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VANCOUVER, British Columbia, June 28, 2021 (GLOBE NEWSWIRE) — Nanotech Safety Corp. (TSXV: NTS) (OTCQX: NTSFF) (“Nanotech” or the “Firm”), a pacesetter within the growth of safe and visually memorable nano-optic safety features used within the authorities and banknote and model safety markets, broadcasts it has been awarded the remaining fiscal 2021 buy orders in its growth contract with a confidential central financial institution.
Nanotech’s confidential buyer has issued new buy orders totaling $690,000 to proceed the development of the revolutionary safety function. Over the previous 5 years, Nanotech has generated income from a paid growth contract to design a singular nano-optic safety function for a future banknote. With this award, Nanotech expects contract providers income from this central financial institution to exceed $7.8 million for fiscal 2021, representing a 27% improve over 2020 (topic to overseas trade fluctuations). Because of the confidential nature of the venture, no additional particulars of the venture standing, timing, or monetary phrases may be disclosed at the moment.
“We’re thrilled with the continued confidence this necessary buyer has proven in our expertise,” stated Troy Bullock, President and CEO. “With our 2021 awards finalized, we at the moment are working with this central financial institution to speed up the venture, together with finalizing our subsequent multi-year contract and buy orders for subsequent 12 months.”
FORWARD LOOKING STATEMENTS
This information launch incorporates forward-looking statements that contain dangers and uncertainties. These forward-looking statements relate to anticipated developments in our operations in future durations and occasions or situations that will happen sooner or later. When used on this information launch, the phrases similar to “plan”, “expects”, “pursue”, “will”, and comparable expressions or statements usually establish forward-looking statements. These statements replicate our present expectations. In gentle of the dangers and uncertainties, there may be no assurance that the forward-looking statements contained on this information launch will likely be realized.
With billions of safety features in circulation, Nanotech’s merchandise embrace safe and memorable safety labels, stripes, patches, and colour-shifting foils for foreign money authentication and model safety.
KolourOptik® is a patented visible expertise that’s unique to the federal government and banknote market and combines sub-wavelength nanostructures and microstructures to create trendy overt safety features with a singular and customizable optical impact. KolourOptik pure plasmonic color pixels produce full color, 3D depth, and motion utilized in safety stripes and threads which might be practically inconceivable to copy.
LiveOptik™ is a patented visible expertise that makes use of revolutionary nano-optics one tenth the scale of conventional holographic constructions to create subsequent era overt safety features personalized to our clients’ distinctive necessities. LiveOptik delivers multi-colour, 3D depth, motion, and picture switches for safe model safety stripes, threads, and labels which might be practically inconceivable to copy.
Extra details about Nanotech may be discovered on the Firm’s web site www.nanosecurity.ca, the Canadian disclosure filings web site www.sedar.com or the OTCMarkets disclosure filings web site www.otcmarkets.com.
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