Applied DNA Sciences
Applied DNA Sciences, Inc. (NASDAQ: APDN) 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.
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| Public | |
| Traded as | NASDAQ: APDN |
| Headquarters | Stony Brook, New York |
Key people | James A. Hayward (Chairman and CEO) |
| Website | adnas.com |
The company's DNA-based technology is utilized in a variety of industries including: textiles/fashion,[1] wine, musical instruments,[2] and electronics. Luxury goods manufacturers use these products to identify counterfeit consumer goods and to ensure their products' authenticity, helping, in part, to stem the flow of counterfeit goods and eliminate the slavery that is often implicit in the production of fake goods.
From a cybersecurity perspective, counterfeit microchips have become a national security concern for the United States,[3] and this development is creating a sense of urgency around the topic of counterfeit prevention. As recently as July 7, 2011, The House Committee on Oversight and Government Reform held a hearing, entitled, "Cybersecurity: Assessing the Nation's Ability to Address the Growing Cyber Threat".
Just prior to these hearings, Applied DNA Sciences' products were vetted in a pilot program by the Defense Logistics Agency of the Department of Defense, where their technology succeeded in distinguishing between counterfeit and authentic microchips 100% of the time.[4]
References
- Elizabeth Holmes, The Finer Art of Faking It,The Wall Street Journal Online, 6/30/11
- G.M. Jameson, Martin Guitars to Protect Against Counterfeiting with DNA Science, Guitar-Muse
- Adam Rawnsley, Fishy Chips: Spies Want to Hack-Proof Circuits, Wired, 6/24/11
- Applied DNA Sciences Successfully Marks Mission-Critical Microchips for the Department of Defense in EIN Presswire Archived September 29, 2011, at the Wayback Machine