Applied DNA Ships $1.15 Million Order in Fiscal 2018 Third Quarter to Tag Initial Cotton Harvest
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STONY BROOK, N.Y.--(BUSINESS WIRE)--Jul 17, 2018--Applied DNA Sciences, Inc. (Nasdaq:APDN) (“Applied DNA” or the ”Company“), today announced that it received and shipped a $1.15 million order in its fiscal 2018 third quarter ended June 30, 2018 to tag cotton in the upcoming 2018/2019 ginning season. The order for the Company’s SigNature T ® platform technology will be used to tag, test and track three US cotton varietals, Pima, Acala and Delta.
“We are pleased that ongoing efforts to build the market for tagged, traceable and sustainable cotton are converting into new orders across all three main US varietals, reflecting recurring use of tagged cotton across the home textile category,” said Dr. James A. Hayward, president and CEO of Applied DNA. “As brands and retailers continue to deploy strategies and technologies to ensure brand protection, label compliance and consumer assurance, our molecular taggant technology platform is ideally positioned to protect their supply chains by providing assurance of quality and provenance, and helps brands guarantee claims with certainty.”