Applied DNA Sciences receives ESDC grant for project growth and expansion
Dec 28, 2012 (Datamonitor via COMTEX) --
Applied DNA Sciences, Inc., a provider of DNA-based anti-counterfeiting technology and product authentication solutions, has received $229,957 grant for rapid growth and expansion project from Empire State Development Corporation, or ESDC.
According to the company, the money will be used to purchase new laboratory equipment to complement the new hires necessary for the rapid growth project. This new equipment will enhance the company's DNA formulation menu especially in defense and law enforcement applications.
The company's growth and expansion project is in response to demands from multiple industry sectors, including the recent Department of Defense (DoD) Defense Logistics Agency (DLA) announcement that named APDN as the provider of authentication services for microcircuits supplied by defense contractors, the company said.
James Hayward, CEO and president of Applied DNA Sciences, stated: "I want to thank the Long Island Regional Economic Development Council, Governor Andrew Cuomo and Lieutenant Governor Robert Duffy for this award. This innovative grant program provides valuable funding at the perfect time to help APDN expand to meet growing DoD and industry needs."
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