Company Expects Growth in Traceable Tagged Cotton Market Due to UFLPA
Applied DNA Sciences recently received a first request for traceable tagged cotton "that is directly attributable to the recent passage of the Uyghur Forced Labor Prevention Act," the company said in an earnings news release. The company's CertainT platform is…
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described as allowing for raw materials and products to be traced through unique molecular identifiers. "Our team has presented to many members of Congress, Federal agencies, and Committees regarding the utility of our platform in enforcing the Act," the company said. "Though not expected to be material to revenue in the current fiscal year, the shipment anticipates a global brand’s multi-year commitment to our CertainT platform through a scaled deployment across its many supply chains. We believe that the passage of the Act is a trigger point for the wider adoption of our CertainT platform that holds the potential for molecular taggant sales for textile fiber applications to become a second material revenue stream," it said. "With less than 45 days before the Act goes into force, we believe interest in CertainT by brands and their supply chains has never been higher.”