VerifyMe Licensed Printer Secures labels for Well-Known Brand Owner Incorporating VerifyMe Label and Packaging Technology Which Serializes, Authenticates and Prevents Counterfeiting
ROCHESTER, N.Y., July 17, 2018 /PRNewswire/ -- VerifyMe, Inc. (OTCQB: VRME), 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 today 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.
About VerifyMe, Inc.
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. The company's digital technologies authenticate people and financial transactions by performing strong, multi-factor biometric verification via its digital software platforms. To learn more, visit www.verifyme.com.
Safe Harbor Statement
This release contains forward-looking statements regarding future use of our technologies and revenue opportunities, which involve uncertainty and risk. The words "believe," "may," "estimate," "continue," "anticipate," "intend," "should," "plan," "could," "target," "potential," "is likely," "will," "expect" and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Important factors that could cause actual results to differ from those in the forward-looking statements include the reluctance of major brand owners to use new products, delays by the manufacturer in delivering prototypes for VerifyMe's authenticators and the performance of the authenticators in the field. Further information on our risk factors is contained in our filings with the SEC, including the Form 10-K for the year ended December 31, 2017. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.
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Company: VerifyMe, Inc.