Nanotech to Develop Unique Optically-Variable Security Feature for Major Foreign Government

Nanotech Security Corp., announces successfully signing 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.

“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.”