Applied DNA Sciences

On cotton, new capital and comebacks to come

By GREGORY ZELLER // Capital infusions and superstar strategic advisors couldn’t save Applied DNA Sciences from another bottom-line beating in the first quarter of Fiscal 2017 – but the biotech appears ready to punch back. Reporting Thursday on the quarter ended Dec. 31, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist noted $903,000 in quarterly revenues – down 32 percent from the $1.32 million reported in 1Q FY2016, and 45 percent from the $1.64 million reported in 4Q…


Former NYPD commish Kelly joins Applied DNA

By GREGORY ZELLER // Another household name has joined the Applied DNA Sciences advisory board, this time to bulk up the biotech’s law-enforcement vertical. Former New York City Police Commissioner Raymond Kelly, currently vice chairman of New York City-based cyber-intelligence firm K2 Intelligence, has joined the company’s Strategic Advisory Board, Applied DNA said Tuesday. Kelly, the first person to serve two terms as NYPD commissioner and the longest-serving commissioner in department history, brings a wealth…


PepsiCo exec gives Applied DNA another slugger

In another strong recruitment targeting a specific market vertical, Applied DNA Sciences has welcomed PepsiCo’s vice chairman to its Strategic Advisory Board. Mehmood Khan – also a former PepsiCo executive VP and chief scientific officer, as well as CEO of the Westchester County-based international branding titan’s Global Nutrition Group – will lend his expertise as Applied DNA attempts to expand its supply-chain, anti-counterfeiting and anti-theft technologies to the food production, packaging and delivery markets. Khan’s…


Battling European auto thefts, and the bottom line

By GREGORY ZELLER // Holiday gift guide update: The once-mighty “Grand Theft Auto” videogame series no longer cracks most-wanted lists on the top gaming consoles. Newsflash: The real thing has also lost some luster across northwestern Europe, where Applied DNA Sciences’ SmartDNA security solutions are contributing to major vehicular-theft declines – and sending a growing gang of international grand thieves to the clink. On a “quest to protect automobiles in Scandinavia,” the Stony Brook-headquartered provider of DNA-based supply-chain,…


Following big deal, Applied DNA gets defensive

By GREGORY ZELLER // Just a week after closing a $5 million stock deal with a single private investor, Applied DNA Sciences is enlisting big-time with the U.S. military. This week, the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist announced back-to-back deals for its flagship SigNature DNA product, both with armed-forces implications. The first deal involves microcircuits for the U.S. Defense Logistics Agency, the Department of Defense’s combat logistics command center. The second is…


Applied DNA Sciences closes $5 million stock deal

Applied DNA Sciences has closed a roughly $5 million deal with “a single healthcare-dedicated institutional investor,” the company announced late Monday. The Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist first announced the private placement Nov 2. Company officials could not be reached for comment Monday night. The private investor has purchased more than 2.27 million shares of Applied DNA Sciences common stock at $2.20 per share, for a total price of $4.99 million. The…


The Debrief: Bob Catell’s newest application

Robert Catell has taken a board seat at Stony Brook-based anti-counterfeiting biotech Applied DNA Sciences, the latest addition to a résumé overflowing with executive accolades. A former chairman of KeySpan and National Grid’s U.S. operations, the current chair of the New York Smart Grid Consortium and SBU’s Advanced Energy Research and Technology Center boasts decades of energy-related experience on all levels – knowledge that could prove key as Applied DNA eyes a lucrative new vertical….


Applied DNA Sciences lands energy vet Catell

A major-league energy veteran with global pop will help guide Applied DNA Sciences’ approach to power-grid protection. The Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist has appointed Robert Catell to its Board of Directors. It’s a big get for the biotech, which develops and markets botanical-DNA-based security and authentication solutions, and a departure of sorts for Catell, who is arguably known best as the one-time chairman of both KeySpan Corp. and National Grid’s U.S….


Waiting on ginning season, Applied DNA dips

Stony Brook-based Applied DNA Sciences reported another down quarter Thursday, with company officials blaming declines on shifting demands for the biotech’s proprietary security solutions. Reporting results for the third quarter of its fiscal 2016, which ended June 30, the company noted revenues of $653,000, a 71 percent dive from the $2.3 million reported in 3Q FY2015. The lower revenues – which actually bested the $573,000 reported in 2Q FY2016, which ended March 31 – were…


Applied DNA, Melville startup in doc deal

By GREGORY ZELLER // Applied DNA Sciences has its eyes on sensitive government documents and critical legal evidence. The Stony Brook-based supply-chain, anti-counterfeiting, anti-theft and product-authentication specialist has signed a deal with R&R Partnership Enterprises, a Melville-based provider of forensic evidence-gathering and protection tools. R&R Partnership Enterprises, dba Hold That Scene, provides comprehensive “forensic response kits” for police patrols and fire investigators and basic crime-scene kits for commercial and private use. The company also offers…


Applied DNA Taking it to Swedish car thieves

By GREGORY ZELLER // Let this be a warning to Swedish car thieves: Applied DNA Sciences is on the case. Through Safesolutions AB (bring your Swedish or try the Google Translate version), the Stony Brook-based supply-chain, anti-counterfeiting, anti-theft, product-genotyping and product-authentication specialist is now applying its flagship SigNature DNA products to luxury cars imported into Sweden. Safesolutions, Applied DNA Sciences’ Swedish distributor, has inked a contract with Swedish importers that will mark a minimum of…


Applied DNA inks $2.5M federal contract

By GREGORY ZELLER // Biotech firm Applied DNA Sciences has announced a new $2.5 million contract with “a U.S. government agency” covering the use of its flagship SigNature DNA security and authentication products – the first deal of what’s shaping up as another big fiscal year for the Stony Brook-based startup. The contract is actually a blanket purchase agreement that runs through March 2021 and has two distinct purposes: to facilitate the sale of existing…


Diversification nips Applied DNA numbers

It wasn’t a record quarter, but Applied DNA Sciences maintained momentum and stayed true to its ongoing diversification strategy in the first quarter of Fiscal 2016. That according to James Hayward, president and CEO of the Stony Brook-based biotech firm, which this week reported results for the quarter ended Dec. 31. While Applied DNA Sciences snapped its streak of consecutive quarters with record-setting revenues at four, reported revenues were up compared to 1Q FY2015, reflecting…


Another, yawn, record quarter for Applied DNA

Another quarter, another revenue record for Applied DNA Sciences. Chief Executive Officer James Hayward’s Stony Brook biotech firm, which provides unique DNA-based anti-theft and product-authentication solutions, announced FY2015 fourth-quarter earnings highlighted by a 76 percent jump in revenues over the company’s fiscal third quarter and a noteworthy 571 percent earnings increase over 4Q 2014. The revenues increase was attributed primarily to sales to textile-industry companies looking to secure global cotton-supply chains, as well as revenues…


Applied DNA takes on missile defense

By GREGORY ZELLER // The U.S. Department of Defense is calling on Applied DNA Sciences to secure the electronic guts of the nation’s missile-defense systems. As part of a two-year contract with the Pentagon’s Missile Defense Agency, the Stony Brook-based biotech firm is partnering with Hi-Rel Group, a Connecticut manufacturer of highly specialized metal components for what’s known as microelectronic packaging, to produce seals marked with SigNature DNA, Applied DNA Science’s flagship authentication product. Specifically,…