Nanotech Signs $1 Million Banknote Security Feature Development ContractThursday, February 12, 2015
Vancouver, BC, February 12, 2015--(T-Net)--Nanotech Security Corp. (NTS.V) (NTSFF), announced today that it has signed a contract with an issuing authority of a major foreign government to develop a unique optically-variable security feature to be potentially incorporated into various denominations of polymer, paper-based, and composite banknotes and secure documents.
The one year contract is valued at approximately $1,000,000 with a renewal option.
Nanotech will be capitalizing on its highly-specialized equipment, registered patents, and scientific expertise to create a unique and distinctive security feature.
When completed, Nanotech's new technology will provide an increase in the security level of the feature and will own the rights to the technology, according to the company.
"We look forward to the opportunities this contract will provide as we continue to expand our presence in the global banknote and security feature market," said Igi LeRoux, Chief Development Officer of Nanotech. "Already we are seeing increased interest in our thin film and KolourOptik technologies from issuing authorities around the world."
About Nanotech Security
Through its security and surveillance divisions, Nanotech Security Corp. has been a leading innovator in the design and production of advanced security products and surveillance solutions for a number of years. Nanotech's KolourOptik(TM) and Plasmogram(TM) products are nanotechnology based product platforms originally inspired by the unique optical properties of the iridescent wings of the Blue Morpho butterfly.
Our security products produce intense, high definition optically-variable images and colour-shift optical thin films. Activated by a simple tilt or rotation, with higher resolutions than the best LED-displays, they are ideal for authentication of currency, passports, and identification cards in addition to distinguishing branded goods from counterfeits. Our surveillance division designs and manufactures sophisticated surveillance and intelligence gathering communications and forensic equipment for the law enforcement and intelligence community as well as runs a state of the art training academy where we provide technical surveillance training to the law enforcement community.
Additional information about Nanotech can be found at the Company's websitewww.nanosecurity.ca, the Canadian disclosure filings website www.sedar.com or the OTCMarkets disclosure filings website www.otcmarkets.com.
Canada Investor Relations:
Sean Peasgood - Sophic Capital Inc.
U.S. Investor Relations:
Dave Mossberg - Three Part Advisors, LLC
Neither 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.
Burnaby (Other Tech Sectors)
NanoTech Security Corp.
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