Document Security Systems Sponsors Intellectual Property Council For Automotive Aftermarket Suppliers Association
January 31 2017 - 9:00AM
Marketwired
Document Security Systems Sponsors Intellectual Property Council
For Automotive Aftermarket Suppliers Association
ROCHESTER, NY-(Marketwired - Jan 31, 2017) - Document Security
Systems, Inc. (NYSE MKT: DSS), a leader in anti-counterfeiting and
authentication solutions, today announced it has agreed to become
the annual sponsor for the Intellectual Property Council (IPC) for
the Automotive Aftermarket Suppliers Association (AASA). The IPC is
a working council within the AASA and was formed to address issues
related to counterfeiting, intellectual property theft, and
misappropriation of trademarks. DSS will take an active role in the
IPC and AASA.
Counterfeiting and other intellectual property theft are major
issues for automotive companies and parts suppliers. Counterfeiting
is a $1.77 trillion1 problem as of 2015, and automotive parts are a
primary target. DSS currently provides anti-counterfeiting
solutions to major automotive companies, which makes DSS an ideal
contributor for the Council.
"Partnering with DSS is a strategic win for the Council, AASA,
and our members," said Chris Gardner, AASA vice president of
programs and member services. "Its expertise in fighting IP theft
and counterfeiting, along with strong experience in the automotive
industry, means we have a partner that can help AASA and our
members implement effective strategies."
DSS' AuthentiGuard solution is the company's flagship
anti-counterfeiting offering. AuthentiGuard combines a secure mark
printed on product packaging with a smart phone application so
investigators, supply chain personnel, or consumers can validate
the authenticity of products. The results of scans performed in the
field are saved in a database, which the brand then uses to analyze
and identify how counterfeit product is compromising the supply
chain. With proliferating fraud threatening the safety of consumers
worldwide, AuthentiGuard allows users to protect themselves through
product authentication while simultaneously helping the
manufacturer understand the threat so they can direct resources for
remediation.
"AASA is at the forefront of helping members deal with the
proliferation of counterfeit goods and parts," according to Mike
Tobin, DSS vice president of marketing and product management.
"Partnering with such a forward thinking and committed organization
was a perfect fit for DSS. We are committed to helping eliminate
the threat of counterfeit goods especially in something as critical
as the parts industry. In the AASA, we have a partner who is
dedicated to protecting its members and the safety of consumers
around the world."
DSS will actively participate in all IP Council meetings. The
company will present at the next IP Council meeting, which will be
held March 29 in conjunction with the 2017 AASA Vision Conference
in Chicago. The topic to be presented will be Big Data & Coming
Changes in Brand Protection. For more details about the IPC and the
AASA Vision Conference, visit www.aftermarketsuppliers.org.
About Document Security Systems, Inc.
Document Security Systems, Inc.'s (NYSE MKT: DSS) products and
solutions are used by governments, corporations and financial
institutions to defeat fraud and to protect brands and digital
information from the expanding world-wide counterfeiting problem.
DSS technologies help ensure the authenticity of both digital and
physical financial instruments, identification documents, sensitive
publications, brand packaging and websites.
DSS continually invests in research and development to meet the
ever-changing security needs of its clients and offers licensing of
its patented technologies. For more information on the
AuthentiGuard Suite, please visit www.authentiguard.com. For more
information on DSS and its subsidiaries, please visit
www.dsssecure.com.
Forward-Looking Statements
Forward-looking statements that may be contained in this press
release, including, without limitation, statements related to the
Company's plans, strategies, objectives, expectations, potential
value, intentions and adequacy of resources, are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act and contain words such as "believes," "anticipates,"
"expects," "plans," "intends" and similar words and phrases. These
forward-looking statements are subject to risks and uncertainties
that could cause actual results to differ materially from the
results projected in any forward-looking statement. In addition to
the factors specifically noted in the forward-looking statements,
other important factors, risks and uncertainties that could result
in those differences include, but are not limited to, the outcomes
of any of the Company's litigation, its ability to raise capital,
and those risks and uncertainties disclosed in the "Risk Factors"
section of the Company's Annual Report on Form 10-K for the year
ended December 31, 2015, filed with the Securities and Exchange
Commission. Forward-looking statements that may be contained in
this press release are being made as of the date of its release,
and the Company assumes no obligation to update the forward-looking
statements, or to update the reasons why actual results could
differ from those projected in the forward-looking statements.
1 OECD, Magnitude of Counterfeiting and Piracy of Tangible
Products: An Update (2009).
http://www.oecd.org/industry/ind/44088872.pdf
For More Information Investor Relations Document Security
Systems, Inc. (585) 325-3610 Email: ir@documentsecurity.com
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