Nanotech Announces New Optical Thin Film Order
August 01 2019 - 6:30AM
Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF) (“Nanotech” or
the “Company”), a leading innovator in the research, creation and
production of nano-optic structures and colour-shifting
materials used in the banknote, secure documents and brand
protection markets, announces a new order for its colour-shifting
Optical Thin Film (“OTF”) for a confidential customer.
The order is for a custom version of its OTF for
a key long-term customer. Nanotech’s premium colour-shifting
security OTF employs a unique combination of layered thin film
materials that create an overt colour shift during the
authentication process. This specialized film is produced at our
secure operations located in Thurso, Quebec. Customers can
readily convert OTF into security threads or patches for
integration into banknotes, secure documents and government IDs.
The application of OTF in this instance is a colour-shifting patch
used to authenticate government-issued IDs. The majority of this
new order will be delivered in fiscal 2019.
“Nanotech’s OTF is one of the strongest security
features available in the authentication market with a proven
twenty-year track record of being integrated into banknotes and
secure government documents,” said Brian Donnelly, Vice President
of Sales at Nanotech. “This long-term repeat customer chose
our OTF because it can be incorporated into various applications
and offers durability and the ultimate protection against
counterfeiting through colour shift and colour intensity. We look
forward to delivering another ultra-high security product.”
Canadian-based Nanotech is one of the few
manufacturers of colour-shifting OTF in the world. The
Company has a highly secure and fully equipped production facility
in Thurso, Quebec and a nanotechnology research and development
facility in Burnaby, British Columbia.
“This sale represents the early success of our
January change in strategy,” said Troy Bullock, President and CEO
of Nanotech. “We have become a company focused on near-term
revenue through the commercialization of a product line
encompassing OTF and several KolourOptik® based products
specifically targeting banknotes, secure documents, and brand
protection. By adding experienced sales leaders, we are engaging
many more customers, with a focus on shorter sales cycles and an
expanded sales pipeline. We are excited about the level of activity
we are seeing not only for OTF but also for our KolourOptik
products.”
About Nanotech
Nanotech researches, creates and produces
nano-optic structures and colour-shifting materials used in
authentication and brand enhancement applications across a wide
range of markets including banknotes, tax stamps, secure government
documents, and commercial branding.
The Company’s KolourOptik technology employs
arrays of billions of nano-indentations that can be impressed or
embossed onto a wide range of substrate materials including
polymer, paper, metal, or fabric. By using sophisticated
algorithms to direct an electron beam lithography system, the
Company creates visual images with effects such as 3D, perceived
movement, and the display of high-definition colours.
Additional information about Nanotech can be
found at the Company’s website www.nanosecurity.ca, the Canadian
disclosure filings website www.sedar.com or the OTCMarkets
disclosure filings website www.otcmarkets.com.
Nanotech Security
Corp.: |
|
Investor
Relations: |
Kelley Ryshak |
|
Sean Peasgood |
info@nanosecurity.ca |
|
sean@SophicCapital.com |
+1.604.678.5775 |
|
+1.647.699.9845 |
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Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
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