Applied DNA Sciences and Patronus Systems Ltd Sign Five-Year Exclusivity Agreement

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Go back to Applied DNA Sciences and Patronus Systems Ltd Sign Five-Year Exclusivity Agreement

Applied DNA Sciences (APDN), Patronus Systems Enter Five-Year Agreement Covering SigNature DNA

September 17, 2015 6:25 AM EDT

Applied DNA Sciences (NASDAQ: APDN) signed a five-year exclusivity agreement with Patronus Systems Ltd, a company based in West Sussex, UK, Under the terms of the agreement, Applied DNA Sciences will supply its SigNature DNA for use with Patronus Systems' new bonding agent for the Cash Handling Industry.

The bonding agent is very efficient and uses a relatively small amount of liquid per ATM cassette / cash container. Once activated, it bonds bank notes together, forming a solid block within seconds. Approximately 60 percent of the bank notes are bonded, allowing National Banks... More