Sharing increased executive responsibilities will facilitate strategic growth initiatives
VANCOUVER, BC--(Marketwired - October 24, 2016) - Nanotech Security Corp.
(TSX VENTURE: NTS) (OTCQX: NTSFF) announces that Troy Bullock has
been appointed to the senior corporate office of President in addition to his ongoing role as Chief Financial Officer. Reporting
to the CEO Doug Blakeway, Mr. Bullock's additional responsibilities will include broader operational oversight of finance,
production, research & development and contract administration. This appointment will allow Mr. Blakeway to focus more time on
product innovation, corporate development, strategic partnerships and sales growth.
"With Troy's solid background in leading project implementation and large-scale manufacturing teams he is the right person to
help guide Nanotech as we scale to the next level," said Mr. Blakeway. "Having Troy oversee our operations allows me to
concentrate on business strategy to grow Nanotech's business."
Mr. Bullock first joined the Company in 2014, and is a senior finance and operations professional with more than 20 years of
international experience. He is a veteran of companies characterized by significant growth, international operations, and
sophisticated commercial transactions. Mr. Bullock has more than a decade of senior financial and operational leadership.
Previously he was CFO at Norsat International Inc. and Ascalade Communications Inc. and CEO at Stormtech Performance Apparel
Ltd.
"We are now at an inflection point where our revenue opportunities are increasing dramatically and our ability to deliver will
be critical to our success," said Mr. Bullock. "Taking on operations will allow Doug more time to meet directly with customers
and penetrate new markets to ensure future growth of the company."
About Nanotech Security
Through its security and surveillance divisions, Nanotech Security Corp. has been a leading innovator in the design
and production of advanced banknote and commercial branding security and authentication products. Nanotech's
KolourOptik® and Plasmogram™ products are nanotechnology based optical imaging product platforms originally
inspired by the unique optical properties of the iridescent wings of the Blue Morpho butterfly. Our nano-optical products produce
intense, high definition optically-variable images and colour-shift optical thin films. Activated by a simple tilt or rotation,
with higher resolutions than the best LED-displays, they are ideal for authentication of currency, passports, and identification
cards in addition to distinguishing branded goods from counterfeits.
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.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.