Under the terms of the MoU, Applied DNA will deploy Isotech's isotopic analysis as a confirmatory assay for cotton genotyping, the process through which cotton DNA is utilized to determine cotton fiber and fabric origin forensically.
The companies will support business development opportunities for cotton traceability and will continue to build and compile a global database of cotton, yarn, and fabric samples.
A definitive agreement is expected to be followed between the companies, Applied DNA said.
Price: 5.04, Change: -0.20, Percent Change: -3.73
|Street Color: Global Calendar For Week Ending May 20|
|Ryder System Receives $4.4 Billion Cash Buyout Propo...|
|Payoneer Shares Rally After Q1 Beats Expectations, 2...|
|Market Chatter: Alibaba Group's Venture in Russia Re...|
|Research Alert: CFRA Raises View On Paycom Software ...|