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Applied DNA Sciences, Palmetto Synthetics And Techmer PM Join Forces In Synthetics

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Applied DNA Sciences, Palmetto Synthetics And Techmer PM Join Forces In Synthetics

Applied DNA Sciences Inc (NASDAQ: APDN) disclosed that it has partnered with Palmetto Synthetics, "a leader in the production of high quality, specialty synthetic fiber," and Techmer PM to launch its SigNature T DNA system in synthetic fibers. The partnership also hopes to expand its presence in the athletic apparel industry and the automotive textile category.

Applied DNA Sciences president and CEO James Hayward commented, "We have been a change agent for the cotton fiber market, by bringing certainty to a complex supply chain.

"With our entry into synthetic fibers, Applied DNA Sciences is entering a market that is more than three-times larger than cotton, and is the basis of 60 percent of the global textile industry. In just one DNA tagging campaign, companies can safeguard against product recalls and liability, and elevate their business, based on high integrity, quality, and sustainability to ensure the smallest possible environmental footprint."

Related Link: Applied DNA Sciences Expands SigNature T DNA System For Cotton Supply Chain Security

Applied DNA Sciences' press report stated, "Palmetto Synthetics fiber has several uses, but was best known in the apparel, automotive and industrial applications." The company added that "fibers are used in trunk liners and throughout the interior of cars in the visible surface materials."

Similarly, Palmetto Synthetics President David Poston reacted by saying, "We have an eye to the future, and it has arrived with SigNature T DNA technology. This sets a new industry standard in assuring quality and purity at the source. SigNature T DNA ensures traceability and transparency at every stage of the supply chain, with performance and strength delivered consistently. We are honored to be working with ADNAS and Techmer, and excited about the many benefits this partnership will bring to consumers and manufacturers."

The company stated, "SigNature T DNA solution now tags natural and synthetic fibers at industrial scale, and maintains a secure chain of custody as the product moved to fiber to product to consumer from source (pellets in the case of synthetics)."

At time of writing, Applied DNA was up 6.95 percent at $3.08.

 

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Posted-In: David Poston Palmetto Synthetics SigNature T DNA synthetics Techmer PMBiotech News General