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H.W. Sands Corp. Enters Into Letter of Intent With InkSure Technologies for the I.D. and Transaction Card Market
Thursday February 2, 8:30 am ET
'Distinct technological breakthrough in the fight against counterfeiters'
JUPITER, Fla., Feb. 2 /PRNewswire-FirstCall/ -- H.W. Sands Corp., a leader in bringing in new products and technologies to the identification, security and financial transactions card markets, and InkSure Technologies Inc. (OTC Bulletin Board: INKS - News), a developer of cutting-edge covert encoded-ink authentication solutions, today announced the signing of a Letter of Intent to form a strategic alliance that will be marketed under the Sands-Secure® line of security solutions.
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"The level of sophistication provided by the combination of H.W. Sands' covert taggants and InkSure taggants and readers represents a distinct technological breakthrough in the fight against counterfeiters," noted Daniel Persico, Executive Vice President of H.W. Sands Corp. "This should be a highly productive partnership that delivers outstanding value to customers."
"InkSure's CMRT (covert machine readable technology) authentication solutions are ideally suited for the anti-counterfeiting requirements of the financial and I.D. card markets," stated James Assaf, CEO for U.S. Operations at InkSure Technologies Inc. "Our products can instantly authenticate cards in the field, and they can validate cards in high-speed environments such as sorting locations, return centers and production sites. With its experience, technological expertise and existing customer base in the card industry, H.W. Sands is well-positioned to successfully introduce our covert security solutions into this market."
About H.W. Sands Corp.:
H.W. Sands Corp. is a worldwide leader in the design and manufacture of products for the Imaging Industry with a primary focus on the Security, Transaction Card, Electrophotographic, Display/OLED, Ink Jet and Pre-sensitized Printing Plate markets. Established in 1983, the company's R&D focus is on the research, development and commercialization of high-value, custom and commercial dyes, chemicals and corollary products that support customers' product differentiation, thereby increasing brand value and overall profitability. H.W. Sands is a U.S. company operating worldwide. For more information, please visit this website: www.hwsands.com.
About InkSure Technologies Inc.:
InkSure Technologies Inc. specializes in comprehensive security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. Addressing diverse industries such as Financial, Pharmaceutical, Branded Products, Transportation, Government, and many others, InkSure utilizes cross-disciplinary technological innovations to implement customized and cost-effective security systems for data and asset integrity within existing infrastructure and environment. InkSure's proprietary patented solutions are recognized as highly secure top performance products available in the market and the company has a successful track record of providing system integrations and dedicated service worldwide. InkSure is a U.S. company operating in North and South America, Europe and S.E. Asia. For more information, please visit this website: www.inksure.com
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Although InkSure (the "Company") believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Important factors that could cause actual results to differ materially from the forward-looking statements include the Company's need to obtain substantial additional capital (through financings or otherwise) to fund its operations, the progress of development, government and regulatory approvals and licensing |
