Vancouver, British Columbia, April 1st, 2013: Nanotech Security Corp. (the “Company”) (NTS.V), developer of next-generation security and authentication features using nano-technology-based optics, announces that it has established new headquarters in the Lake City area of Burnaby, British Columbia. The Company’s new secure facility is located near Simon Fraser University (SFU) and includes more than 2,000 square feet of dedicated laboratory space for ongoing development of its KolourOptik’s® nano-technology. Nanotech Security also plans to add a cleanroom that when completed will be one of the most advanced private nano-fabrication labs in North America.
“R&D will continue to be an important part of our business and we will continue to leverage 4D Labs at SFU for certain applications given the specialized equipment available there, however we will no longer have to exclusively rely on those facilities,” said Doug Blakeway, CEO of Nanotech Security Corp. “Once our build-out is complete, we will be able to expedite our R&D efforts, as well as guarantee on-time delivery to our customers of our unique image transference products, also referred to as mastering products. Our secure facility provides us a tremendous competitive technological advantage as well as the right amount of space to support our modest staff needs.”
KolourOptik’s®, uses patented algorithms coupled with electron and ion beam technology to embed hundreds of millions of nano-holes into nearly any material. When embedded on a surface, the matrix of nano-sized holes produces the same natural iridescent effect from the reflection and fragmentation of light found in nature such as on the wings of certain butterflies. Nanotech Security has also created the world’s first patented mastering transfer system for this technology so that manufacturers can now reproduce nano-structure images for a variety of applications, including banknotes, consumer and luxury products, electronics and industrial parts. The transfer technology creates masters that are impossible to counterfeit because they use sophisticated algorithms and highly specialized equipment for their creation, however once created, use of the masters for commercial scale reproduction requires only conventional printing and embossing machinery.
Nanotech clarifies its news release of March 3, 2013 to confirm that the Spectrum investor relations agreement has a $6,000 per month fee and is cancellable any time after 3 months on 30 days’ notice given by either party. The ultimate term of this agreement cannot be predicted at this time.
Nanotech was featured in the Globe and Mail on-line edition of April 1, 2013 and can be viewed at http://www.theglobeandmail.com/report-on-business/small-business/starting-out/famous-butterfly-inspires-anti-counterfeiting-nanotechnology/article10600835/?utm_medium=referral&utm_source=t.co&cmpid=rss1 For additional information about Nanotech Security’s KolourOptik’s® nano-technology visit http://vimeo.com/nanotechsecurity.
On Behalf of the Board of Directors of Nanotech Security Corp.
“Doug H. Blakeway”
President and CEO
About Nanotech Security Corp:
Nanotech Security Corp. is developing its nanotechnology for authentication and anti-counterfeiting markets under an exclusive sub-license from Simon Fraser University, where the technology originated. Founded in 1984, Nanotech Security Corp. has developed technology and services in areas of criminal justice, infrared night-viewing, tracking security and forensics.
The Company’s products are being developed to be usable both overtly through an image visible to the naked eye and also in a covert manner, including invisible (to the eye) authentication features using machine-only readable data. The nano-images produce vibrant colours and seemingly animated images which allow observers to quickly identify the authenticity of the product to which a KolourOptik’s® optical marker or tag has been affixed. The technology works by using a nano-scale matrix or array of holes which are smaller than the wavelength of light to capture ambient light using ultra-high optical efficiency and high pixel density. These KolourOptik’s® can be directly imprinted into nearly any surface including polymers, metals and even paper, becoming part of the product itself. The outstanding optical performance of this technology allows it to be used without mirror-like coatings found on traditional security features like holograms. They can be applied as a security image on a transparent window in a banknote or other product. The Company is working to enhance security for currency as well as many other applications including authenticating legal documents, merchandise, concert tickets, tax-paid stamps, medical & credit transactional cards, visas & passports, pharmaceuticals and for eye-catching brand and logo recognition. More information about the Company can be found at the Company’s website www.nanosecurity.ca or www.sedar.com
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 www.sedar.com