Stony Brook-based Applied DNA Sciences Inc., a company that makes anti-counterfeiting products using plant DNA, has been named a recipient of Popular Science's Best of What's New 2014 awards in the category of security.
The Long Island company was recognized for its development of SmokeCloak DNA, a security system that releases a dense DNA-infused vapor into the air following a break-in. The harmless fog sticks to burglars' clothing and skin, making them and their stolen goods easier for police to identify.
"This is an unusual design because it comes as a shock to a criminal," said James A Hayward, president and CEO of Applied DNA Sciences. "If you're on your way to a drugstore to create a crime and fog filled with DNA blasts you in five seconds, it's likely to compel you to leave."
Applied DNA and its Denmark-based partner, MSS Professional A/S, were among 100 recipients selected from a pool of thousands for the award, announced in Popular Science's December issue.
The company has struggled to turn a profit over the past decade, despite garnering interest from both the public and private sector for its work with DNA stamps that can be placed on military equipment, cash and microchips. During the first nine months of fiscal 2014, the company lost $10.96 million on revenue of $2.08 million.
Last month, the company announced a 1 for 60 reverse stock split in order to reduce its number of outstanding common shares from more than 800 million to about 13.9 million. Hayward said he believes the consolidation will make Applied DNA eligible for listing on the Nasdaq market or New York Stock Exchange. Its shares, currently traded on the OTCQB, a market for small or early-stage companies, traded at $4.35, down $1.07, or nearly 20 percent, late Thursday afternoon.