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Binghamton University S3IP Center and Applied DNA Sciences Partner on DNA Authenticity Technologies for MicroelectronicsWill Research, Commercialize Applications for Aerospace, Defense (June 04, 2012)
BINGHAMTON, NY and STONY BROOK, NY -- (Marketwire) -- 06/04/12 -- The New York State Center of Excellence in Small Scale Systems Integration and Packaging at Binghamton University (S3IP), New York, and Applied DNA Sciences, Inc. (OTCBB: APDN) today announced the signing of a Memorandum of Understanding calling for collaboration on microelectronics research and commercialization, and other projects. The two organizations aim to embark on various projects, including further advancements in Applied DNA Sciences' forensic authentication and security technologies.
The partnership capitalizes on the skilled staff and advanced facilities at S3IP, combined with the technology, business experience and product lines of APDN. It comes at a time when the defense industry is searching for new ways to battle the increasing number of counterfeit electronics that have flooded both consumer and the military markets. The partners will aim to commercialize the resulting applications, with the potential to impact the estimated $3.1 billion annual flow of semiconductors to the U.S. military(1) and a global commercial market in semiconductors valued well in excess of $300 billion.
The new partnership was welcomed by United States Senator Kirsten Gillibrand (D-NY) who said, "New York is poised to lead in the high-tech economy of the future. When we partner our world class universities and research laboratories with cutting-edge businesses like S3IP in Binghamton and Applied DNA Sciences on Long Island, we can spark new innovation with the power to protect our defense technology, keep our country safe, and attract new businesses and new jobs to help grow our economy."
APDN, a leading security and authentication firm based in Long island, NY, and S3IP, which focuses on research and development in small scale systems, envisage accelerating APDN's commercial applications, filing new grant proposals, and advancing new research. The partners will develop a joint research program to develop new and ways to embed and authenticate DNA on various substrates. The advances are aimed at extending the company's botanically derived DNA technology to new verticals and to future needs. According to the Memorandum of Understanding signed by The Research Foundation for the State University of New York, whose office is located at Binghamton University Office of Sponsored Programs, and by APDN, the partners will aim to scale up new methods for SigNature DNA incorporation into and onto a variety of materials.
The program may also involve testing of marked packaging of microchips in coordination with APDN partners, and explore advances in rapid reading solutions for screening chips in varying scenarios.
"S3IP works in partnership with government, academia and industry to enable new electronics applications for energy, healthcare, telecommunications and consumer applications, and defense industries," said Bahgat Sammakia, interim vice president for research, and director of S3IP at Binghamton University. "We are excited about this partnership with Applied DNA Sciences, which will enable new research opportunities for our faculty, staff and students. This program is just one example of the benefits of working in collaboration with industry, the results of which will bridge our expertise in biotechnology and information technology to enable new opportunities for ensuring the security of our nation's electronic systems."
Said Dr. James A. Hayward, President and CEO of Applied DNA Sciences, "Our collaboration with Binghamton University extends our commitments to collaborative research with NYS universities, including our current work with Stony Brook University, and the College of Nanotechnology Science and Engineering at the University of Albany. Combined with Long Island's heritage in DNA science and in the defense industry, we could not be in a better strategic location to extend our biotechnologies for microelectronics."
About The New York State Center of Excellence in Small Scale Systems Integration and Packaging at Binghamton University (S3IP)
The Small Scale Systems Integration and Packaging (S3IP) Center is an academic research organization that enables new electronic applications and devices to improve the way people live and interact with their environment. The Integrated Electronics Engineering Center (IEEC), which a component of S3IP, is a New York State Center for Advanced Technology and is focused on electronic packaging.
Located at Binghamton University, these centers bring together partners from government, industry and academia to provide opportunities for collaborations that will advance microelectronics research and development. S3IP was designated as a New York State Center of Excellence in 2006.
APDN is a provider of botanical-DNA based security and authentication solutions that can help protect products, brands and intellectual property of companies, governments and consumers from theft, counterfeiting, fraud and diversion. SigNature® DNA and smartDNA®, our principal anti-counterfeiting and product authentication solutions that essentially cannot be copied, provide a forensic chain of evidence and can be used to prosecute perpetrators.
Forward Looking Statements Disclaimer
The statements made by APDN may be forward-looking in nature. Forward-looking statements describe APDN'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 APDN. Actual results could differ materially from those projected due to our short operating history, limited financial resources, limited market acceptance, market competition and various other factors detailed from time to time in APDN's SEC reports and filings, including our Annual Report on Form 10-K, filed on December 8, 2011 and our subsequent quarterly reports on Form 10-Q. APDN 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.
(1) Report of the Office of the Secretary of Defense, Office of Cost Assessment, p.4, Link:
Contact Information for Binghamton University:
Mary Beth Curtin
Web site: http://www.binghamton.edu
Contact Information for Applied DNA Sciences:
Web site: http://www.adnas.com
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