Branded HomeGrown™ Australia, the cotton will be tagged, tested and tracked from source to shelf using the SigNature® T system
MOREE, New South Wales, Australia, 8 May 2018 – Louis Dreyfus Company (LDC) announced today the installation of Applied DNA Sciences’ SigNature® T cotton traceability system at its Moree gin in Australia to tag, test and track pure HomeGrown™ Australian cotton.
The system will enable LDC to match increasing consumer and retailer demand for sustainable cotton, demonstrating traceability along the value chain. It will also support industry efforts to help Australian cotton become more competitive and sustainable.
“In line with our continuous drive to create greater value for our customers through our product and service offerings, LDC is excited to partner with The Himatsingka Group and Applied DNA Sciences to introduce the first robust, closed loop, supply chain traceability system for Australian cotton,” says Tony Geitz, Managing Director, Cotton Platform, LDC Australia.
“As a company committed to sustainability and responding to growing consumer demand for traceable cotton, LDC is pleased to adopt this innovative technology that will allow brand owners and retailers to verify the presence of Australian cotton in their finished garments and products. This will enable consumers to make more confident purchase decisions and promote the use of HomeGrown™ Australian cotton.”
LDC and The Himatsingka Group have initiated dialogues with multiple retailers and Australian cotton users about their increasing need for product origin assurance. In anticipation of this demand, Applied DNA Sciences will supply sufficient SigNature® T DNA taggant to tag approximately 14 million kilograms of pure Australian cotton at LDC’s Moree gin on a contingent basis.
Adam Kay, Chief Executive Officer of Cotton Australia remarked, “On average, Australian growers produce enough cotton to clothe 500 million people every year. It is great to see LDC’s traceability initiative, which will serve to strengthen our country’s already enviable global reputation as a reliable and trusted supplier of high quality cotton. As Australia’s cotton representative body, we endorse innovative solutions to traceability which we believe will help the industry become more competitive, sustainable and valued by the community.”
Backed by sourcing, processing, storage and logistical capabilities across major production regions in Australia, LDC originates, gins, warehouses and ships cotton and cotton seeds to global markets. In addition to Moree, the company operates two other cotton gins in Queensland.
Louis Dreyfus Company is a leading merchant and processor of agricultural goods. We leverage our global reach and extensive asset network to serve our customers around the world, delivering the right products to the right location, at the right time – safely, responsibly and reliably. Our activities span the entire value chain from farm to fork, across a broad range of business lines (platforms). Since 1851 our portfolio has grown to include Oilseeds, Grains, Rice, Freight, Finance, Coffee, Cotton, Sugar, Juice, Dairy and Metals. We help feed and clothe some 500 million people every year by originating, processing and transporting approximately 81 million tons of products. Structured as a matrix organization of 6 geographical regions and 11 platforms, Louis Dreyfus Company is active in over 100 countries and employs approximately 19,000 people globally. For more information, visit www.ldc.com and follow us on Twitter and LinkedIn.
LDC opened its first Australian office in Melbourne in 1913, trading grains to the international market and becoming a major wheat exporter in the earliest days of the Australian grain industry. Throughout the past 100 years, we have maintained a strong presence in all aspects of Australian agriculture. Our business portfolio has evolved from a single platform to 6 platforms today, offering high-quality products and services to growers, producers, domestic consumers and international clients alike. Visit us at www.ldc.com/au.
The Himatsingka Group is a vertically integrated Textile major with a global footprint. The Group focuses on the manufacturing, retailing and distribution of Home Textile products. On the manufacturing front, the Group operates amongst the largest capacities in the world for producing Bedding Products, Bath Products, ultrafine count Cotton Yarn and Decorative Fabrics. Spread across Asia, Europe and North America, its retail and wholesale distribution divisions carry some of the most prestigious brands in the home textile space and cater to private label programs of major retailers across these geographies. With a team of over 6000 people, the Group continues to expand reach and build capacities in the textile space.
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.
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. The proprietary DNA-molecular 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 toward 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.
Common stock listed on NASDAQ under the symbol APDN, and warrants are listed under the symbol APDNW.
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.