Nanotech Security Signs Additional Contract with Another Top Ten Banknote Issuing Authority

Nanotech Security Corp., today announced signing an additional contract with another top ten issuing authority to develop a unique optically-variable security feature for incorporation into future banknotes. The issuing authority has requested the Company develop an icon with specific features based on characteristics of Nanotech’s patented technology.

The Company will provide working banknote image samples of a new, novel security feature which shows a distinct colour change when the viewing angle of the image is tilted. The image will have the potential to include various levels of security; overt and/or covert.

The development contract is valued in the low six figures and is expected to be completed over the next six months. The Company feels the signing of this contract is further validation in establishing its unique optically variable device technology in the global banknote and secure document industry.

“We continue to see increased interest in our optically variable device technologies as we gain more exposure and expand our presence in the security feature market,” said Doug Blakeway, Chief Executive Officer of Nanotech. “The signing of this latest contract shows issuing authorities around the world have taken notice of our Company and our unique patented technology.”