Nanotech Security Corp. and Illinois Tool Works Inc. Collaborate to Extend Reach of Nano-Optic Security Technology
December 18 2013 - 10:25AM
Access Wire
ITW Security Division adds KolourOptik® to
suite of security solutions for document security
Vancouver, British Columbia /
ACCESSWIRE / December 18th, 2013 / Nanotech
Security Corp. (“NTS”) (TSX-V:
NTS), and Illinois Tool Works Inc.
(“ITW”) (NYSE:ITW) today
announced a collaboration that will add Nanotech’s KolourOptik®
platform to augment ITW Security Division’s 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 has 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 and seeking the
opportunities that a potential commercial alliance could 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.
“Sustainable Differentiation through Innovation is
one of ITW’s unique core capabilities that drive us as a global,
diversified manufacturer,” 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 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 $2 billion (USD) Specialty Products segment.
About ITW:
Founded in 1912, ITW’s recipe for success has been consistent:
value added products and outstanding service win the day with
customers. ITW places a high premium on the development of highly
engineered products and systems–most of which are developed in
tandem with our customers. And we continue to ensure that our
customers receive timely, cost-effective service for the innovative
products we provide. Today, Illinois Tool Works or ITW (NYSE: ITW)
is a Fortune 150 company that produces engineered fasteners and
components, equipment and consumable systems, and specialty
products. It employs nearly 65,000 people, and is based in
Glenview, Illinois, with operations in 58 countries. 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
About Nanotech Security Corp.
Nanotech Security Corp. is a leading innovator in the design and
commercialization of advanced security products and solutions.
NTS’s latest venture introduces a world-class nanotechnology
platform, KolourOptik®, for the authentication, brand protection,
anti-counterfeiting and personal identification market segments. In
2009, a team of researchers at Simon Fraser University set out to
leverage nano-optic technology to create solutions for the 21st
century. Nanotech and ITW are currently working together pursuant
to a memorandum of understanding with a view to assessing the
potential for a strategic relationship to be governed by one or
more binding agreements.
More information about the Company can be found at
the Company’s website http://www.nanosecurity.ca/ or
http://www.sedar.com/.
On Behalf of the Board of Directors of
Nanotech Security Corp.
"Doug H. Blakeway"
President and CEO
Media Contact: Jackie Henry
jp@nanosecurity.ca +1.778.384.3384
Investor Relations: Sean Peasgood
sean@spectrumcapitalinc.com +1.416.565.2805
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