VANCOUVER, British Columbia, Nov. 12, 2019 (GLOBE NEWSWIRE) -- Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF) ("Nanotech" or the "Company"), a leading innovator in the research, creation and production of nano-optic structures and colour-shifting materials used in the banknote and brand protection markets, announces the signing of a multi-year brand protection contract with World Baseball Softball Confederation ("WBSC").
Nanotech will be the exclusive supplier of brand protection and security authentication products to WBSC and its licensees. WBSC is recognized as the sole competent authority in baseball and softball by the International Olympic Committee with 138 member countries from Asia, Africa, Americas, Europe and Oceania, representing over 65 million athletes and attracting approximately 150 million fans. Under the three-year agreement, Nanotech will supply brand protection authentication labels to protect all merchandise manufactured, distributed or sold under license from WBSC.
Nanotech entered the brand protection market in April 2019 with the launch of two new products Dynamic Portraittm and LiveLogotm. These new products display high-fidelity images far beyond conventional print resolution, offering customers a unique and versatile solution against brand counterfeiting. The Dynamic Portrait security labels for WBSC contain a high definition logo and colourful baseballs that turn on-and-off at different viewing angles to prove the authenticity of WBSC's merchandise. The visual effects produced by Dynamic Portrait are nearly impossible to replicate or reverse engineer due to Nanotech's patented origination process using advanced nanotechnology.
"We look forward to supplying brand protection solutions to WBSC and its licensees through our nano-optic technology platform," said Troy Bullock, President and CEO of Nanotech. "It's great to see customer validation so quickly after entering a new market. Brand protection represents a key pillar in our growth strategy and an excellent application for our technology. We look forward to expanding our presence in the sector."
"WBSC is excited to partner with Nanotech in an effort to secure its brand through industry-leading security features," said Miguel Pazcabrales, Managing Director at Base International. "The solutions provided by Nanotech will strengthen brand protection for all WBSC merchandise as well as the products sold under its licensing program."
Financial terms of the agreement were not disclosed.
About World Baseball Softball Confederation
Headquartered in Lausanne, Switzerland, WBSC is the world governing body for baseball and softball. WBSC has 211 National Federation and Associate Members in 138 countries and territories across Asia, Africa, Americas, Europe and Oceania, which represent a united baseball/softball sports movement that encompasses over 65 million athletes and attracts approximately 150 million fans to stadiums worldwide annually. For more info: www.wbsc.org.
About Base International
BASE is the commercial arm of the WBSC (World Baseball and Softball Confederation) and has the mission to create value, leverage WBSC's commercial properties and create new assets, expanding the awareness of the WBSC brand, and increasing engagement of baseball and softball fans around the world. For more info: www.base.sport.
Nanotech researches, creates and produces nano-optic structures and colour-shifting materials used in authentication and brand enhancement applications across a wide range of markets including banknotes, tax stamps, secure government documents, and commercial branding.
The Company's KolourOptik® technology employs arrays of billions of nano-indentations that can be impressed or embossed onto a wide range of substrate materials including polymer, paper, metal, or fabric. By using sophisticated algorithms to direct an electron beam lithography system, the Company creates striking visual images with effects such as 3D, perceived movement, and the display of high-definition colours.
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.
This news release contains forward-looking statements that involve risks and uncertainties. These forward-looking statements include, without limitation, statements about anticipated developments in our operations in future periods, and events or conditions that may occur in the future. When used in this news release, the words such as "multi-year" "will be", and similar expressions or statements generally identify forward-looking statements. The principal risks related to these forward-looking statements are that the Company's technology and products will not achieve commercial viability or widespread market acceptance in the brand protection market. While these forward-looking statements reflect our current expectations, there can be no assurance that they will be realized.
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