Vancouver, BC (PRWEB) December 20, 2013
NanoTech Security Corp. (TSX:NTS.V) and ITW Security Division, an Illinois Tool Works Inc. (NYSE:ITW) company, today announced a strategic collaboration that will add NanoTech’s KolourOptik® platform to its suite of security solutions. KolourOptik uses advanced nano-structures imprinted on a material’s surface to secure and authenticate products. The technology has a variety of security and anti-counterfeiting applications, from banknotes and passports to consumer electronics, as well as brand identity for high value items. The ITW Security Division recently showcased NanoTech’s KolourOptik® technology at the INTERGRAF Security Printers 2013 International Conference and Exhibition in Vienna, Austria.
“ITW Security Division has a tremendous reputation and global presence with manufacturing capabilities that will facilitate the implementation of our technology for their security customers,” said Doug Blakeway, CEO and Chairman of NanoTech Security. “At Intergraf, KolourOptik received tremendous exposure and was clearly one of the focal points of attendees and prospective customers. We look forward to working with ITW Security Division and the opportunities this partnership will provide to reach their global customer base.”
KolourOptik creates easy to authenticate images through a unique interaction of natural light with nano-sized holes. These nano-holes use the principles of diffraction and surface plasmonic resonance to create vibrant colour images that turn sharply ON and OFF, making authentication foolproof. KolourOptik is one of the first nanotechnologies that can be seamlessly integrated into a commercial manufacturing process.
“Innovation is a core element of ITW’s differentiated business model,” said Bob Carey, Business Unit Manager at ITW Security Division. “We are constantly looking for partners and solutions that will add value and provide us with a distinct competitive advantage. NanoTech has demonstrated that its KolourOptik platform is unlike any other document security solution available. Making KolourOptik available to our customers enhances our capabilities as we continue to expand our presence in the global security market.”
About NanoTech: NanoTech Security Corp. is a leading innovator in the design and origination of advanced nano-optic based security products and solutions. NTS’s latest venture introduces a world-class nanotechnology platform, KolourOptik®, for the authentication, brand protection, and anti-counterfeiting market. In 2009, a team of researchers at Simon Fraser University set out to leverage nano-optic technology to create solutions to the global rise in counterfeiting. More information about the Company can be found at the Company’s website http://www.nanosecurity.ca or http://www.sedar.com
About ITW Security Division:
The ITW Security Division was formed in 2012 by consolidating the management teams, technologies and resources of ITW’s well-established security laminate and personalization businesses─ Covid, Fasver and Imagedata. Leveraging the strengths of these brands, the ITW Security Division today offers the secure document market a single source supply for high security laminates and dye diffusion (D2T2) ribbons. Together, the ITW Security Division, Brand Identity Division and Industrial Decorating Solutions Division comprise the ITW Security and Brand Identity Group, which is part of ITW’s Specialty Products segment. More information on ITW’s Security Division on these websites: http://www.itwcovid.com, http://www.fasver.com/sr/, and http://www.itwsbi.com/Security.aspx
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. This news release contains forward-looking information or statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, the risk that commercial products using the nano-technology will never be successfully developed, the need for unknown amounts of additional capital that will dilute shareholders if it is available at all (for which there can be no certainty). Investors are cautioned that any such forward looking statements are not guarantees for future performance and the actual results or developments may differ materially from those suggested in such statements. For more information on the Company, investors should review the Company's home jurisdiction filings that are available at http://www.sedar.com.