Nanotech Security Corp. (NTS) appoints banknote industry veteran Richard Rowe to its Board of Directors as an independent director, effective immediately.
Richard Rowe is an accomplished executive with over 30 years of experience, including 12 years in the government and banknote industry.
Most recently, he was President of the US Government Products at Crane Currency.
There he was responsible for strategy, direction and execution of currency and passport products to the US Government.
Rowe has also held several prominent leadership roles, including Vice President of Business Development with MeadWestvaco. Mr. Rowe holds a B.S. Chemical Engineering from the University of Virginia and resides in the United States.
“As a banknote industry veteran, Rich brings extensive government and currency expertise to the Board,” stated Nanotech Chair D. Neil McDonnell.
“Nanotech’s board regularly evaluates its composition to ensure it includes the appropriate skills, experience, and perspective to drive growth. Rich’s deep relationships and extensive knowledge of commercializing security features will benefit the Company as we advance our portfolio of products,” concluded McDonnell.
“I am honoured to have been appointed to the board of Nanotech,” said Mr. Rowe. “The Company has a great reputation in the banknote industry, and I look forward to working closely with the board and management to leverage Nanotech’s products and intellectual property to capitalize on the market opportunity.”
With billions of security features in circulation, Nanotech’s products include secure and memorable security labels, stripes, patches, and colour-shifting films for currency authentication and brand protection.
Some of the technology Nanotech uses is explained below.
KolourOptick® is a patented visual technology exclusive to the government and banknote market.
The technology combines sub-wavelength nanostructures and microstructures to create modern overt security features with a unique and customizable optical effect.
LiveOptik™ is a patented visual technology that utilizes innovative nano-optics one-tenth the size of traditional holographic structures to create next-generation overt security features customized to our customers’ unique requirements.
Nanotech supplies currency and document and brand protection products trusted by governments and corporations worldwide.
Nanotech Security (NTS) is up 13.79 per cent and is trading at C$0.66 at 2:49 pm EST.