. is a biotechnology company that develops, and markets deoxyribonucleic acid (DNA) based technology solutions. The Company is utilizing its LinearDNA large-scale polymerase chain reaction (PCR) based manufacturing platform. The Companyâs proprietary platform produces large quantities of DNA for use in the nucleic acid-based in vitro diagnostics and preclinical nucleic-acid based drug development and manufacturing markets and for supply chain security, anti-counterfeiting and anti-theft technology purposes. It also develops PCR-based molecular in vitro diagnostics for covid-19. In addition, under its wholly owned subsidiary, Applied DNA Clinical Labs, LLC, the Company is offering a high-throughput turnkey solution for population-scale Covid-19 testing marketed as safeCircle. safeCircle utilizes the Companyâs Covid-19 Diagnostic Tests and is designed to look for infection within defined populations or communities utilizing high throughput testing methodologies.
Applied DNA Sciences, Inc. Signs Memorandum of Understanding with Sun Chemical Supply Company to Bring Certaint® Authentication Platform to Textile Manufacturers in Asia