Nanotech Wins $5.0 Million Purchase Order
October 17 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 government, banknote and brand protection markets,
announces that it has been awarded purchase orders to advance its
confidential development contract to the next stage.
Over the past four years, Nanotech has generated
revenue from a paid development contract to design a unique
security feature for a future banknote based on the Company’s
KolourOptik® technology. Nanotech’s confidential customer has now
awarded purchase orders totaling $5.0 million to advance this
project to the next stage of development. With this award, Nanotech
has secured its contract services revenue for fiscal 2020 at levels
similar to fiscal 2019. Due to the confidential nature of the
project, no further details of the project status, timing, or
financial terms can be disclosed at this time.
“We consider this award a significant project
milestone in designing a security feature for our customer’s future
banknotes,” said Troy Bullock, President and CEO. “This project is
progressing well overall and we appreciate the confidence this
customer has shown in our technology.”
Nanotech’s KolourOptik technology platform is an
innovative digital solution for the analog world which delivers
uncompromising security, enabling governments to protect their
products with true colour, depth, and motion.
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.
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Nanotech Security Corp.: |
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Investor Relations: |
Kelley Ryshak |
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Sean Peasgood |
info@nanosecurity.ca |
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sean@SophicCapital.com |
+1.604.678.5775 |
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+1.647.699.9845 |
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Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policiesof
the TSX Venture Exchange) accepts responsibility for the adequacy
or accuracy of this release.
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