Applied DNA Sciences, Inc. (NASDAQ: APDN) is an American high-technology company based in Stony Brook, New York that develops and employs unique technologies for the purpose of preventing counterfeiting. The company's DNA-based technology is utilized in a variety of industries including: textiles/fashion, wine, musical instruments, and electronics. Luxury goods manufacturers use these products to identify counterfeit consumer goods and to ensure their products' authenticity, helping, in part, to stem the flow of counterfeit goods and eliminate the slavery that is often implicit in the production of fake goods.
From a cybersecurity perspective, counterfeit microchips have become a national security concern for the United States, and this development is creating a sense of urgency around the topic of counterfeit prevention. As recently as July 7, 2011, The House Committee on Oversight and Government Reform held a hearing, entitled, "Cybersecurity: Assessing the Nation's Ability to Address the Growing Cyber Threat".
Just prior to these hearings, Applied DNA Sciences' products were vetted in a pilot program by the Defense Logistics Agency of the Department of Defense, where their technology succeeded in distinguishing between counterfeit and authentic microchips 100% of the time.