Applied DNA Sciences, a provider of DNA-based supply-chain, anti-counterfeiting and anti-theft technology, product genotyping and product authentication solutions, announced that it has been awarded a contract to provide its increasingly popular metal marking product to one of Europe’s leading electricity providers. The contract, which has recently been signed by one of the company’s key distributors of security products, is for a period of two years with an option to extend for a third year and is estimated to be valued at between $130,000 and $260,000 per annum.
Applied DNA’s technology can protect vital grid infrastructure from damage by copper thieves, a global concern to all managers of train and power distribution systems. The solution provided by Applied DNA and the key distributor combines the latest available technology to protect metal from theft with a very easy and quick application method to reduce costs for the client. A unique and permanent DNA mark is applied to the metal, which forever associates the specific copper directly to a specific crime. Use of the same product in similar industries has resulted in the reduction of security incidents by over 80%.
Commenting on the contract, Tony Benson, Managing Director for Applied DNA Sciences Europe, said, “As news of our products grows across Europe, I expect to be awarded more contracts in the future. This particular product is designed to make it easy and quick for clients to deploy saving them time and money, which is important for them. We believe they are using the very best technological solution available to them.”
Applied DNA Sciences’ Security and Asset Marking applications continue to gain momentum as a unique solution to combat crimes using innovative technologies and forensic authentication methods to convict criminals and deter the crime from occurring in the first place.