Nanotech Announces Completion of Fortress Optical Acquisition
VANCOUVER, British Columbia – September 16, 2014 – Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF), announces that further to its news releases of August 26 and September 12, 2014 the Company has now completed the acquisition of 100% of Fortress Optical Features Ltd. from an affiliate of Fortress Paper Ltd. In conjunction with the completion of this acquisition Nanotech has converted the 6,184,953 subscription receipts issued September 12, 2014 for proceeds of $9.3 million into 6,184,953 common shares and 3,092,477 share purchase warrants. The acquisition of Fortress Optical Features will serve as a platform to accelerate commercialization of Nanotech’s technology by integrating it into Fortress Optical’s product line by adding KolourOptik™ images to the OTF threads. The acquisition includes Fortress Optical Features’ state-of-the-art building and vacuum metal deposition equipment, located near Ottawa.
Nanotech believes the transaction combines complementary businesses that can leverage Fortress Optical’s established banknote customer relationships to accelerate market adoption of KolourOptik technology by currency producers around the world. To date, Fortress Optical’s technology, which derives from research and development done by the Bank of Canada has been utilized by 11 international currencies.
About Nanotech Security
Nanotech Security Corp. has been a leading innovator in the design and commercialization of advanced security products and solutions for a number of years. Nanotech’s KolourOptik™ and Plasmogram™ products are nanotechnology based product platforms originally inspired by the unique optical properties of the iridescent wings of the Blue Morpho butterfly. Nanotech images produce intense, high definition OVDs (optically variable devices) that are ideal for brand authentication and for distinguishing currency, documents, personal identification, consumer electronics, and more from counterfeiters. KolourOptik platform creates unique, easy to authenticate images through interaction of natural light with nano-sized arrays of surface indentation structures which are on the order of a billionth of a meter in size. These nanostructures create vivid colour images, activated by a simple tilt or rotation, with higher resolutions than the best LED-displays.
Additional information about Nanotech and its technologies can be found at the Company’s website www.nanosecurity.ca or the Canadian disclosure filings website www.sedar.com or the OTCMarkets disclosure filings website www.otcmarkets.com .
On Behalf of the Board of Directors of
Nanotech Security Corp.
“Doug H. Blakeway” President and CEO