InkSure Chosen for Banknote Marking Project with a Central Bank
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FT. LAUDERDALE, Florida November 8, 2007 - InkSure Technologies Inc. (OTC Bulletin Board: INKS), a leading provider of covert machine-readable authentication solutions, announced today that it has been chosen by a central bank, for a banknote marking project. InkSure has been chosen to implement a machine readable feature into banknotes, to be used by the central bank, enabling counterfeiting detection and prevention.
As part of the project, the customer will start by marking a specific banknote denomination, with the intention of expanding the use of InkSure's innovative marking technology, to all existing and future banknotes to be issued by this central bank.
This innovative project is the first banknote marking transaction for the Company. The current stage of the project is expected to take place over the next two to three quarters.
"We are very pleased with our win, the first for the critical task of protecting banknotes," commented Yaron Meerfeld, Inksure's Chief Operations Officer. "The fact that a central bank is willing to put its trust in our technology, to protect their currency against counterfeiting, is a very strong validation of our secure solution. Not only does this win significantly increase our prominence in the anti-counterfeiting industry, it also provides us with a leading reference in a new and very important sector ."
About InkSure Technoloogies
InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and its research and development center in Science Park, Rehovot, Israel, specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale. The Company's R&D activities include the development of "chipless" RFID technology for affordable item-level secure logistics and track-and-trace applications.
