Applied DNA Sciences (OTC: APDN) and The Textile Center of Excellence at Huddersfield, United Kingdom, have come together to release a new platform that is aimed at providing protection to textile brands that have been suffering from malicious acts of counterfeiting. Applied DNA Sciences is an old hand at developing anti-counterfeiting technology that has a basis in DNA. They have come together under the SigNature DNA brand name.
Revolutionizing the Textile Industry
Both organizations term this new application as “revolutionary” when it comes to an industry that has been riddled with counterfeiting issues for a while now. By creating this new platform, the companies hope to protect a wide plethora of textile, accessory and apparel-related products by marking the authentic ones with DNA. This move will see wool yarns, polyester threads, fabric selvedge, cashmere yarns and woven as well as non-woven labels impregnated and DNA-imbibed. The professionals at Applied DNA Sciences and TCOE are intending to brand this labeling as being completely “unique, uncopyable, and uncompromising” when it comes to protecting textile brands from counterfeiting.
Some are asking how many jobs in China this will destroy and how many jobs and increased revenue this will preserve in the West?
About Applied DNA Sciences
Applied DNA Sciences is a company that applies the fundamentals of DNA-marking to provide services such as counterfeit protection and brand authentication by using the forensically powerful nature of DNA. The company calls the products and services it offers a “powerful and invaluable law enforcement technology”. In view of the financial damage caused by counterfeiting, it can clearly be understood why the market is ripe with need for such products and services.
The Textile Center of Excellence of Huddersfield, on the other hand, was created in 1976 with a view to bring together some of the best local textile moguls to embark upon “professional, equitable and high-quality training” standards.
Penny Stock Movement
Applied DNA Sciences is a valuable penny stock company whose shares are currently one of the most actively traded in the over the counter markets. This high volume trading penny stock has seen the results of the announcement of the new SigNature DNA Platform in the form of increased share prices. Its stock opened at $0.1812 in this trading session and closed at $0.218 per share, which is an alarming 20.3% increase in one trading session. This translates to an increase of $0.0368 for every share. The average volume of shares traded for the company in the last three months has been recorded at 1.8 million compared to today’s volume of 7.4 million.
Other Penny Stocks
Other penny stock companies that are trading in high volumes are companies like Green Energy Renewable Solutions (OTC: EWRL), which is a company specializing in development of waste processing and recycling facilities. Liberty Star Uranium & Metals (OTC: LBSR), along with its wholly owned Alaskan subsidiary company, Big Chunk, are developers and explorers of mines in Alaska. It owns the exploration rights to more than 612 state mining claims. Both companies are high volume trading entities in the OTC market just like Applied DNA Sciences.
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