Benzinga | May 5, 2021 09:09AM EDT

Applied DNA Signs Contract With US Defense Logistics Agency With Maximal Value Of $1.04M

Applied DNA Sciences, Inc. (NASDAQ:APDN) (Applied DNA or the "Company"), a leader in Polymerase Chain Reaction (PCR)-based DNA manufacturing, today announced it has entered into a new contract with the Defense Logistics Agency's (DLA) Land and Maritime's Product Test Center (PTC) in Columbus, Ohio. The firm fixed-price, indefinite delivery contract (IDC) provides for a maximal contract value to the Company of $1.04 million over an up to five-year performance term. Applied DNA was awarded the original contract in 2014, with the primary objective of supporting the DLA's counterfeit mitigation initiatives, and product verification and testing programs specific to FSC 5962 microcircuits. The newly awarded contract outlines the Company's provision of supplies and services, including creation of unique DNA marks in various inks, QC authentication testing and training.