Nanotech Receives Additional Order for Colour-Shifting Optical Thin Film Banknote Security Technology
Company announces timing of second quarter 2015 results conference call
VANCOUVER, British Columbia – May 28, 2015 – Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF), today announced that after meeting the demanding specifications of a first order for an international customer, the Company has received a follow-on order from the same customer for colour-shifting optical thin film (OTF) security features for banknotes. The new order, valued at $560,000, is scheduled for delivery in the third quarter 2015. Confidentiality requirements around the banknote industry do not permit releasing further details about the order.
“Deployments of our OTF security features in our international customer’s local economy have exceeded our customer’s expectations, and have resulted in this additional order,” commented Doug Blakeway, Nanotech Chief Executive Officer. “We are pleased with the performance of our product and the success of our customer relationship, which we anticipate will lead to more orders in the future.”
Reporting Second Quarter Fiscal 2015 Results
The Company will release financial results for its second quarter ended March 31, 2015 after the market closes on Monday June 1, 2015. Nanotech Chairman and CEO Doug Blakeway and CFO Troy Bullock will host a conference call with analysts and investors at 5:30 P.M. Eastern time the same day. All interested parties are invited to participate in this conference call and should dial the following number approximately 10 minutes prior to the starting time.
Conference Call Details:
|DATE:||Monday, June 1, 2015|
|TIME:||5:30 P.M. Eastern time|
|DIAL IN NUMBER:||Toll free (Canada and US): 1-877-407-9205
Alternate number: 1-201-689-8054
Conference ID: 13611001
Teleconference Replay Available Until: July 2, 2015
|Toll free (Canada and US): 1-877-660-6853
Alternate number: 1-201-612-7415
Conference ID: 13611001
The discussion and analysis in this news release contains forward-looking statements concerning anticipated developments in our operations in future periods, the adequacy of our financial resources, and the events or condition that may occur in the future. Forward-looking statements are frequently, but not always, identified by words such as “expects”, “anticipates”, “believes”, “intends”, “estimates”, “predicts”, “potential”, “targeted” “plans”, “possible” and similar expressions, or statements that events, conditions or results “will”, “may”, “could” or “should” occur or be achieved.
These forward-looking statements include, without limitation, statements about our market opportunities, strategies, competition, and the Company’s view that its nano-optical and optical thin film technologies will continue to show promise for mass production and commercial application. Other forward-looking statements imply that the Company will remain capable of being financed and/or will be able to partner development until commercial sales are eventually realized. The principal risks related to these forward-looking statements are that the Company’s intellectual property claims will not prove sufficiently broad or enforceable to provide the necessary commercial protection and to attract the necessary capital and/or that the Company’s products will not be able to displace entrenched hologram, metalized strip tagging, and other conventional anti-counterfeiting technologies sufficiently to allow for profitability.
Our forward-looking statements are based on the beliefs, expectations and opinions of management on the date the statements are made. Consequently, all forward-looking statements made in this discussion and analysis of the financial conditions and results of operations or the documents incorporated by reference are qualified by this cautionary statement and there can be no assurance that actual results or developments anticipated will be realized. For additional information with respect to certain of these risks or factors reference should be made to the “Business Risks and Uncertainties” section of the MD&A and notes to the consolidated financial statements, as well as with the Company’s continuous disclosure materials filed from time to time with Canadian securities regulatory authorities, which are available online at www.sedar.com. Nanotech disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, other than as required by law, rule or regulation. You should not place undue reliance on forward-looking statements.
About Nanotech Security
Through its security and surveillance divisions, Nanotech Security Corp. has been a leading innovator in the design and production of advanced security products and surveillance 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. Our security products produce intense, high definition optically-variable images and colour-shift optical thin films. Activated by a simple tilt or rotation, with higher resolutions than the best LED-displays, they are ideal for authentication of currency, passports, and identification cards in addition to distinguishing branded goods from counterfeits. Our surveillance division designs and manufactures sophisticated surveillance and intelligence gathering communications and forensic equipment for the law enforcement and intelligence community as well as runs a state of the art training academy where we provide technical surveillance training to the law enforcement community.
Additional information about Nanotech can be found at the Company’s website www.nanosecurity.ca, the Canadian disclosure filings website www.sedar.com or the OTCMarkets disclosure filings website www.otcmarkets.com.