Applied DNA Sciences Inc (NASDAQ:APDN) Launches On-Site DNA Authentication Program

Applied DNA Sciences Inc (NASDAQ:APDN) Announced it has launched its on-site DNA Authentication program. The program is for the textile industry and provides a much needed solution. The cotton textile industry is in demand for a fast authentication system. This is to ensure quality, controls and sourcing of the raw materials involved in the manufacturing industry. The patent for the technology is still pending but the product is ready to be released. It includes a desktop solution that comes complete with software and on-site training. The company is ensuring seamless transitioning for all parties involved.

Have technical analyst identified a strong wedge in APDN?

Proprietary Technology

The technology is revolutionary as it brings the work that is usually done in labs, right to the facility where the cotton textile is handled. Licensees will benefit not only from the advanced technology but also the convenience of an on-site operation. The system can test smaller large volumes of raw fiber, yarn or fabric before they are finally converted to the finished product. Applied DNA Sciences Inc (NASDAQ:APDN) will also retain samples under the program to further test and run full forensics whenever required by the licensees.

Turn Key Solution

The system and technology is amazing as it presents a turn-key solution for the textile industry. It also allows for a higher volume of testing which in turn validates the technology and creates consumer confidence. The forensic authentication involved will help ensure that companies re compliant with regulations and all applicable laws. The on-site platform goes hand in hand with Applied DNA Sciences Inc (NASDAQ:APDN)’s screening platform and provides valuable proof as to the origin or authenticity of the original materials. The industry often comes under fire as counterfeit producers get more apt at producing realistic counterfeit replicas of many textiles and fibers.

Technicals

The stock is currentlytrading in a channel and needs to take out $4.422 to make a move of any significance. Support is strong here and there is not much between it and the recent highs it set towards the end of 2014. If volume picks up and momentum continues it should revisit the $6-$7 range soon.

About the Author

Adam is a staff reporter for US Markets Daily Publications & Media, covering foreign affairs and domestic policy.

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