Nanotech Security Corp. and Illinois Tool Works Inc. Collaborate to Extend Reach of Nano-Optic Security Technologyadmin
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.
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.
On Behalf of the Board of Directors of
Nanotech Security Corp.
“Doug H. Blakeway”
President and CEO
Media Contact: Jackie Henry
Investor Relations: Sean Peasgood
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Posted: December 18th, 2013 under ACCESSWIRE.