Friday, November 1, 2013
WASHINGTON, November 1, 2013 – LaserLock Technologies, Inc. (LLTI:OTCQB), company that authenticates products and people, today announced it was awarded a new patent (US Patent No. 8,551,683 B2) for its proprietary color changing ink technology the Company markets as SecureLightTM, used as an anti-counterfeiting tool in a wide variety of industries. The patent extends the protections of LaserLock’s current patent for the color changing ink by 28 months and incorporates new intellectual property protections on the technology.
“The value of LaserLock’s intellectual property positions the Company very strongly in the anti-counterfeiting field,” said Neil Alpert, Chief Executive Officer. “The new claims in our patent for our state-of-the-art product SecureLight further protects that value and the integrity of our technology for our clients.”
SecureLightTM is an exclusive, state-of-the-art security pigment that is based on more than a decade of research in the anti-counterfeiting industry. By taking advantage of green technology, SecureLightTM has the ability to instantly change color under both CFL (compact fluorescent light) and LED light sources, which have become virtually ubiquitous around the globe. The additional claims in the new patent add a variety of methods of incorporating the pigment into a product, including as a surface coating on a product, direct incorporation into a product or as an identifying mark on a product. This allows the company to vary its offerings of the technology while still maintaining the security of its intellectual property.
“Our strong and growing portfolio of intellectual property is enhanced with this new patent,” said Michael R. Sonnenreich, Chairman of the Board. “As we build on the recent sales of this technology, the Company now has an expanded market for its services.”
ABOUT LASERLOCK TECHNOLOGIES, INC.
LaserLock Technologies is a high-tech solutions company that authenticates products and people. It offers state-of-the-art solutions to combat counterfeiting and identity fraud for governments and health care providers, as well as the gaming, financial services and high-end retail industries.
The company authenticates products, government documents and currency with a suite of proprietary security inks and digital solutions that have never been compromised, making them safer than other anti-counterfeiting technologies such as holograms. LaserLock’s anti-counterfeiting solutions protect the reputation and bottom-line of governments and businesses around the world.
The company authenticates people by performing strong, multi-factor identity validation via a patented digital platform called VerifyMeTM, which identifies an individual by requiring a shared secret (something you know), a physical token (something you have) and a biometric factor (something you are). The process takes less than five seconds and achieves military-grade authentication standards. As the world moves away from password-based authentication technology, LaserLock’s VerifyMeTM platform offers a more secure and easier alternative for authenticating online identities.