Applied DNA enters multiyear commercialization agreement with Indus Group

Applied DNA Sciences announced the signing of a five-year license and commercialization agreement for its CertainT traceability platform with Indus Group. Indus consumes approximately 450 million pounds of cotton annually. Financial terms of the Agreement were not disclosed. CertainT is a textiles traceability platform that uses forensic, multiple-proof-point evidence to enable source and authenticity verification of materials and products at any point as they are transformed through global supply chains. Under the terms of the Agreement, Applied DNA will supply Indus with its CertainT platform for non-home, cotton-based products originating from Indus facilities in Pakistan, Egypt, and Jordan, utilizing cotton from multiple global sources. Indus will have exclusive use of the platform in these countries and non-exclusive use elsewhere. The platform encompasses spray systems, DNA taggant, taggant and genotyping testing services, devices and materials for on-site testing, and isotopic testing services. No rights to the CertainT platform with respect to home textiles were granted under the Agreement. The Company’s cotton tagging revenues have historically been tied to annual cotton harvests; tagging will now occur at Indus’s spinners, which operate year-round. The parties intend to implement the CertainT platform at multiple cotton spinning mills in Year 1 of the Agreement with a planned subsequent broader deployment based on forecasts from Indus for tagged cotton.