Nanotech Security Corp. Announces New Director, Option Grants and Other Shareholder Meeting Results
VANCOUVER, British Columbia – April 17, 2014 – Nanotech Security Corp. (TSX-V: NTS) (OTCQX: NTSFF), announces that Rene Carrier was elected a director at the annual shareholders meeting held April 16, 2014. Mr. Carrier brings the board to 6 persons along with Doug Blakeway, Brian Causey, Dr. Bozena Kaminska, Ken Tolmie and Bernhard Zinkhofer who were all re-elected. Mr. Carrier is a past Vice President of Pacific International Securities Inc. where he worked for 10 years until 1991. Since that time he has been President of Euro-American Capital Corporation, a private company which specialized in restructuring, administration and raising venture capital funds for junior public companies until 2012. Mr. Carrier is also an independent director of a number of TSX and TSX Venture Exchange listed companies.
In other meeting business the shareholders approved the advance notice provisions, the issuance of 234,897 shares to two insiders in connection with the September 2013 acquisition of two intellectual property companies, reappointed Deloitte LLP as auditors and approved the 10% option plan. Subsequent to the meeting the Board approved options to certain directors aggregating 500,000 shares for five years at a price of C$1.65.
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® 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® 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.
On Behalf of the Board of Directors of
Nanotech Security Corp.
“Doug H. Blakeway” President and CEO