Applied DNA Sciences, Inc. has shown spectacular growth in the recent trading sessions. It has increased from $0.03 to a current value of $0.15. The growth has shown explosion ever since the company has announced that Vattenfall Eldistribution AB, the provider of about 50% of electricity to Sweden, has adopted their smartDNA platform.
APDN provides botanical DNA based security and authentication solutions. Through this, they can help in protecting brands, products and intellectual properties of government and consumers from theft, diversion and fraud. As the company’s product can not be copied, it provides a forensic chain of evidence which can be used to authenticate originality.
Applied DNA Sciences, Inc. has traded up to as high as $3.50 over a decade ago. It has been trading on OTCBB for several years. The company has strong technicals and revenues. After the announcement of financial results by the provider of DNA based anti counterfeiting technology and product authentication solutions, the stocks have exploded.
Other than steady accumulation, another factor behind this growth is that the rumor got confirmed that APDN has been named as the provider of authentication services for microcircuits which are supplied by defense contractors by the DoD Defense Logistics Agency.
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It is evident that the there is increasing need and demand for Applied DNA Technology. The stock of this company stayed off the radar for some time but by the looks of it, it is growing big and fast. With heavy accumulation, APDN Is aimed for a significant breakout to higher levels. With the current situation, the stocks of this company should be on the list of all investors.