Applied DNA Sciences, Inc. (APDN) signs contract with Safe Solution AB

Posted on: Thursday, February 18th, 2010
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Applied DNA Sciences, Inc. (OTCBB: APDN), provider of DNA-based security solutions, today announced that the Company has entered a three-year contract with Sweden-based Safe Solutions AB, to market and sell SigNature DNA Forensic products and services to the Scandinavian market. This news marks yet another milestone for Applied DNA, which has enjoyed a 33 percent increase in share prices since the start of the new calendar year.

Leif Svensson, Chief Executive Office of Safe Solution AB, brings years of experience of cash-in-transit security, as former CEO of G4S Cash Services and as former Chief Security Officer at Swedish airports Arlanda and Bromma.

Commenting on the collaboration, Svensson stated, “Applied DNA Sciences has developed a fantastic concept, based on its unique botanical SigNature DNA, which will definitely hamper and prevent serious crime. Initially we are launching SigNature DNA in the cash and banking sectors but this is a security solution with large and multiple uses, such as for domestic protection, cargo protection and storage, which are important national concerns in Sweden”.

Safe Solution plans to introduce SigNature DNA products immediately in Sweden, while promoting Applied DNA’s technology, consisting of its unique botanical DNA taggant combined with its proprietary cash degradation dye, AzSure™. With the same technology, Safe Solution is planning to launch enterprise security and home protection products for end-consumers.

In recent years, Sweden has experienced increasingly frequent and violent crimes, and statistics from the European Security Transport Association (ESTA) show that Sweden ranks third with regard to the number of cash transport robberies in relation to population. Furthermore, Sweden accounts for one tenth of the total capital losses in cash transport robberies in Europe.

Applied DNA Sciences CEO, Dr. James Hayward believes this strategic partnership will provide a significant deterrent to such crimes, stating, “SigNature DNA has already proven its value in other European cash-in-transit markets where it has been used to assist the police in catching and prosecuting criminals, securing longer sentences than might otherwise have been possible.”

Hayward continued, “With this significant partnership and working in close collaboration with the National Police, we will be able to contribute to reducing cash-in-transit crimes and protecting the Scandinavian public from illicit crimes.”

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Category: Defense Stocks, OTCBB
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