Partnership to accelerate product development and path to market within manufacturing supply chains, including leather
Stahl, the world leader in process chemicals for leather products, performance coatings and other substrates announced today the signing of a non-binding Memorandum of Understanding (MOU) with Applied DNA Sciences Inc. (NASDAQ: APDN), a leader in polymerase chain reaction (PCR)-based DNA manufacturing for product authenticity and traceability solutions. The MOU is expected to be followed by a definitive agreement.
Under the terms of the MOU, the parties will continue the evaluation of molecular tagging of process chemicals and coatings utilizing Stahl’s product offerings as a point of entry into supply chains for Applied DNA's molecular tags. Stahl will provide technical expertise to the company relating to the process chemicals used in leather manufacturing.
Michael Costello, Director of Sustainability at Stahl, said: “We see a bright future for molecular tagging. Leather is just one of many industries which could benefit by having the capability to improve traceability. As a process chemical manufacturer, we are a logical point of entry into a whole range of supply chains for Applied DNA’s molecular tags.”
Dr. James Hayward, President and CEO of Applied DNA, said, “Stahl’s global sales and support footprint, coupled with broad access to its customer base that spans global brands and their supply chains, makes it an ideal partner through which to expand, implement and support our CertainT® authentication and traceability platform. We believe this partnership should accelerate our entry into the leather market. We look forward to a long and productive relationship with Stahl.”
Note for the editor:
For more information please contact:
Anne ter Braak,Communication Manager Stahl
T +31 416 689 259
M +31 611 514 839
Stahl is the world leader in leather chemicals and high-performance coatings. Our products provide functionality, durability and comfort to many different materials used in everyday life. Through our continuous focus on innovation and improving the environmental footprint, Stahl adds value to differentiated high-end industries with a unique service model for premium solutions. As part of its corporate responsibility, Stahl is actively driving change in the industry by initiating activities that promote transparency and to provide environmental solutions for the supply chain, involving close collaboration with its partners.
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 DNA mass production for diagnostics, personalized medicine and therapeutics. 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 LinkedIn. Join our mailing list. Common stock listed on NASDAQ under the symbol APDN, and warrants are listed under the symbol APDNW.