VerifyMe, a technology solutions company that markets a portfolio of patented products in the field of counterfeiting prevention, authentication, track and trace, serialization and multi-factor biometric verification solutions, announced the receipt of an initial order.
This order is for the printing of 10 million labels with VerifyMe’s authentication serialization technology for a large global brand owner.
Patrick White, president and chief executive officer of VerifyMe, commented, “This is a major milestone for VerifyMe and its shareholders. We have now entered the revenue generation stage of VerifyMe’s evolution.”
White continued, “This particular project is for a well-known brand owner who is applying our technology on 10 million labels for one product which will be sold and tracked in the consumer marketplace. Going forward, we expect this project to act as a catalyst for our licensed label and packaging printers to apply our technology to a multitude of products/SKUs for this particular global brand owner as well as a variety of other well-known global consumer product companies who need our serialization and authentication security for their clients global packaging and label needs.”
VerifyMe has an ink technology supplier contract with HP indigo. VerifyMe’s ink technology is certified for use by HP Indigo owners on their 6000 series HP Indigo digital printing presses. HP Indigo markets VerifyMe RainbowSecure™ Technology as “HP Indigo Security ElectroInks.”
Security and contractual obligations prevent the company from disclosing the name of the brand owner.
VerifyMe, Inc., is a technology solutions company that markets a portfolio of patented products in the field of counterfeiting prevention, authentication, track and trace, serialization and multi-factor verification biometric solutions.
VerifyMe’s physical technology authenticates packaging, labels, products & documents with a suite of proprietary security inks and pigments.
Source: Company Press Release