NANO-HOLES FOR BANKNOTE SECURITY

Nano-holes sound like science fiction. Yet, this sophisticated technology is very real, and might be making counterfeiting a whole lot more challenging. Nanotech Security (NTS: CA) is a security firm that uses nano-structured optics to control light to make clear codes and recognition images that can be embedded in thins like banknotes, passports, etc.

Many banknotes that have holographic imagery on them use a technology that has not been updated since the 1960s. Nanotech’s KolourOptik is cutting-edge and can be used with almost any material. The way it works is that nano hole are pressed onto a material and with an algorithm Nanotech creates color shifting affects that are not possible with holographic tech. This level of innovation has earned a Nanotech a development deal with a foreign government that is currently going into its third phase of testing (cited here). This highly confidential contract is supposedly worth $1 million.

Nanotech is currently working on two other development contracts and CEO Doug Blakeway talked about how unique this opportunity was in the most recent fiscal report: “These two development contracts are material achievements. Issuing authorities are paying us – something not common in the industry – to design unique banknote security features with our OTF and KolourOptik™ technologies.”

As these new banknotes appear and Nanotech’s security features are on full display, it will be interesting to see if this leads to more contracts, which most analysts believe is a given.

To read the complete article, see:
Nanotech Security Working with Three Countries on Banknote Security (www.equities.com/news/nanotech-security-working-with-three-countries-on-banknote-security)

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