Applied DNA Sciences, a provider of DNA-based anti-counterfeiting technology, has expanded its office, production and laboratory space and increased its personnel.
The expansion reflects the company's continued worldwide growth in production capacity, technology advancement and global customer support. Those factors are also seen in a steady rise in shipments of its DNA products, the core technology around which the company's authentication services are built.
The company's brick-and-mortar footprint has increased by well over 50 percent over the last year. The company has added nine positions in that time.
Dr James A. Hayward, president and CEO of APDN, pointed out that the expansion has been driven in part by product shipments. ‘By the end of December, 2011, we recorded a substantial increase in our monthly shipments of DNA; as a result, our last two previously announced quarters were each record-setters. Incremental demand should be sustained as new opportunities are addressed.
‘In addition to the current growth we are experiencing across the firm, our LMI-managed microchip project is leading the DOD's Defense Logistics Agency to seriously consider mandating SigNature DNA for microcircuits. We are confident we can support a DOD mandate and continue to source additional candidates as this effort might expand.
‘In addition, the initial responses to our new product lines, smartDNA and digitalDNA, have been encouraging. Our management team felt it appropriate to grow our resources at this time.’