Nanotech Announces Additional Optical Thin Film Orders
September 10 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 and brand protection markets, announces two
new orders for its colour-shifting optical thin film (“OTF”) from a
major banknote and secure document integration supplier.
The first is a recurring order where Nanotech is
supplying a colour-shifting foil and the customer is converting it
into a security thread for integration into a banknote for an Asian
central bank. The second order represents new business for
Nanotech where the customer has qualified Nanotech’s OTF with a
Middle Eastern central bank. In production and scheduled for
delivery in September, both orders are expected to be annual
recurring business.
“We are honoured to be supplying our
colour-shifting OTF to this customer for the 20th consecutive
year,” said Troy Bullock, President and CEO of Nanotech. “Over the
first six months of the year we have focused on growing our OTF
business and are very encouraged to see a new banknote win with
this strategic customer.”
Nanotech’s colour-shifting OTF employs a unique
combination of layered thin film materials that create an easy to
see colour shift, such as green to gold, when the banknote viewing
angle is changed. Customers can readily convert OTF into
security threads or patches for integration into banknotes, secure
documents and government IDs. Nanotech is one of a few
manufacturers in the world who produces colour-shifting OTF.
The Company’s OTF is produced at its highly secure and fully
equipped facility located in Thurso, Quebec, Canada.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking
statements which involve risks and uncertainties. These
forward-looking statements include anticipating future orders. When
used in this news release, the words such as “plan”, “expects”,
“pursue”, “will”, and similar expressions or statements general
identify forward-looking statements. These statements reflect our
current expectations but are subject to the numerous business risks
outlined in our public filings at www.sedar.com.
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 |
Neither the TSX Venture Exchange nor its
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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