Page 14 - July-August-2017

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Applied DNA to tag
cotton for 2017/18 US
ginning season
The Applied DNA provides services regarding
DNA-based supply chain security,
anti-counterfeiting, and anti-theft technology. The
company has recently gained an order to tag
27.5 million pounds of cotton for 2017/18
ginning season. The project is for three US
cotton varietals. The three varietals are Pima,
Delta and Acala, which fall under the PimaCott,
HomeGrown LoneStar, and HomeGrown Acala
programs. The company is expecting to ship
SigNature T DNA to mark 27.5 million pounds of
cotton before the end of June 2017.
The president and the CEO of the Applied DNA,
Mr James A. Hayward said that; “Now in our
third season, Applied DNA’s SigNature T DNA
has been meeting the need for supply chain
traceability, transparency, and trust within the
cotton industry ecosystem with national retailers,
their supply chain partners, and consumers. We
are proud to continue to tag, test, and track
cotton for the 2017/2018 ginning season.”
Proceeding further to his discussion he added
that; “This order demonstrates our success in
further entrenching SigNature T DNA in an
established revenue-generating vertical and in
extending the adoption of our proven technology
platform. Although we cannot predict the timing
of follow-on orders, conversations with our
customers lead us to believe that additional
opportunities to tag cotton during the 2017/2018
ginning season are likely.”
For the mentioned order the customer has
agreed on enhanced customary and favourable
payment terms, which will allow earlier
recognition as compared to the past orders. The
new order is incremental to DNA concentrate to
tag 30 million pounds of cotton that was shipped
during fiscal 2016 to establish an on-site reserve
of SigNature T DNA before the harvest begins.