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2013

LASERLOCK TECHNOLOGIES HOLDS 2013 ANNUAL GENERAL MEETING

Tuesday, December 10, 2013

WASHINGTON, DC--(Dec 10, 2013) - LaserLock Technologies, Inc. (OTCBB: LLTI), a company involved in authenticating products and people, held its 2013 Annual General Meeting on December 9th in Washington, DC. Shareholders expressed strong support for the Company's directors and all resolutions placed before them. Of 243,500,886 shares entitled to vote, 174,733,104 shares were voted, representing 69 percent of total shares.

The shareholders approved all resolutions placed before them. Michael R. Sonnenreich was reelected as Chairman of the Board. Additionally, Claudio R. Ballard, Sec. Michael Chertoff, Constance B. Harriman, General Peter Pace (USMC, Ret.), Jonathan R. Weinberger, Amb. Paul Wolfowitz and Neil Alpert, the company's Chief Executive Officer were all reelected. All directors on the ballot were elected to the Board. Morrison Cogen was retained as the Company's external auditors. Additionally, the shareholders approved the 2013 Omnibus Equity Compensation Plan, an advisory resolution regarding executive officer compensation and an advisory resolution requiring a future compensation plan vote after one year.

Immediately following the Annual General Meeting, the Board of Directors held its fourth quarter meeting, at which Paul F. Klapper of San Francisco was chosen to fill an empty seat on the Board of Directors.

"We are pleased to welcome Paul Klapper to the Board of Directors," said Sonnenreich. "His wealth of business experience in a large variety of sectors will assist the Company's growth in 2014 and beyond."

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.

LaserLock Technologies Holds 2013 Annual General Meeting

STRENGTHENING YOUR SUPPLY CHAIN TO FIGHT COUNTERFEITING

Friday, December 6, 2013

6-Dec-2013

Over the last 35 years, I have witnessed firsthand many drastic changes in the manufacturing industry, but nothing has ever compared to the entrance of counterfeiting. However, the criminal underground should not be exclusively faulted, because the manufacturing industry has unwittingly but directly contributed to the explosive growth of the counterfeit and the gray market (a system of trade that’s unauthorized, unofficial and frowned upon, but not illegal).

Historically, the growth of the global counterfeiting industry has been attributed to seven driving forces, including:
 

  • A slumping economy
  • Low-cost, advanced technology
  • Trade globalization
  • Consumer complicity
  • Channel and market expansion
  • Powerful global brands
  • Weak international regulations and enforcement

The explosive growth in counterfeiting is mainly attributed to the digital era, as the Internet turned counterfeiting into a low-risk market by affording counterfeiters a nearly unlimited global market, low-cost communications and potential anonymity. Additionally, the general practice of information sharing allows counterfeiters to readily access proprietary information and ultimately capitalize on the demand for high-end brands.

Assess your vulnerabilities

Given the fragile nature of a manufacturer’s most valuable equity, seasoned supply chain leaders shouldn’t be surprised by the emergence of brand counterfeiting. As a whole, the manufacturing industry’s efforts to protect intellectual property (IP) have been ineffective thus far. Even the most highly regarded global organizations have shared their standard operating procedures (SOPs) with external parties, trained them on quality manufacturing and even transferred tooling and printing plates. To truly mitigate the risks of counterfeiting, manufacturers must objectively assess the effectiveness of their existing efforts by considering the following:

  • Do we conduct due diligence in regards to contractor and employee background checks, as well as facility security, inventory accountability and destruction of unsalable materials?
  • Do we regularly audit every external facility that participates in our supply chain?
  • Do we ensure all of our retired tangible assets are properly destroyed and inaccessible to counterfeiters?
  • Do our existing processes, procedures and knowledge enable us to trust with verification?

Companies that are unable or unwilling to address each component of this assessment are vulnerable to and likely enabling the counterfeit production of its brands.

Leveling the playing field

Though counterfeiters are reliant on a manufacturing source, they have the advantage of mimicking a legitimate brand. Fortunately, an arsenal of risk mitigating practices and countermeasures are available today and highly recommended, especially for companies in high-risk countries like China, Brazil, India or Paraguay.

Despite the available solutions, the industry will continue to struggle with counterfeiting until it properly leverages the knowledge and unique perspectives of its supply chain counterparts. Incorporating these perspectives equips companies with the ability to comply with stricter supply regulations, realize the benefits of anti-counterfeit (ACF) technologies and utilize a layered approach to secure their brands.

Diversifying and combining all of these, as well as updating tactics periodically, can drastically reduce vulnerability. However, the lack of a single entity or legislation that provides end-to-end supply chain security has led to technology experts being tapped for help with brand protection. Likewise, manufacturers are returning the favor by providing technologists with inside knowledge of the best methods for installing and integrating authentication solutions into existing SOPs.

Any expert can present a case in support of adopting ACF technology and brand protection solutions. The problem lies with manufacturers who are convinced that high supply chain visibility is detrimental to success. Likewise, traders and distributors are reluctant to share transaction records, fearing it diminishes their value as intermediaries and may result in lost business. To date, many parties in the supply chain still resist collaboration despite the harmful - or even fatal - consequences that a diluted brand can pose to the industry, supply chain, retailers and consumers.

Manufacturing executives who are hesitant to invest in fighting counterfeiting can gain confidence by adhering to these guiding principles:

Embrace the counterfeiting threat. Manufacturing leaders must accept responsibility by holding themselves accountable for supply integrity and demonstrating an awareness of the growing threat to their business, supply chain and consumer health and safety. To accomplish this, stakeholders can publicly campaign for the implementation of a zero-tolerance policy for breaches by employees, suppliers and third-party providers.

Protect IP and operational practices. Prudent operational managers and executives should focus on protecting IP and other proprietary information by increasing visibility and control of production materials throughout the supply network. Best practices for protection include:

  • Instate mandatory ACF awareness training for all employees and contractors;
  • Monitor supply and demand trends across trade channels for aberrations that may indicate the presence of fake goods;
  • Respond aggressively to all incidents of fake goods;
  • Revise third-party agreements to ensure that any transactions outside of your authorized network are explicitly forbidden;
  • Authenticate returned goods before restocking and trace suspicious goods back to their sources;
  • Update disposal procedures for unsalable products and retired equipment to prevent access by counterfeiters;
  • Redesign facility and freight processes to ensure full asset protection; and
  • Continuously purchase and authenticate your finished goods in the open market.

Anti-counterfeit technology

There are several options available for companies in need of ACF solutions. Before investing, companies can determine which ACF solution is the best fit by evaluating its supply chain’s projected risk based on three components: the brand profile, active trade channels and target markets. Unfortunately, brands in highest demand are at greater risk due to increased global counterfeit production. ACF technologies, particularly those capable of full operational integration and downstream authentication, fall into three categories:

  • Sensory authentication: Overt and semi-covert packaging markings, such as holograms, color-changing inks and other sensitive materials;
  • Digital authentication: Forensic markings, barcodes and taggants that authenticate via package or product scan; and
  • Track & trace systems: Custom-built scanners or mobile applications that use unique identifiers to track product movement and/or retrace the chain of custody through the supply chain.

These solutions have strengths and limitations. For example, hologram authentication is relatively inexpensive, easily recognized and nearly effortless to implement by the commercial sector, but it’s also highly vulnerable to replication by counterfeiters. Digital authentication adds a layer of sophistication to the technology, but its process remains contingent on the use of a corresponding interrogating device.

Generally speaking, covert markings are more expensive to implement than its visible counterparts, and track and trace systems require the largest investment due to its multi-layer approach to security monitoring. Industries yielding high-risk goods, such as pharmaceuticals often prefer track and trace, and despite the financial drawbacks, legislators are increasingly mandating its adoption to better control the flow of goods.

Leave it to the experts

Before exploring the endless array of brand protection options and technology providers, it’s important to consult a brand specialist who can provide an objective risk assessment and help with the decision-making process. Specialists can advise on equipment specifications, such as vision systems and security materials, and their experience helps companies avoid project delays and unforeseen costs. In developing a comprehensive brand protection program, consultants can provide recommendations for the best practices, market monitoring tools and investigative support that will align with your overall strategic goals.

As criminals continue to profit off of the double-digit growth rate of counterfeit production, supply chain leaders must invest in aggressive brand protection initiatives, from auditing existing SOPs to revamping security and distribution practices and adopting ACF technology solutions.  Such a commitment is mandated by the threats to consumer health and safety, as well as the potential for brand dilution.

Most importantly, is understanding that no single company, technology, practice or program will mitigate these risks alone. The most viable solution for the future of manufacturing relies on multi-lateral cooperation on all fronts, from legislators and regulators to manufacturers, distributors and retailers—even consumers have a role to play. Gaining a competitive edge is not an option when consumer safety is on the line, so despite any initial misgivings about collaborating, the industry must ultimately find success together or not at all. 

This is the second article of a three-part series, co-authored by Neil Alpert, chief executive, and Ron Guido, chief marketing officer for LaserLock Technologies.

The first article - Exploiting Your Supply Chain: Confessions of a Counterfeiter - appeared on SecuringIndustry.com on October 20, 2013.

 

Strengthening Your Supply Chain to Fight Counterfeiting

LASERLOCK TECHNOLOGIES ANNOUNCES HIRING OF NEW CHIEF FINANCIAL OFFICER

Monday, November 25, 2013

WASHINGTON, DC--(Nov 25, 2013) - LaserLock Technologies, Inc. (OTCBB: LLTI), a company involved in authenticating products and people, today announced it has hired Ed Weisberger as its new Chief Financial Officer. He begins in his new position on December 2, 2013.

"We are thrilled to welcome Ed to the LaserLock team," said Neil Alpert, Chief Executive Officer. "His wide breadth of financial and accounting experience is particularly well suited to the current and future needs of our Company as we look forward to strong growth in 2014."

Weisberger has vast experience as a Certified Public Accountant with over twenty years of management experience. His past work includes time in senior positions at Igene Biotechnology, a public biotech company, and Deloitte and Touche, among many others. He has significant experience in financial modeling, strategic planning, financial forecasting, budgeting and SEC compliance.

"I am excited to bring my skills and experience to LaserLock, where I see a company that is quickly on the rise," said Weisberger. "LaserLock is solving some of the world's most pressing counterfeiting and identity fraud problems. I am excited to be a part of that and ensure that the Company is in a strong financial position as it confronts these challenges and embraces the opportunities before it."

 

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.

 

To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

LASERLOCK TECHNOLOGIES ANNOUNCES HIRING OF NEW CHIEF FINANCIAL OFFICER

Monday, November 25, 2013

WASHINGTON, DC--(Marketwired - Nov 25, 2013) - LaserLock Technologies, Inc. (OTCBB: LLTI), a company involved in authenticating products and people, today announced it has hired Ed Weisberger as its new Chief Financial Officer. He begins in his new position on December 2, 2013.

"We are thrilled to welcome Ed to the LaserLock team," said Neil Alpert, Chief Executive Officer. "His wide breadth of financial and accounting experience is particularly well suited to the current and future needs of our Company as we look forward to strong growth in 2014."

Weisberger has vast experience as a Certified Public Accountant with over twenty years of management experience. His past work includes time in senior positions at Igene Biotechnology, a public biotech company, and Deloitte and Touche, among many others. He has significant experience in financial modeling, strategic planning, financial forecasting, budgeting and SEC compliance.

"I am excited to bring my skills and experience to LaserLock, where I see a company that is quickly on the rise," said Weisberger. "LaserLock is solving some of the world's most pressing counterfeiting and identity fraud problems. I am excited to be a part of that and ensure that the Company is in a strong financial position as it confronts these challenges and embraces the opportunities before it."

LaserLock Technologies Announces Hiring of New Chief Financial Officer

LASERLOCK TECHNOLOGIES APPLAUDS SENATE PASSAGE OF THE DRUG QUALITY AND SECURITY ACT

Tuesday, November 19, 2013

WASHINGTON, DC--(Nov 19, 2013) - LaserLock Technologies, Inc. (OTCQB: LLTI), a company involved in authenticating products and people, today expressed its support of the Drug Quality and Security Act passed by the United States Senate.

"We are pleased that the Senate followed the strong bipartisan vote of the House earlier this year. This legislation is a desperately needed measure to protect the American people from the threat of counterfeit pharmaceuticals," said Neil Alpert, CEO of LaserLock Technologies. "We strongly urge President Obama to sign the bill as soon as possible."

The new law requires the Food and Drug Administration to implement an electronic system of tracing pharmaceuticals throughout the supply chain at the unit level and establishes a system of pilot projects in order to find the most cost-effective and secure technologies in order to achieve that goal.

In April 2013, LaserLock Technologies testified to the Subcommittee on Health of the House Energy and Commerce Committee on the subject of securing the nation's pharmaceutical supply chain. LaserLock recommended a modern, innovative supply chain that combines the ubiquity of mobile devices, high-tech optics, secure anti-counterfeiting technologies and the development of authentication databases. In May 2013, LaserLock Technologies hired Ron Guido, formerly the head of Johnson & Johnson's anti-counterfeiting division, to assist the Company in marketing its anti-counterfeiting and track and trace solutions to the pharmaceutical industry.

"Now that a track and trace system will be the law of the land, we are looking forward to participating in this process with our unique, secure solutions to secure the national drug supply chain," said Michael Sonnenreich, Chairman of the Board. "LaserLock is uniquely positioned to play a leadership role in designing this system."

LaserLock Technologies' testimony to the House Energy and Commerce Committee can be found here.

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.

To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

LaserLock Technologies Applauds Senate Passage of the Drug Quality and Security Act

LASERLOCK TECHNOLOGIES AND ABNOTE'S "SECURE MY WALLET" IS SESAMES AWARD FINALIST AT CARTES PARIS

Monday, November 18, 2013

WASHINGTON, D.C., November 18, 2013 - LaserLock Technologies, Inc. (OTCBB: LLTI), a global leader in providing state-of-the-art authentication solutions and ABnote, a leading global card manufacturer and provider of financial and secure credentialing solutions have collaborated to create “Secure My Wallet”, a card based mobile offering that can securely access a healthcare account across multiple healthcare provider networks.  Secure My Wallet has been named a finalist for a Sesames Award in the Identification/ID Cards/Health category. This honor will be awarded to ten top technological innovations across multiple sectors, and will be announced Monday, November 18.

The solution combines LaserLock Technologies’ VerifyMe™ authentication application with ABnote’s TSM (Trusted Service Manager) and its NFC wallet application, resulting in a configurable mobile application that allows a consumer to easily and securely manage their healthcare network access. 

“To have ABnote be a finalist for a Sesames Award is an honor and we are proud of our strong relationship with ABnote,” said Neil Alpert, Chief Executive Officer. “This innovative solution strongly protects patient privacy in electronic healthcare record databases and it expands the scope of our relationship with ABnote to include not only our security inks, which are utilized to protect government documents around the world, but now our strong, multi-factor authentication solution VerifyMeTM as well. We are optimistic about the future of our relationship combining both physical and digital authentication solutions.”

“Unlike the networks for financial payment systems, the legacy infrastructure in today’s healthcare ecosystem is still evolving into a single cohesive network that provides global healthcare record access for authorized entities.  By combining the VerifyMe application with our existing wallet and TSM service we’ve essentially developed a staged offer for the industry that allows one card application to securely authenticate and communicate to any healthcare network” said John Ekers, ABnote’s Global CIO. He added, “We expect to see many more hybrid offers that will combine security, user authentication and innovation to advance the services that security consumers and healthcare practitioners expect, and we look forward to a continued relationship with LaserLock Technologies to see this to fruition.”

The combined solution will be demonstrated in the ABnote booth in Hall 4, Aisle J, Booth 92 at the Cartes Paris Secure Connexions Event, taking place from Nov. 19 – 21 at the Paris-Nord Villepinte Exhibition Centre.

 

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.

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 performs 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 identity.

To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

 

ABOUT ABNOTE

ABnote, with facilities in North America, Europe, Africa, and Australasia, is a premier and trusted provider of secure products and solutions. We provide solutions to global customers including financial,

retail, government, and many other commercial markets. ABnote’s primary products include financial cards (Dual Interface, EMV, magnetic stripe), identification and credential cards (Drivers’ Licenses, National ID cards, Student ID), transit cards, hotel, facility and theme park  access cards and membership programs, retail plastic cards (gift, loyalty, RFID), barcodes and labels and secure documents (vital records, certificates, passports, and more); along with complimentary secure services, including instant card issuance, NFC mobile payments, TSM, personalization, secure warehousing, distribution and fulfillment. 

 

INVESTOR RELATIONS

LaserLock Technologies

IR@laserlocktech.com

LaserLock Technologies and ABnote's "Secure My Wallet" Is Sesames Award Finalist at Cartes Paris

LASERLOCK TECHNOLOGIES AWARDED A NEW PATENT FOR COLOR CHANGING INK

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.

 

To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

LASERLOCK TECHNOLOGIES ANNOUNCES UPDATED VERSION OF VERIFYME™ SSO APP FOR IOS 7, INCLUDES NEW FRAUD PREVENTION FEATURE

Friday, October 18, 2013

 

WASHINGTON, Oct. 18, 2013  -- LaserLock Technologies, Inc. (OTCBB: LLTI), a company that authenticates products and people, today announced a new version of its VerifyMe™ Single Sign-On (SSO) app compatible with iOS 7, the latest version of the Apple® platform. The app now provides notification services that help protect against identity theft. This new version supports all of the improvements and enhancements in iOS 7 and is available for free download in the Apple iTunes Store.

"Like Apple with iOS 7 itself, we started with a desire to take something people love and make it better," said Neil Alpert, Chief Executive Officer. "We're proud to fully support iOS 7 and deliver improvements and new features to everyone who loves VerifyMe SSO."

VerifyMe SSO Version 1.1 is now available to replace Version 1.0. This update contains optimized compatibility with iOS 7. All VerifyMe SSO users who have saved login information within the app will have a smooth transition of their stored passwords into Apple's newest operating system. Saved login information can be stored locally on an iOS 7 compatible device, including all iPhone, iPad and iPod models. VerifyMe SSO utilizes the latest encryption techniques and a unique color swipe gesture to protect all of your most important login credentials.

VerifyMe SSO has also been updated with a notification option. This option can be enabled to send the user an email or text message alert whenever repeated attempts to access the VerifyMe SSO app are unsuccessful. For instance, if someone tries to "break in" to your VerifyMe SSO passwords on your iPad, you will receive a text alert on your iPhone. This gives you an extra level of assurance that your passwords are only accessed by you with your unique swipe and color pattern.

"We are constantly innovating to stay ahead of those who seek to harm consumers," said Michael R. Sonnenreich, Chairman of the Board. "Our new notification option will further protect our users' online identities as we prepare to release an even more enhanced and secure version of our app in the near future."

To download the VerifyMe app visit: http://applestore.com/verifymesso
 

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 VerifyMeTMplatform offers a more secure and easier alternative for authenticating online identities.

LASERLOCK TECHNOLOGIES RECOMMENDATIONS INCLUDED IN UPDATED NEW JERSEY INTERNET GAMING REGULATIONS

Wednesday, October 9, 2013

WASHINGTON, Oct. 9, 2013 -- LaserLock Technologies (OTCBB: LLTI), a company that authenticates products and people, is pleased to report that the New Jersey Division of Gaming Enforcement's final rules on Internet and Mobile Gaming incorporate revisions consistent with all three of the suggestions advanced by LaserLock during the public comment period. The final rules, adopted by Director David L. Rebuck on September 26, 2013, effective October 28, 2013, address concerns raised by LaserLock with regard to authentication of patrons wishing to place wagers.

LaserLock lobbied for the inclusion of stronger authentication mechanisms than were originally incorporated in the regulations. LaserLock suggested a multi-factor authentication system, the hallmark of LaserLock's VerifyMeTM platform, with the inclusion of dynamic facial recognition, which guards against identity fraud by ensuring the player who claims to be logging in is not simply a static HD image being held up to the camera.  

"I am delighted that LaserLock's VerifyMeTM product line meets or exceeds New Jersey's robust authentication requirements," said Neil Alpert, Chief Executive Officer.  "LaserLock expects to submit the entire VerifyMe Gaming Suite to the Division in the near term."

The VerifyMe Gaming Suite includes authentication technologies that involve a color gesture swipe (something you know), a biometric facial scan (something you are) and a mobile device (something you have) to achieve positive identification and location verification. It can also incorporate credit agency and other database verification capabilities to perform initial identity validation and reliably verify age. Each component can be used independently or collectively to achieve the highest level of identification. 

"This is an important step for LaserLock as we continue our growth in the gaming industry," said Michael R. Sonnenreich, Chairman of the Board. "As more states move toward legalizing Internet gambling, they will look at New Jersey as the model of thoughtful and secure regulations. We are excited that they include our expertise in human authentication technologies."

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock 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, health care providers, the gaming industry, the financial services industry and high-end retailers.

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 VerifyMeTMplatform offers a more secure and easier alternative for authenticating online identity.

LASERLOCK TECHNOLOGIES ANNOUNCES SALE OF SECURELIGHT+ PILOT PROJECT WITH LARGE JAPANESE LABEL PRINTER

Thursday, October 3, 2013

WASHINGTON, Oct. 3, 2013 /PRNewswire/ -- LaserLock Technologies, Inc. (OTCBB: LLTI), a company that authenticates products and people, today announced the first sale of SecureLight+™ to a Japanese pharmaceutical labeling company. The company will conduct a significant pilot project utilizing SecureLight+™ and market the advanced anti-counterfeiting solution to pharmaceutical companies worldwide.

SecureLight+™ is an exclusive, state-of-the-art security pigment that combines multiple levels of security to thwart counterfeiters. By taking advantage of green technology, SecureLight+™ has the ability to instantly change color under both CFL (Compact Fluorescent Lights) and LED light sources. Simultaneously embedded with SecureLight+™ is an additional safeguard that contains an upconverting IR feature and customizable digital signature that can only be read with a specifically tuned handheld device.

"We are excited to announce that our revolutionary anti-counterfeiting technology has now expanded into the Asian market," said Neil Alpert, Chief Executive Officer. "Consumers and pharmaceutical companies that utilize our partner's labels containing SecureLight+™ will know that their drugs are authentic and safe."

Counterfeit pharmaceuticals are an increasingly profitable and dangerous product for international criminal syndicates, and pharmaceutical companies around the world are taking increased interest in protecting their products and customers from the counterfeit drug trade.

"LaserLock is positioning itself as a premiere provider of anti-counterfeiting and authentication services across a wide swath of industries," said Michael R. Sonnenreich, Chairman of the Board. "This project represents the penetration of SecureLight+™ into the Japanese market, and we anticipate steady and continued growth in this area."

It is LaserLock's policy to not disclose the identities of its clients.

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.

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 VerifyMe™, 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 VerifyMe™ platform offers a more secure and easier alternative for authenticating online identity.

To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

MEDIA INQUIRIES 
Ann Marie Clements
Sage Communications (for LaserLock Technologies) 
703-584-5641 
aclements@aboutsage.com

INVESTOR RELATIONS
LaserLock Technologies 
IR@laserlocktech.com

LASERLOCK TECHNOLOGIES APPLAUDS THE U.S. HOUSE PASSAGE OF THE DRUG QUALITY AND SECURITY ACT

Monday, September 30, 2013

WASHINGTON, Sept. 30, 2013 /PRNewswire/ -- LaserLock Technologies, Inc. (OTCBB: LLTI), a company involved in authenticating products and people, today expressed its support of the Drug Quality and Security Act passed by the U.S. House of Representatives. The bill would create a national set of standards to track pharmaceuticals through the distribution chain to help thwart the introduction of fake medication into the drug supply.

"We are pleased that the U.S. House is taking desperately needed measures to protect the American people from the threat of counterfeit pharmaceuticals and we strongly urge the Senate to do the same," said Neil Alpert, CEO of LaserLock Technologies. "We believe it is critical that government, the healthcare industry and authentication providers work together to solve this problem and our Characteristic Verification System is uniquely positioned to provide this kind of service."

The new law requires the Food and Drug Administration to implement an electronic system to trace pharmaceuticals throughout the supply chain at the unit level and establish a system of pilot projects in order to find the most cost-effective and secure technologies.

In April 2013, LaserLock Technologies testified to the Subcommittee on Health of the House Energy and Commerce Committee on the subject of securing the nation's pharmaceutical supply chain. The Company recommended a modern, innovative supply chain that combines the ubiquity of mobile devices, high-tech optics, secure anti-counterfeiting technologies and the development of authentication databases. In May 2013, Ron Guido, formerly the head Johnson & Johnson's anti-counterfeiting division, joined LaserLock Technologies to assist the Company in marketing its anti-counterfeiting and track and trace solutions to the pharmaceutical industry.

"When the FDA begins to implement this crucial program, LaserLock is looking forward to participating in pilot projects and public meetings with other industry stakeholders on how to best trace pharmaceuticals through the supply chain," said Michael Sonnenreich, Chairman of the Board of LaserLock Technologies . "LaserLock is uniquely positioned to play a leadership role in designing such a system."

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.

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 identity.

To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

 

MEDIA INQUIRIES
Ann Marie Clements
Sage Communications (for LaserLock Technologies)
703-584-5641  
aclements@aboutsage.com

INVESTOR RELATIONS
LaserLock Technologies  
IR@laserlocktech.com

LASERLOCK TECHNOLOGIES ANNOUNCES SALE OF SECURELIGHT+™ TO PROTECT PROMOTIONAL GAME PIECES

Thursday, September 19, 2013

WASHINGTON, Sept. 19, 2013 /PRNewswire/ -- LaserLock Technologies (OTCBB: LLTI), a company involved in authenticating products and persons, announced today that it has made a sale of its SecureLight+™ technology to a promotions company to secure contest pieces.

"We are excited to announce that our state-of-the-art product SecureLight+™ will be incorporated into an exciting promotional product," said Neil Alpert, Chief Executive Officer.

SecureLight+™ is an exclusive, state-of-the-art security pigment that combines multiple levels of security to thwart counterfeiters. By taking advantage of green technology, SecureLight+TM has the ability to instantly change color under both CFL (Compact Fluorescent Lights) and LED light sources. Simultaneously embedded with SecureLight+™ is an additional safeguard that contains an upconverting IR feature and customizable digital signature that can only be read with a specifically tuned handheld device.

The Company is selling its SecureLight+™ technology to secure the game pieces of a nationwide contest, in order to ensure their authenticity and protect both LaserLock's client and participants from counterfeit pieces that threaten the contest's integrity.

"This represents one of just many uses of SecureLight+™," said Michael R. Sonnenreich, Chairman of the Board. "This technology is versatile and compatible in many industries threatened by counterfeiting due to its unique, simple and uncompromised security features."

It is LaserLock's policy not to disclose the identities of its clients.

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.

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 performs strong, multi-factor identity validation via a patented digital platform called VerifyMe™, 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 VerifyMe™ platform offers a more secure and easier alternative for authenticating online identities.

To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

MEDIA INQUIRIES
Ann Marie Clements
Sage Communications (for LaserLock Technologies)
703-584-5641
aclements@aboutsage.com

INVESTOR RELATIONS
LaserLock Technologies
IR@laserlocktech.com

 

LASERLOCK TECHNOLOGIES FILES A NEW PROVISIONAL PATENT WHICH SECURES PLAYER IDENTITY ON INTERNET GAMING PLATFORMS

Friday, September 13, 2013

WASHINGTON, D.C., Friday, September 13, 2013 – LaserLock Technologies (LLTI:OTCBB), a company involved in authenticating products and persons, announced today that it has filed a provisional patent application entitled “System For Correlation of Independent Authentication Mechanisms”. The system authenticates human subjects using three independent factors simultaneously, creating a simple user experience and a higher degree of security than currently available on the market. This technology is especially useful for securing player identity on internet gaming platforms.

The system incorporates three factors of authentication: a color gesture swipe (something you know), a smartphone or tablet (something you have) and facial recognition (something you are), already hallmarks of LaserLock’s VerifyMeTM platform. This system is unique in that the color gesture swipe and biometric scan are performed simultaneously: when the user inputs the color gesture swipe into their device, the front-facing camera of the device performs a facial recognition scan simultaneously. The security of the system is enhanced when, during the facial scan, the camera also detects the direction the users eyes are moving in. This prevents an imposter from fooling the facial recognition software by holding up a picture or a pre-recorded video of the person they are attempting to impersonate.

“As authentication technology moves away from passwords and PINs, LaserLock is staying ahead of the curve with this state-of-the-art authentications system,” said Neil Alpert, Chief Executive Officer. “This technology takes advantage of our existing biometric capabilities, including state-of-the-art facial recognition, and can easily incorporate additional capabilities such as fingerprint and retinal scans.”

The technology has a variety of applications, and is an easy alternative to traditional passwords and PINs. Companies incorporating the VerifyMeTM platform into their sign-on process offer their customers a vastly higher level of security and make it simpler to log in to their user accounts by not having to remember long, complex passwords.

“We believe this is game-changing technology for existing and future internet gaming platforms,” said Michael R. Sonnenreich, Chairman of the Board. “We are continuing to roll out products that are safer and easier than the outdated system of passwords and PINs, and that is good news for consumers and companies providing other online services.”

The Company expects this new technology to have wide popularity in the financial services industry, online gambling platforms and any login system that is susceptible to password hacking.

 

 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.

 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 performs 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 identity.

To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

 

MEDIA INQUIRIES

Ann Marie Clements

Sage Communications (for LaserLock Technologies)

703-584-5641

aclements@aboutsage.com

 

INVESTOR RELATIONS

LaserLock Technologies

IR@laserlocktech.com

LASERLOCK TECHNOLOGIES MOVES FORWARD WITH AN EVEN MORE SECURE MULTI-FACTOR INTERNET/MOBILE LOGIN SYSTEM

Wednesday, July 17, 2013

WASHINGTON, D.C. July 17, 2013 - LaserLock Technologies, Inc. (OTCBB:LLTI), a global leader in providing state-of-the-art authentication solutions to governments, health care providers, high-end retailers and the gaming industry is preparing for the expansion of its VerifyMeTM brand. The Company launched its free password wallet app in March, 2013, that allows users to securely store their passwords to the most popular web platforms and access them only with a color-based gesture swipe stored uniquely on their mobile device. This allows users to create lengthy, complex passwords without having to remember them, making their online presence more secure.

The Company is planning the launch of two new VerifyMeTM products in the coming months. The first is a more advanced, paid app that incorporates cutting-edge facial recognition technology to further secure users’ login information, with a launch planned for September, 2013. This multi-factor authentication technology requires something you know, something you are and something you have in order to authenticate an individual’s identity. When a user puts in their gesture swipe (something they know) the API will simultaneously perform a biometric scan (something they are) and a geo-location tag (something they have), resulting in a rapid and secure authentication.

“LaserLock is excited to launch this new phase of our VerifyMeTM brand,” said Neil Alpert, CEO of LaserLock Technologies. “We are sure that VerifyMeTM is a powerful, secure and simple to use alternative to traditional passwords – which are no longer the best way to protects one’s online identity.”

The second VerfyMeTM product is aimed at web developers by offering a more secure sign-on technology than traditional passwords or alternative sign-on methods. VerifyMeTM incorporates geo-location into the login process, providing individual users with a higher level of authentication and corporate users with a much more secure form of identification.

“We believe that VerifyMeTM has a huge potential to change the way people protect their identities on the Internet and on their mobile devices,” said Michael R. Sonnenreich, Chairman of the Board. “Its strong, multi-factor authentication and its simple use make it the ideal technology to replace the currently compromised system of usernames and passwords.”

The current version of the free VerifyMeTM app for iPhone, iPad and iPod can be downloaded at the Apple Store.

 

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock Technologies, Inc. based in Washington, D.C. is publicly traded on the OTC Market under the ticker symbol “LLTI”. The Company markets security technology to protect pharmaceuticals, high-end retail goods, the gaming industry, documents and branded products from counterfeiting. To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

LASERLOCK TECHNOLOGIES FILES NEW PROVISIONAL PATENT FOR ENHANCED DOCUMENT SECURITY

Thursday, March 21, 2013

WASHINGTON, D.C., March 21, 2013 -­ LaserLock Technologies, Inc. (OTCBB:LLTI), a global leader in providing state-­of-­the-­art authentication solutions to governments, health care providers,high-­end retailers and the casino industry today announced it has filed another provisional patent application (see press release dated February 20, 2013 concerning CVS provisional patent) for a System for Providing a Tangible Medium with an Electromagnetic Security Marker. The technology, called SequrPaperTM, will allow for sensitive documents to be secured by governmental, research and other protected facilities around the world.

This technology solves the growing problem of document theft in three ways. First, SequrPaperTM can be used in any printer and allow all new documents to be secured within that facility. Second, SequrPaperTMprevents any copies of documents made from being removed from the facility. Third, this technology can also be embedded into a transparent tape that an be attached to already existing documents and make them as secure as if they were newly printed. Additionally, SequrPaperTM contains other LaserLock’s technologies to assure against any document being photocopied.

“Everyday we read stories about technical and sensitive information being stolen,” said Neil Alpert, President of LaserLock Technologies. “LaserLock’s new SequrPaperTM technology provides for a cost efficient way to secure intellectual property and sensitive information.” SequrPaperTM is the latest patent in a growing list of security and anti-­‐counterfeiting technologies that LaserLock has brought to market in 2013.

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock Technologies, Inc. based in Washington, D.C., is publicly traded on the OTC Market under the ticker symbol “LLTI”. The Company markets security technology to protect governments, health care providers, high-end retailers, the casino industry, documents and branded products from counterfeiting. To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

LASERLOCK TECHNOLOGIES FILES NEW PROVISIONAL PATENT FOR STATE-OF-THE-ART ANTI-COUNTERFEITING TECHNOLOGY

Thursday, March 14, 2013

Multiple layers of authentication usher in new era of anti-counterfeiting and brand protection.

WASHINGTON, D.C., March 14, 2013 — LaserLock Technologies, Inc. (OTCBB:LLTI), a global leader in providing state-of-the-art authentication solutions to governments, health care providers, high-end retailers and casinos today announced it has filed a provisional patent application for a Covert Marking System Based On Multiple Latent Characteristics, which for the first time allows LaserLock’s clients a unique, economical and customizable way to authenticate their products.

Neil Alpert, President, stated, “Our clients have always wanted pigments that could be unique to their brand and/or product line. Our ability to combine multiple different latent characteristics satisfies their request, while greatly improving the security and resiliency of the solution.” LaserLock can now create pigments with several latent characteristics, only a portion of which might initially be used for authentication. Should any risks develop associated with a specific characteristic, another characteristic could be utilized in real-time, without requiring any change to the product or packaging, a unique advantage for the end user.

Michael Sonnenreich, Chairman of the Board, spoke more specifically to the customer requirements, “Our clients don’t believe the currently available solutions in the market meet their needs of uniqueness, low cost and state-of-the-art security. LaserLock has always excelled at delivering incredibly secure, economical solutions and our new multi-­‐ characteristic technology now allows us to deliver the complete solution our clients’ need. We’ve listened and we’ve responded.”

The provisional patent application describes a system for combining multiple latent characteristics within a single pigment. In combination with LaserLock’s other proprietary technologies, these pigments can be formulated into inks that work with all existing printing and packaging technologies including commercial, high speed, ink jet printers. As a result the new solutions don’t require any changes to existing manufacturing or production line processes or equipment, delivering seamless integration and immediate return on investment. 

 

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock Technologies, Inc. based in Washington, D.C. is publicly traded on the OTC Market under the ticker symbol “LLTI”. The Company markets secure technologies to protect governments, health care providers, high-end retail goods, the casino industry, documents and branded products from counterfeiting. To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech. 

LASERLOCK TECHNOLOGIES ANNOUNCES THOMAS BEZAS AS SENIOR VICE PRESIDENT OF BUSINESS DEVELOPMENT

Tuesday, February 26, 2013

PHILADELPHIA, Pa., February 26, 2013 - LaserLock Technologies, Inc. (OTC BB:LLTI), a global leader in providing state-of-the-art authentication solutions to pharmaceuticals, high-end retailers, casinos and governments, is pleased to announce the appointment of Thomas Bezas as Senior Vice President of Business Development.
In this role, Bezas will further LaserLock’s organic growth fueled by the recent expansion of its customer base in key industries. Bezas will focus on bringing new customers the same level of expertise and established anti-counterfeiting technology that LaserLock is recognized for by their current markets. In addition, he will manage the marketing staff as the company undergoes a rebrand.

“We are very excited to welcome Thomas to LaserLock as we begin to build a new client base in the pharmaceutical, retail, and government sectors worldwide,” said Neil Alpert, President of LaserLock Technologies. “Thomas’ experience at the nexus of the public and private sectors will prove invaluable in generating new customers and revenue for LaserLock.”

Bezas brings years of business development experience that will support LaserLock’s overall mission to provide state-of-the-art technology to organizations seeking protection against counterfeiting. In his previous position with Aeroflex, Inc, Bezas led strategic business development efforts focused on the U.S. military and members of the domestic defense industrial base, as well as numerous foreign governments. Previously he served on the staff of the U.S. House of Representative Small Business Committee, the U.S.-China Interparliamentary Exchange, and as a White House Fellow in the Department of Defense.

"LaserLock’s deep expertise and innovative approach to protecting goods, brands, intellectual property and people is a game changer for enterprises seeking protection
against the one-trillion-dollar threat counterfeiting poses,” said Thomas Bezas, Senior Vice President, Business Development. “I am thrilled to be part of a team that brings to the table easy-to-use solutions and look forward to working with industries and governments around the globe to protect their products, revenues and most importantly
their customers.”

To find out more about LaserLock Technologies (OTC BB: LLTI) visit its website at www.laserlocktech.comor follow us on Twitter @LaserLockTech.
 

 

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock Technologies, Inc. based in Bala Cynwyd, PA is publicly traded on the OTC Market under the ticker symbol “LLTI”. The Company markets security technology to
protect pharmaceuticals, high-end retail goods, the casino industry, documents and branded products from counterfeiting. To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

LASERLOCK TECHNOLOGIES FILES FOR PROVISIONAL PATENT ENABLING MOBILE PHONES WITH ANTI-COUNTERFEITING TECHNOLOGY

Wednesday, February 20, 2013

PHILADELPHIA, Pa., February 20, 2013 - LaserLock Technologies, Inc.
(OTCBB:LLTI), a global leader in providing state-of-the-art authentication solutions to governments, pharmaceuticals, high-end retailers, and casinos announced it has filed a provisional patent application for a Characteristic Verification System (CVS) enabling smart phones to simultaneously identify counterfeit products and protect against identity fraud. The CVS is a groundbreaking technology that sets a new standard in brand protection by combining LaserLock’s proven product authentication expertise with its recently acquired VerifyMe™ human authentication technology.

Acquired by LaserLock Technologies in December 2012, VerifyMe™ is a biometric verification system that uses a smartphone platform and a variety of methods to quickly and accurately prove the identity of any human being. It can also uniquely serialize individual products allowing complete verification of provenance, pedigree and movement. The new solution benefits from the near ubiquitous penetration of smart phones with integrated cameras and artificial light sources to create advanced inspection tools that can be made available at no additional cost.

“LaserLock’s new CVS provisional patent application is uniquely well-suited to take advantage of the increasing demand for more effective, more economical and more efficient authentication technology along supply chains,” said Neil Alpert, President of LaserLock Technologies. “This provisional patent application is a potential gamechanger for our company and our industry.”

The Characteristic Verification System utilizes technologies present in virtually all smartphones to capture both overt and covert anti-counterfeiting measures on any given product, as well as verify the identity of the person performing that action. Its applications range from protecting the most complex and sensitive supply chains to protecting the integrity of high-value retail goods.

“As more industries demand both human and product authentication simultaneously, LaserLock is positioned to assume a leadership role in this arena,” said Michael Sonnenreich, Chairman of LaserLock Technologies’ Board of Directors. “Just last week, the Institute of Medicine recommended that the United States Congress authorize and fund a mandatory track-and-trace program in the pharmaceutical industry that our technology is already designed to achieve.”

Additionally, LaserLock will be releasing VerifyMe™ applications for Android, BlackBerry, iOS (Apple) and Windows mobile devices including phones and tablets.

 

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock Technologies, Inc. based in Bala Cynwyd, PA is publicly traded on the OTC Market under the ticker symbol “LLTI”. The Company markets security technology to protect pharmaceuticals, high-end retail goods, the casino industry, documents and branded products from counterfeiting. To learn more, visit us at www.laserlocktech.com or follow us on Twitter @LaserLockTech.

PAUL DONFRIED JOINS LASERLOCK TECHNOLOGIES AS NEW CHIEF TECHNOLOGY OFFICER

PAUL DONFRIED JOINS LASERLOCK TECHNOLOGIES AS NEW CHIEF TECHNOLOGY OFFICER

Tuesday, January 29, 2013

PHILADELPHIA, Pa., January 29, 2013 - LaserLock Technologies, Inc. (OTC BB: LLTI), a global leader in providing state-of-the-art authentication solutions to pharmaceuticals, high-end retailers, casinos and governments, is pleased to announce the appointment of Paul Donfried as Chief Technology Officer. Donfried will support the company’s overall mission of providing anti-counterfeiting and brand-protection product solutions. In addition he will also manage both internal and external IT.

“We are delighted to welcome Paul to LaserLock as the company enters its next phase of growth and evolution,” said Neil Alpert, President of LaserLock Technologies. “Paul’s leadership skills and proven talent have already had a positive impact on the authentication world. We are confident he will prove to be a talented addition to our company and help solve the most complex challenges in the anti-counterfeiting arena.”

Donfried brings more than 20 years of experience in identity protection and authentication to LaserLock Technologies. His career includes nearly a decade of developing the SAFE-Biopharma Association, which focused on legally enforceable digital signatures for U.S. Food and Drug Administration (FDA) submissions. His work with the organization included developing and implementing a global enterprise I&AM infrastructure and a policy-driven, standards-based approach to global, legally enforceable digital signatures called SAFE.

“I am excited to be part of a team that brings to the table innovative and easy-to-use solutions that protect goods, brands, intellectual property and people,” said Paul Donfried. “Counterfeiting poses a one-trillion-dollar threat and compromises the future of the global economy. I look forward to leveraging my IT experience and providing technical leadership to make a greater impact against the challenges we must overcome with anti-counterfeiting measures.”

For the past three years, Donfried has served as Chief Technology Officer for Identity & Access Management at Verizon (NYSE:VZ). Prior to joining Verizon, Donfried served as the Vice President for SAIC Identity & Access Management Solutions (NYSE:SAI) where he worked with some of the world’s largest pharmaceutical companies.

To find out more about LaserLock Technologies (OTC BB: LLTI) visit its website at www.laserlocktech.comor follow us on Twitter @LaserLockTech.

 

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock Technologies, Inc. based in Bala Cynwyd, PA is publicly traded on the OTC Market under the ticker symbol “LLTI”. The Company markets security technology to protect pharmaceuticals, high-end retail goods, the casino industry, documents and branded products from counterfeiting. To learn more, visit us at www.laserlocktech.com.

View This Article on The Washington Post

LASERLOCK TECHNOLOGIES ANNOUNCES NEW BOARD OF DIRECTORS

Wednesday, January 23, 2013

PHILADELPHIA, Pa., January 23, 2013 - LaserLock Technologies, Inc. (OTC BB: LLTI), a global leader in providing state-of-the art authentication solutions to pharmaceuticals, high-end retailers, casinos and governments, has announced its 2013 Board of Directors. Technological advancements in computer imaging, the explosion of the Internet and subsequent growth of e-commerce have created significant increases in counterfeiting. The highly qualified individuals on the Board of Directors will add invaluable expertise to guide LaserLock Technologies toward a future of growth in 2013 and beyond.

Michael Sonnenreich, Chairman of Kikaku America, will be LaserLock’s new Chairman. Norman Gardner, founder of LaserLock Technologies, will be assuming the role of Vice Chairman.

“I am honored to be appointed Chairman of the Board of LaserLock Technologies, particularly during such an important time of growth for the company and the anticounterfeiting industry,” said Sonnenreich. “Today, it is estimated that counterfeiting is a $600 billion a year problem that’s growing rapidly and continuously evolving. Organizations need proven solutions that ensure security and mitigate risk. As we move forward, we anticipate tremendous demand for our patented solutions that are unrivalled in the marketplace.”

Other additions to LaserLock’s new Board of Directors include:

  • Constance Harriman served as a Director of the Export Import Bank and Assistant Secretary of the Interior, and has over 25 years of legal, public policy and management experience.
  • Walter Hauck III most recently served as CIO and Senior Vice President of Technology at Dun & Bradstreet, where he led a team of 1,000+ staff and supported the world’s largest commercial credit applications. Prior, he served as Vice President for Worldwide Technology for Pfizer Inc.
  • General Peter Pace served as the 16th Chairman of the Joint Chiefs of Staff from 2005 to 2007. Prior to becoming Chairman, he served as Vice Chairman of the Joint Chiefs of Staff. General Pace holds the distinction of being the first Marine to have held either of these offices. He retired in 2007 after more than 40 years of active service in the United States Marine Corps.
  • Jonathan Weinberger is the Executive Vice President of Veedims. He has served under six cabinet members in various positions and was also the youngest ever Executive Secretary at the Treasury Department. In addition, Weinberger served as the Executive Secretary and Deputy Chief of Staff at the Office of the United States Trade Representative at the White House.
  • Paul Wolfowitz has spent more than three decades in public service and higher education, including 24 years in U.S. government service under seven U.S. presidents. Most recently he served as the Deputy Secretary of Defense from 2001 to 2005, and then as President of the World Bank from 2005 to 2007.
  • Neil Alpert is the President of LaserLock Technologies, and brings with him over a decade of management experience. He most recently served as the President of the Kiawah Group, a boutique government affairs and development firm.

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock Technologies, Inc. based in Bala Cynwyd, PA is publicly traded on the OTC Market under the ticker symbol “LLTI”. The Company markets security technology to protect pharmaceuticals, high-end retail goods, the casino industry, documents and branded products from counterfeiting. To learn more, visit us at www.laserlocktech.com.