Wednesday, March 26, 2014
WASHINGTON, DC--- LaserLock Technologies, Inc. (OTCBB: LLTI), a company involved in authenticating products and people, has been selected to provide DuoChrome+, a unique, exclusive pigment offered through ABNote Corporation to the new national ID card of the Dominican Republic. The sale of the color-changing pigment is a result of an exclusive relationship between LaserLock and ABnote to market DuoChrome+™.
DuoChrome+™ is a unique pigment offered by LaserLock through ABnote for the protection of plastic cards and secure documents, including national ID cards, passports, bank and credit cards and government documents. It utilizes green technology to change color instantly when moved between fluorescent and other kinds of light sources. It contains multiple, embedded covert features as well.
"We are thrilled to be expanding our security pigments into new markets," said Neil Alpert, Chief Executive Officer. "We look forward to continue our strong partnership with ABnote and we are confident that LaserLock's pigments are going to continue to become the security feature of choice for governments around the world."
LaserLock offers a variety of security pigments containing both overt and covert security features, providing for multi-layered security. The pigments are ideal anti-counterfeiting tools for government documents, such as national ID cards and passports, as well as pharmaceuticals, luxury retail goods, apparel and electronics. The company entered into a strategic partnership with ABnote in April 2013.
"We strongly value our relationship with LaserLock," said Keith Goldstein, CEO of ABnote North America. "A key part of our strategic direction is for us to have innovative partners offering unique technology so we can continually offer increased value and security to our customers."
ABOUT LASERLOCK TECHNOLOGIES, INC.
LaserLock is a high-tech solutions company in the field of authenticating products and people. It offers state of the art solutions to combat counterfeiting and identity fraud for governments, health care providers, the gaming industry, the financial services industry and high-end retailers.
ABOUT AMERICAN BANKNOTE CORPORATION
Founded in 1795 by American patriot Paul Revere, ABnote has locations in the Americas, Europe and Australasia, and is a leading and trusted global provider of secure document solutions. Its primary products include EMV and mag stripe financial cards (such as debit and credit cards), identification documents (such as passports, national identity cards and driver's licenses), commercial plastic cards (gift, loyalty and membership), and secure documents (savings bonds, stock certificates, vital records, and checks). The company is also a leader in innovative services and solutions, such as its NFC mobile payment platform, multiple TSMs throughout the world, and personalization, secure warehousing, distribution and fulfillment capabilities worldwide.