Nanotech Security Corp V.NTS

News - patent

[trader_dayle]

Not sure what the heck was going on with the CEO disposing options... but nice to see the stock price has rebounded somewhat. News came out Nov 5 - we've secured a patent.

https://www.nanowerk.com/news2/newsid=27179.php

Nanotech Security Secures First Patent in Optical Nanotechnology for Security and Authentication

(Nanowerk News) Nanotech Security Corp., developer of next-generation security and authentication products based on nanotechnology, announces the successful granting of a parent-patent. The US patent includes claims for its specialized nano-hole structures and the applications for these features in the security and authentication industry. The patent encompasses the structure, design and manufacturing process for NTS’s security technology, NOtES®, which deploys a controlled array of extremely tiny holes that can be quickly imprinted in large numbers directly onto virtually any surface, creating a vibrant, crisp, ultra high definition image. This highly sophisticated authentication feature replicates nano-scale (billionth of a meter) light-reflective structures similar to those found in nature, for example on the iridescent wings of certain butterflies.

The patent (USA Patent No. 8,253,536B2) names the Company’s Director and Chief Scientific Officer, Dr. Bozena Kaminska and its Chief Technology Officer, Clint Landrock as co-inventors. The patent covers a number of core aspects of Nanotech’s technology including claims for the use of optically efficient nano-hole arrays as security features. The patent also claims the use of nano-scale structures that are smaller than a wavelength of light in conjunction with printable electronic components such as electronic displays, batteries and solar cells. Originally filed in early 2009, the patent has been assigned to Simon Fraser University where it is exclusively sub-licensed to Nanotech pending its transfer to a Nanotech affiliate upon completion of its Advance Royalty obligations schedule to complete next year.

Core Patent is Key to Commercialization and Licensing of Nanotech’s NOtES® Feature

Doug Blakeway, CEO and Chairman of Nanotech, commented on the patent grant “The receipt of this overarching patent was an enormous accomplishment for Nanotech. We are pleased to have shown that we are the first company to have developed a highly sophisticated solution for authentication using this unique approach. This represents a critical step to protecting the potential value of this technology worldwide.”

Mr. Blakeway added, “This parent patent is at the foundation for not only further uses and new designs in the security and authentication space, but branches out to many other applications involving nano-optics with extremely high optical efficiency – including solar cell technologies. We believe that nano-optic technology is in its infancy, and has huge potential for growth.”