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Applied DNA Signs Memorandum of Understanding with Process Chemicals Leader Stahl

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Partnership to Accelerate Product Development and Path to Market Within Manufacturing Supply Chains Including Leather

Applied DNA Sciences Inc., a leader in PCR-based DNA manufacturing for product authenticity and traceability solutions, announced the signing of a non-binding Memorandum of Understanding (“MOU”) with Netherlands-based Stahl, the world leader in process chemicals for leather products, performance coatings and other substrates. The MOU is expected to be followed by a definitive agreement.

“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.”

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 the Company’s molecular tags. Stahl will provide technical expertise to the company relating to the process chemicals used in leather manufacturing.

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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.”

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Mike 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.”

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