Applied DNA Extends Textiles Bus. to Include Global Down & Feather Supply Chain in Partnership with Industry Leader Navarpluma
September 05 2019 - 4:30AM
Business Wire
Brings
Traceability to Industry Growing at 7.5% CAGR1; Navarpluma to Offer
SigNature® DNA to Manufacturing Customer Base
Applied DNA Sciences Inc. (NASDAQ: APDN) (“Applied DNA”, the
“Company”), a leader in PCR-based DNA manufacturing for product
authenticity and traceability solutions, announced today a sales
and marketing partnership with Navarpluma that extends Applied
DNA’s Textiles business to include the global down and feather
supply chain1.
Formalization of the partnership between the two companies
follows the completion of a groundbreaking technological advance by
Applied DNA to utilize its SigNature® DNA system to allow for
traceability of materials in the down and feather industry.
Navarpluma S.L., one of the world’s premier suppliers of down and
feathers to the textile industry, will be the first to offer this
new system to its customer base that counts some of the world’s
most prestigious brands as clients.
“Use of Applied DNA’s SigNature DNA system gives Navarpluma the
ability to validate the provenance of raw materials used. This
ability conveys a significant competitive advantage to our products
in the marketplace and to those products manufactured from our raw
materials,” stated Benjamin Dix, Export Manager at Navarpluma. “We
are very pleased to pioneer Applied DNA’s SigNature DNA system in
our industry to establish a new gold standard for traceability that
can be relied on by our clients and their customers.”
Tony Benson, Applied DNA’s managing director for EMEA, stated,
“An industry leader, Navarpluma’s reputation in the market is that
of an innovative and forward-thinking supplier known for employing
new advances in technology to improve their products for their
clients. Traceability has been a key goal for them over the past
several years, and with their use of the SigNature DNA system -
SigNature DNA forensic molecular tag together with hand-portable
SigNify® in-field testing equipment aggregated under our CertainT®
brand– enables an industry first: the full traceability of down and
feathers. Being first-to-market with end-to-end traceability of its
supply chain should attract new clients to Navarpluma while also
creating stickier relationships with its customer base.”
This is Applied DNA’s first foray into the growing down feather
market, which was valued at USD $5.9 Billion in 2017 and is
expected to reach USD $10.25 Billion by the end of 2025, with a
CAGR of 7.5% between 2017 and 20251.
About Navarpluma
In 2002 the French businessman Olivier Martin, with almost two
decades of experience in the family feather and down business
created by his forefathers in 1859, which he joined straight after
finishing his International Business and Business Administration
degree, decided to go it alone and take the helm of Navarpluma, a
newly created company (2001).
In 2004 Navarpluma built a new modern factory in Orcoyen,
Northern Spain, allowing them to take an important technological
and organizational leap forward, unique in the world of
feather.
Working with the French company Ets Abel Crabos and with new
state of the art facilities and the most advanced technology for
down and feather production, Navarpluma are now able to market
around 5,000 tons of the best feather and down material per year to
clients around the globe.
About Applied DNA Sciences
Applied DNA is a provider of molecular technologies that enable
supply chain security, anti-counterfeiting and anti-theft
technology, product genotyping and pre-clinical nucleic acid-based
therapeutic drug candidates.
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.
Visit adnas.com for more information. Follow us on Twitter and
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Common stock listed on NASDAQ under the symbol APDN, and
warrants are listed under the symbol APDNW.
Forward-Looking Statements
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 its history of net losses, limited financial
resources, limited market acceptance, uncertainties relating to its
ability to maintain its NASDAQ listing in light of delisting
notices received, 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 18, 2018 and our subsequent
quarterly report on Form 10-Q filed on August 13, 2019 and other
reports we file with the SEC, 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.
1
https://www.globenewswire.com/news-release/2018/03/27/1453318/0/en/Down-Feather-Market-to-Exceed-USD-10bn-and-growing-at-a-CAGR-of-7-5-between-2017-and-2025.html
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version on businesswire.com: https://www.businesswire.com/news/home/20190905005070/en/
Investor contact: Sanjay M. Hurry, LHA Investor
Relations, 212-838-3777, shurry@lhai.com Program contacts:
Tony Benson, 44 (0) 7552 429341, tony.benson@adnas.com Web:
www.adnas.com Twitter: @apdn
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