Applied DNA Sciences Inc. announced the signing of a non-binding Memorandum of Understanding (“MOU”) with Taiwan-based Tex-Ray Industrial Co., Ltd. The MOU is expected to be followed by a definitive agreement. Under the terms of the MOU, Tex-Ray and Applied DNA will create a Center of Excellence in Taiwan, the industry-acknowledged hub for textiles innovation to: integrate Applied DNA's CertainT tag, test and track authentication platform into new product development of yarns, finishes and fabrics; for designing streamlined supply chain processes to reduce time-to-market for Applied DNA products and services; and, to grow capabilities in marketing, sales and support for servicing global customers. Applied DNA's CertainT molecular authentication platform for forensic authenticity and traceability delivers brand differentiation and protection of goods whose value chains span large commercial ecosystems and geographies.

Unique in its ability to provide identity and traceability embedded in goods themselves, CertainT is a natural fit with the technology innovations that comprise Tex-Ray's product portfolio.