Applied DNA Sciences Pens Deal with WestPoint Home for CertainT Program
03 May 2018 - 7:00PM
Business Wire
The deal will verify recycled PET and PET for
WestPoint Home’s hospitality bed and bath textiles
Applied DNA Sciences, Inc. (NASDAQ: APDN, “Applied DNA,” “the
Company”), has signed a multi-year license agreement (the
“Agreement”) with WestPoint Home, LLC – a premier U.S. textile
manufacturing company – to provide CertainT® platform services
for their hospitality bedding and textile goods. Under the terms of
the Agreement, WestPoint Home has been granted the exclusive right
to use Applied DNA’s CertainT platform for its collection of
blended duvets, towels, sheets, pillow cases, bed skirts, shams,
and decorative pillow products sold for hospitality in Canada,
Mexico and the US. Also under the Agreement, WestPoint Home has
been granted non-exclusive global CertainT platform rights for
various hospitality opportunities. WestPoint Home will use Applied
DNA’s CertainT platform from start to finish – assuring that any of
its hospitality textile products using PET and recycled rPET
contain the original source raw materials.
“Our partnership with Applied DNA adds to our already extensive
assortment of environmentally sustainable products and processes,”
commented Normand Savaria, President and CEO of WestPoint Home. “As
leaders in supply chain transparency and accuracy we are excited to
be adding the CertainT platform and technology to our product
offerings.”
As part of the platform, Applied DNA’s molecular tags are
embedded into the source materials that create polyester (PET) and
recycled polyester (rPET) fiber – with no impact on fiber’s
performance or quality. CertainT-tagged textiles can be
forensically authenticated by detecting this molecular tag in both
PET and rPET fiber – ensuring its authenticity and origin.
“The CertainT platform helps WestPoint Home produce innovative
products utilizing an efficient and trusted traceability system
with a fair return,” said Dr. James Hayward, president and CEO of
Applied DNA. “Differentiating their brand throughout the
hospitality industry through use of our CertainT trademark will
confirm to the wide variety of clientele within this special market
that the products comply with our supply chain platform and are
verifiably made from recycled fibers.”
About WestPoint Home
Since 1813 WestPoint Home has been a leader in the design,
manufacturing and distribution of textiles for both consumer and
commercial end uses.
WestPoint Hospitality provides their commercial clients with a
curated assortment of bed and bath products that are engineered to
ensure the highest levels of operational efficiency and guest
satisfaction. WestPoint Hospitality’s line of bed and bath linens
include sheets, towels, decorative bedding, blankets and filled
utility products.
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 and therapeutics. The Company 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.
The proprietary DNA-based CertainT® platform can be used to
identify, tag, test, and track products, to help assure
authenticity, origin, traceability, sustainability and quality of
products. SigNature® DNA describes the core technology ingredient
that is at the heart of a family of uncopyable, security and
authentication solutions such as SigNature® T and fiberTyping®,
targeted towards textiles and apparel, BackTrac® and DNAnet®, for
anti-theft and loss prevention, and digitalDNA®, providing powerful
track-and-trace. All provide a forensic chain of evidence, and can
be used to prosecute perpetrators. Applied DNA Sciences is also
engaged in the large-scale production of specific DNA sequences
using the polymerase chain reaction.
Visit adnas.com for more information. Follow us
on Twitter and LinkedIn. Join our mailing
list.
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 our lack of significant revenues, limited
financial resources, limited market acceptance, history of net
losses, market competition 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 28, 2017 and our
subsequent quarterly report on Form 10-Q filed on February 8, 2018,
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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180503005097/en/
Applied DNA Sciencesinvestor contact:Sanjay M.
Hurry, 212-838-3777shurry@lhai.comormedia
contact:Angie Mathews,
781-639-4924angie@cgprpublicrelations.comorprogram
contact:MeiLin Wan,
631-240-8849meilin.wan@adnas.comorweb: www.adnas.comtwitter:
@APDN
Applied DNA Sciences (NASDAQ:APDN)
Historical Stock Chart
From Apr 2024 to May 2024
Applied DNA Sciences (NASDAQ:APDN)
Historical Stock Chart
From May 2023 to May 2024