Applied DNA supplier for Defense
The U.S. Department of Defense has said it is now requiring all of its microcircuit suppliers to embed the high-tech devices with anticounterfitting stamps manufactured by Applied DNA Sciences Inc. of Stony Brook.
The move, announced this month, could be a boon for the struggling startup, which posted a $1.4 million loss this week for its third fiscal quarter. Applied DNA's president and chief executive, James A. Hayward, said the requirement will impact hundreds of companies, including some of the world's largest microcircuit makers.
“We are already receiving numerous inquiries,” Hayward said Thursday in a letter to investors. Applied DNA, with 25 employees, marks microchips and other products with plant DNA that cannot be duplicated.
The company has struggled to turn a profit since its founding in 2002. Its stock jumped about 22 percent Thursday, to 7 cents a share, after Hayward told investors about the Department of Defense's requirement.
Sarra Sounds Off Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
Sarra Sounds Off Ep. 35: EI baseball, girls lacrosse and plays of the week On the latest episode of "Sarra Sounds Off," we look at East Islip baseball's inspirational comeback story, Jared Valluzzi has the plays of the week and Tess Ferguson breaks down the top defensive players in girls lacrosse.
