ADDISON, Texas, July 17, 2024 /PRNewswire/ -- Authentix, the
authority in authentication and information services, announced
that it has completed an Asset Purchase Agreement with Nanotech
Security Corp. (NSC), a wholly owned subsidiary of Meta Materials
Inc., acquiring certain assets of its authentication business unit
with solutions for banknote authentication and brand protection
markets for central banks, governments, and commercial brand
owners.
"This acquisition expands Authentix' portfolio and offerings in
the Banknote, Currency, and Brand Protection business sectors and
further compliments and leverages other business lines such as high
security printing to support Authentix's ongoing growth in our
authentication group covering central banks, governments, and
commercial brand owners," stated Kevin
McKenna, President and CEO of Authentix, adding that "Nano
optic security is the next generation advancement in
anticounterfeiting and authentication technology and puts Authentix
in a unique position to continue as the industry leader in
innovation."
Authentix will continue to operate two key Canadian facilities
of NSC in Burnaby, British
Colombia and Thurso, Quebec as
Authentix technology and manufacturing sites. Additionally, certain
previous employees of NSC will become employees of Authentix
and continue in key roles advancing the technology suite and
expanding market share.
About Authentix
As the authority in authentication solutions, Authentix brings
traceability to today's complex global supply chains. For over 25
years, Authentix has provided clients with physical and
software-enabled solutions to detect, mitigate, and prevent
counterfeiting and other illicit trading activity for currency,
excise taxable goods, and branded consumer products. Through a
proven partnership model and deep sector expertise, clients
experience custom solution design and complete program management
to ensure product safety, revenue protection, and consumer trust.
Headquartered in Addison, Texas
USA, Authentix, Inc. has offices in North
America, Europe,
Middle East, Asia, and Africa serving clients worldwide. For more
information, visit https://www.authentix.com. Authentix®
is a registered trademark of Authentix, Inc.
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