News-Releases Index | Applied DNA Sciences
Applied DNA Signs MOU with Tex-Ray Industrial
to Introduce CertainT® Authentication Platform to Global Textile Brands (1/28/19)
Applied DNA Sciences Inc. (NASDAQ: APDN) (“Applied DNA,” the “Company”), a leader in PCR-based
DNA manufacturing for product authenticity and traceability solutions, today announced the signing of
a non-binding Memorandum of Understanding (“MOU”) with Taiwan-based Tex-Ray Industrial Co., Ltd
(“Tex-Ray”), a pioneer in performance fabric and smart clothing for modern active lifestyles. The MOU
is expected to be followed by a definitive agreement.
Under the terms of the MOU, Tex-Ray and Applied DNA will create a Center of Excellence in Taiwan,
the industry-acknowledged hub for textiles innovation to: integrate Applied DNA’s CertainT tag, test
and track authentication platform into new product development of yarns, finishes and fabrics; for
designing streamlined supply chain processes to reduce time-to-market for Applied DNA products and
services; and, to grow capabilities in marketing, sales and support for servicing global customers.
Applied DNA’s CertainT molecular authentication platform for forensic authenticity and traceability
delivers brand differentiation and protection of goods whose value chains span large commercial
ecosystems and geographies. Unique in its ability to provide identity and traceability embedded in
goods themselves, CertainT is a natural fit with the technology innovations that comprise Tex-Ray’s
Dr. James A. Hayward, president and CEO of Applied DNA, stated, “As a technology innovator and
manufacturer of performance fabrics, Tex-Ray gives us entrée into established supply chains in service
of large global brands. We believe Tex-Ray’s customers - manufacturers, retailers and brands - will
benefit from our CertainT platform as a means of supporting claims in performance, sustainability and
product origin. Our Tex-Ray alliance, together with our other recently announced textile strategic
alliances, demonstrates continued execution on our strategy to engage key participants along multiple
points in the global textile value chain to more broadly drive adoption of our authentication technology
Mr. Ray Lin, Chairman of Tex-Ray, said “Our company’s mission is to be at the forefront of the smartest
clothing and highest performance fabrics. Partnering with Applied DNA furthers our mission, enabling
us to use the most reliable authentication solutions with the broadest applications.”
Wayne Buchen, vice president of Strategic Sales at Textiles at Applied DNA Sciences, said, “The Tex-
Ray strategic alliance opens a significant opportunity for Applied DNA authentication technologies to
enhance some of the most advanced fabrics and clothing on the market. We are deeply impressed by
Tex-Ray’s commitment to best practices and best textiles and look forward to a collaboration that we
believe will further transform traceability, transparency and trust in the textile industry.”
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