Healthcare Equipment and Services Information Technology (IT) Technology Hardware and Equipment

United States Applied Tender

📄 Tender ID: 459778720 📅 Published: 02 Feb 2021

📋 Tender Overview

Applied DNA Sciences Inc. the Company a leader in Polymerase Chain Reaction PCR-based DNA manufacturing today announced the signing of a definitive agreement with TruTrace Technologies Inc. TruTrace developer of a fully-integrated blockchain platform for the legal cannabis food and pharmaceutical industries to approach the cannabis industry with an integrated solution comprised of Applied DNAs CertainT platform and TruTraces StrainSecure platform to deliver a complete cannabis product validation and authentication platform differentiated in the marketplace by linking together the power of proprietary SaaS platforms blockchain and molecular tagging technology to create a secure ecosystem which provides end-to-end traceability and full transparency.The companies have entered into a Strategic Alliance Referral and Technology Integration Agreement the Agreement that allows each company to introduce the other into existing accounts prospects as well as cultivate new joint opportunities. The Agreement also calls out the integration of the companies respective platforms through APIs to exchange data elements as part of the complete chain of custody solution from source materials to product on the shelf. There is a mutual payment structure in place as engagements are brought online.TruTraces blockchain-based SaaS software is designed to guarantee product quality and strain genetics throughout global supply chains. Protecting consumers and brands from contaminants and counterfeiting is a key benefit of the platform under development. Shoppers Drug Mart Canadas largest retail pharmacy chain currently uses TruTraces platform as its underpinning technology infrastructure for traceability and accountability associated with its medical cannabis program.Applied DNAs CertainT platform provides the physical tagging of cannabis products using a unique molecular tag to represent the brand and product. That tag is then tested at key nodes within a domestic or international supply chain. All of this authentication and chain-of-custody data is captured in the CertainT portal which under the Agreement will be integrated with the TruTrace platform. The molecular tag can be applied to cannabis plants oils lotions tablets edibles and packaging to serve as an immutable indicator of authenticity origin and provenance.We believe there are clear benefits for collaboration by our two companies to deliver a complete end-to-end solution to cannabis companies. We believe our combined solution will protect our clients brands and IP while also assuring the consumers use authentic and safe products said Dr. James A. Hayward president and CEO Applied DNA.Robert Galarza CEO TruTrace said Partnering with Applied DNA is a natural progressing of our go-to-market strategy to align ourselves with best of breed technology solutions to bring additional value to our customers and the industry as a whole. CertainT is the perfect technology complement to our platform providing that extra level of true transparency and traceability the industry needs as we enter the next phase of legalized cannabis across the globe.

🔍 Key Information

📄
Tender Reference No.
459778720
📅
Publication Date
02 Feb 2021
🌐
Sector
Healthcare Equipment and Services
📝
Notice Type
News
📍
Location
United states

📁 Documents & Downloads

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🏷️ CPV

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🕒 Submission deadline
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days remaining · 02 Feb 2021
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🧭 Quick Facts

Authority N/A
Country United states
State / UT N/A
Tender Type Procurement News
Currency N/A
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