Happy New Year of the Pig!
Gung Hei Fat Choy
We start the new lunar Year of the Pig with great news from Asia. Our new CertainT partners, Sun Chemical Company and Tex-Ray, will bring new opportunity for business, innovation and growth potential. We welcomed, David Lai, CEO of Sun Chemical to our headquarters in Stony Brook this month, and were delighted to explore ways our companies will collaborate to bring sustainable, traceable and trusted solutions for textiles and beyond.
We are grateful for the support from our CertainT partners in India, China, and now Taiwan, as well as our clients that reside all around the world. May the New Year bring us all good luck, health and prosperity.
VP, Textile Sales
Applied DNA Signs Term Sheet for $5m Deal with Cannabis Consultancy
Applied DNA’s CertainT Platform to Power TheraCann’s ETCH BioTrace Seed-to-Sale Tracking System
STONY BROOK, N.Y., and PANAMA CITY, PANAMA (February 12, 2019) – Applied DNA Sciences Inc. (NASDAQ: APDN) (“Applied DNA,” or “the Company”), a leader in PCR-based DNA manufacturing for product authenticity and traceability solutions, and TheraCann International Benchmark Corporation (“TheraCann”), a leading global full-service legal cannabis and hemp consultancy, announced today that they have entered into a non-binding Term Sheet (the “Term Sheet”) for a long term exclusive licensing agreement for the use of Applied DNA’s proprietary CertainT® supply chain integrity platform technology within TheraCann’s ETCH BioTrace® seed-to-sale tracking system. The Term Sheet is expected to be followed by a definitive agreement (the “Agreement”).
Upon a signed Agreement TheraCann will pay to Applied DNA $5.0 million in non-contingent phased payments over a period of six (6) months from the date of the signing of the Agreement. In addition, Applied DNA will be the exclusive supplier of SigNature® molecular tags, molecular tag application systems and molecular tag authentication systems to TheraCann for use within TheraCann’s ETCH Biotrace system. The term of the exclusive license to TheraCann is patent term for patented aspects, and 20 years for non-patented components.
The Importance of Traceability to the Outdoor Industry
By Chris Goddard, CGPR
The $887 billion U.S. outdoor industry has always been ahead of the curve when it comes to setting an example for a circular economy, albeit recycling, sustainability and traceability. Iconic outdoor brands have been early adopters of best practice technologies, and as the industry gathers for the 2019 Outdoor Retailer Snow Show, this next generation expertise will be front and center.
Keep a close eye on this industry for its advanced thinking and commitment to make it happen. Watch as other industries, especially fashion and home goods, look to leading outdoor brands for inspiration in traceability solutions.
Member Spotlight: Applied DNA Sciences
Applied DNA Sciences uses a system of molecular tagging to assign a secure identity to products and materials. Their molecular DNA-based identification system is versatile and can be deployed and verified at any point in the supply chain.
Starting out as a cash security technology, Applied DNA’s process has been tested and proven effective. For cash box security, the molecular tag will be sprayed along with a dye in the event of a crime. With the individualized tag sprayed onto the criminal, the unique molecular tag is usable in court as evidence to convict the criminal.
Globetrotting Applied DNA Has It Made in Taiwan
Spanning the globe: Stony Brook-based Applied DNA Sciences continues its world tour with a new Memorandum of Understanding in Taiwan.
By GREGORY ZELLER | FEBRUARY 4, 2019
Look out, Asia – here comes Applied DNA Sciences.
Picking up where it left off at the end of a hyper-busy 2018 – in which it expanded its DNA-based supply-chain-authentication portfolio to include pharmaceuticals manufacturing in Pennsylvania, legalized marijuana distribution in Canada and a host of other supply chains in domestic and international markets – the Stony Brook-based biotech is sending its product-traceability solutions deep into to “the heart of Asia’s textiles industry.”
Achieving Transparency Beyond Tier 1
Today, storytelling is at the center of retail. Consumers are eager to know as much as possible about the places, people and processes behind the goods they buy. Tell a compelling tale, and you’re more likely to be rewarded with the sale — but it can’t be fiction.
Wayne Buchen, VP Strategic Sales at Applied DNA, speaks to Edward Hertzman of Sourcing Journal in the second of a series of video interviews.
Sun Chemical Visit
Applied DNA was pleased to host David and Howard Lai from our newest partner, Sun Chemical Supply. The gentlemen toured our Stony Brook facilities and were given live demos of our molecular tagging and authentication technologies.
Pictured from left to right: Angela Brauer, Judy Murrah, David Lai,
James Hayward, Wayne Buchen, Howard Lai.
David Lai, James Hayward and Wayne Buchen discuss the benefits afforded by the CertainT platform, and the global opportunities in the pipeline for both companies.
Dr. Hayward explains how masterbatch pellets tagged with SigNatureT DNA make their way through the textile supply chain, resulting in traceable and source-verified finished products.
By Wayne Buchen
The OR (Outdoor Retailer) show moved from Salt Lake City, Utah to Denver Colorado for the first time this past January.
Denver put on a show!! Industry leaders in outdoor such as The North Face, Patagonia, Adidas, Helly Hansen, Obermeyer / Spyder etc, showcased the newest in product, innovation and Technology.
ADNAS had the opportunity and invitation to meet with Jeff Dorton and The North Face innovation team. This included invitation into there largest release of breathable membrane fabrics (Showcased at CES). The obvious growth in the Outdoor Space, is lighter weight shell, with lightweight fill, innovated gridded fleece, base layer and smart technology.
There was great enthusiasm for the use of DNA for IP and Counterfeit Protection as well as Supply Chain tractability. Textiles team, continues focusing on the best in class and added value propositions in the Sportswear arena.