Again - Didn't post wellMIKOH Establishes Sales Route to US Government for
SecureContainer and Smart&Secure
17 September 2009
In summary:
• Agreement for US-based Packaging Strategies Incorporated (PSI) – one ofPelican’s largest resellers into the US government – to market and sell tamper
evident SecureContainer? closure devices and Smart&Secure? security seals.
• Agreement provides renewable exclusivity rights to PSI, subject to revenuetargets being met.
• Major milestone for MIKOH - first sales agreement for supply ofSecureContainer™ technology to the US Government.
MIKOH Corporation, the US subsidiary of MIKOH Corporation Limited, has entered
into an annually renewable exclusive supply and distribution agreement for MIKOH’s
SecureContainer? closure devices with US firm Packaging Strategies Incorporated(PSI), a leading value-add distribution centre for Pelican Products Inc. PSI is the largest
Pelican case distributor on the US east coast and is a key supplier to the US Government.
The agreement provides PSI multi-year exclusivity for the sale of SecureContainer?
products into the US Government, subject to annual performance targets being met.
MIKOH and PSI have already jointly exhibited the SecureContainer™ technology at
government-focused tradeshows, and are currently working on several significant sales
opportunities into the US government.
MIKOH’s SecureContainer™ closure devices combine patented reusable closure
technology licensed from the US National Security Agency (www.nsa.gov) withMIKOH’s Smart&Secure™ RFID security seals to provide a means to detect whether a
case has been tampered with or opened. A new Smart&Secure™ seal and replacement
disposable inserts are required each time a case is resealed, thereby creating a recurring
MIKOH Corporation Limited
Incorporated in Australia
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Website:
www.mikoh.com
revenue stream to MIKOH.
Supply infrastructure is already in place to support this agreement. PSI will order
SecureContainer™ components directly from MIKOH’s California-based contract
manufacturers, with orders being registered through MIKOH’s online storefront for
royalty accounting purposes.
“This is a critical step in our go-to-market strategy for SecureContainer™, building on
the license agreement with NSA and providing an established sales channel to US
government end users,” said Matt Blomfield, MIKOH’s CEO. “It allows PSI to offer
existing and new government customers a cost effective means to secure shipments of
high-value assets ranging from classified documents to sensitive military equipment. We
intend to replicate this type of reseller relationship to supply other governments outside
the US.”