[ACCESSWIRE]
New patented features gain attention from the banknote industry
VANCOUVER, BC / ACCESSWIRE / May 27, 2015 / Nanotech Security Corp. (TSX VENTURE: NTS) (OTCQX: NTSFF), announced that the Company has been granted two patents; one from the United States Patent and Trademark Office and one from the European Patent Office. The Company continues to expand the protection of its technology with the addition of these patents to its intellectual property portfolio.
Clint Landrock, Nanotech Chief Technology officer, commented, "We are pleased to be granted these additional patents as they further solidify our hold on the next generation of authentication technologies for the banknote, branding and secure document industries."
EPO No. 2,563,602 names Charles MacPherson as the inventor. The patent covers layered optically variable devices ("OVDs") such as colour shift foils that uniquely employs additional interactivity using piezoelectric layers to activate the authentication mode of a security device used as threads in products such as banknotes, passports and secure packaging. This patented multi-layered thin film technology offers Nanotech a competitive edge in the development of colour shifting security devices.
USPTO No. 9,013,272 names Dr. Bozena Kaminska and Clint Landrock as co-inventors. Building on patents previously granted to Nanotech, this patent secures integral intellectual property, which covers a range of diffractive and plasmonic luminescent devices such as security features used in banknotes.
Nanotech has developed some novel high resolution OVD effects based on nano-hole arrays, which differ from conventional OVDs providing easy recognition and verification. These nano-hole structures create new colour shifting effects that provide unique visual features such as 3D, HD, and motion. These unique features are easily communicated to the public making Nanotech's overt security features easier to recognize and authenticate.
The Company has also created colour switching effects with predetermined contrast changes. When the device is rotated colours switch, for example from magenta to gold or blue to green, making for a distinct and recognizable security image. With its KolourOptik(TM) technology Nanotech has also created colours such as white and black, which has not yet been seen in conventional OVDs. The bright colours and unique visual characteristics not only appeal to human perceptions, but also reinforce a device's security properties as they cannot be reproduced by copying or classical holography.
Based on these patents the Company has launched "Pearl," our first foray in plasmonic full colour images. A nano array image of Vermeer's famous painting "Girl with a Pearl Earring," which brilliantly displays her ruby lips, blue scarf and bright white collar and features two distinct authentication viewing modes in one feature. The user can view the full colour image in both transmission and reflection (shining a light on or through the image) – an effect impossible for a hologram to achieve. An example of Pearl can be viewed at: http://www.nanosecurity.ca/newsrelease2015may27.
Doug Blakeway, Nanotech Chief Executive Officer, commented, "An initial showing of Pearl to the banknote industry came back with comments of having never seen such a bright visual effect in a security device." Immediate interest in Pearl has initiated discussions with issuing authorities.
Nanotech is now focusing its efforts on commercial applications of its technology; making overt authentication security elements available for integration into banknotes, passports, identity cards, tax stamps, and other security documents.
FORWARD-LOOKING STATEMENTS
The discussion and analysis in this news release contains forward-looking statements concerning anticipated developments in our operations in future periods, the adequacy of our financial resources, and the events or condition that may occur in the future. Forward-looking statements are frequently, but not always, identified by words such as "expects," "anticipates," "believes," "intends," "estimates," "predicts," "potential," "targeted," "plans," "possible" and similar expressions, or statements that events, conditions or results "will," "may," "could" or "should" occur or be achieved.
These forward-looking statements include, without limitation, statements about our market opportunities, strategies, competition, and the Company's view that its nano-optical and optical thin film technologies will continue to show promise for mass production and commercial application. Other forward-looking statements imply that the Company will remain capable of being financed and/or will be able to partner development until commercial sales are eventually realized. The principal risks related to these forward-looking statements are that the Company's intellectual property claims will not prove sufficiently broad or enforceable to provide the necessary commercial protection and to attract the necessary capital and/or that the Company's products will not be able to displace entrenched hologram, metalized strip tagging, and other conventional anti-counterfeiting technologies sufficiently to allow for profitability.
Our forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made. Consequently, all forward-looking statements made in this discussion and analysis of the financial conditions and results of operations or the documents incorporated by reference are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated will be realized. For additional information with respect to certain of these risks or factors reference should be made to the "Business Risks and Uncertainties" section of the MD&A and notes to the consolidated financial statements, as well as with the Company's continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online at www.sedar.com. Nanotech disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law, rule or regulation. You should not place undue reliance on forward-looking statements.
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 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:
Doug Blakeway
[email protected]
+1.604.678.5775
Canada Investor Relations:
Sean Peasgood
[email protected]
+1.416.565.2805
Media Contact:
Jackie Henry
[email protected]
U.S. Investor Relations:
Dave Mossberg
+1. 817.310.0051
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.
SOURCE: Nanotech Security Corp.
