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2014

LASERLOCK TECHNOLOGIES SIGNS AGREEMENT WITH MAJOR FINANCIAL ADVISORY COMPANY

WASHINGTON, DC--(Marketwired - Sep 8, 2014) - LaserLock Technologies, Inc. (OTCBB: LLTI), a leader in protecting companies, industries, governments and individuals from the rising threat of counterfeiting and fraud, announced today that it has signed an agreement to license its VerifyMe™ Identity Services platform to a major financial services advisory firm that consolidates hundreds of billions of dollars in assets for its 100,000 investment banking clients.

This financial institution, which actively updates holdings from thousands of institutions nightly, will use VerifyMe™ to protect against identity fraud when logging onto its system. The system is indispensible to firms in three countries and in all fifty states. LaserLock will generate revenues based on a user fee/annum.

VerifyMe™ Identity Services is a multi-factor authentication solution that conforms to the highest security standards set out by the US National Institute of Standards and Technology (NIST) -- Level 4. The platform utilizes three human authentication factors to verify something you are, generally a biometric such as facial recognition; something you have, generally possession of a smartphone or other connected device; and something you know, for which VerifyMe™ utilizes a high-integrity gesture swipe. The system also has the ability to geo-tag users in applications for which geo-location information is necessary.

"Identity theft is no longer just the tagline of television and movie scripts. People can barely open up a newspaper or turn on the television without hearing about another identity breach. LaserLock's technologies were created to put an end to what has unfortunately become a daily occurrence," said Neil Alpert, chief executive officer. "We are very proud of this milestone in the financial services industry. Now is the time to replace the broken system of passwords and VerifyMe™ is the ideal technology to do so."

"LaserLock's robust VerifyMe™ platform was developed to protect the millions of Americans who every year fall prey to identity fraud and password breaches online. By using VerifyMe™ people no longer have to worry that their passwords are too simple and will be hacked because VerifyMe™ replaces passwords all together," said Paul Klapper, director at LaserLock Technologies. 

As a matter of confidentiality, LaserLock Technologies does not currently release the names of its clients.

 

ABOUT LASERLOCK TECHNOLOGIES, INC.

LaserLock is a high-tech solutions company in the field of authenticating people and products. It offers state-of-the-art solutions to combat identity fraud and counterfeiting utilizing multi-factor authentication and a suite of security pigments for governments, health care providers, the gaming industry, the financial services industry and high-end retailers.

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

LASERLOCK TECHNOLOGIES SIGNS 10 YEAR, $7 MILLION AGREEMENT

WASHINGTON, DC-- LaserLock Technologies, Inc. (OTCQB: LLTI), a company involved in authenticating people and products announced today that it has signed a decade-long, $7 million contract with a Mexican gaming company to license its VerifyMe™ Identity Services. The technology will be used to authenticate players in online casinos run by the gaming company and to meet the requirements of recently passed anti-money laundering legislation in Mexico.

VerifyMe™ Identity Services is a multi-factor authentication solution that replaces the broken system of passwords and PINs for human authentication, utilizing three authentication factors to achieve this. It verifies something you are, generally a biometric such as facial recognition; something you have, generally possession of a smartphone or other connected device; and something you know, for which VerifyMe™ utilizes a high-integrity gesture swipe. It conforms to the highest security standards set out by the US National Institute of Standards and Technology, Level 4. The system also has the ability to geo-tag users in applications for which geo-location information is necessary. The entire process takes about five seconds to complete; yet the system is nearly impossible to hack.

"This is a new milestone in our fight to deliver viable, strong authentication technology to the marketplace and speaks volumes to the underlying technology that makes up VerifyMe™," said Neil S. Alpert, Chief Executive Officer. "The current system, in which passwords are so easily hacked and online and financial security so vulnerable, needs to be replaced and VerifyMe™ is the ideal technology to do it."

Additionally, "the deal signifies a bright future for LaserLock not only for the strength of our technology but the future financial success of the company as well," Alpert added.

As a matter of confidentiality, LaserLock Technologies does not currently release the names of its clients.

LaserLock Technologies Signs 10 Year, $7 Million Agreement

VERIFYME APPROVED BY MEXICAN REGULATORS FOR ONLINE GAMING AND ANTI-MONEY LAUNDERING

Friday, April 11, 2014

WASHINGTON, DC--(Marketwired - Apr 10, 2014) - LaserLock Technologies, Inc. (OTCBB: LLTI), a company involved in authenticating people and products announced today that its identity authentication technology, VerifyMe™, has been approved by the Mexican Government for both online gaming and to fulfill the requirements of a new reform passed last year to curb money laundering in the country. The approval is in conjunction with a project in the gaming industry.

"This is a new milestone in our fight to deliver viable, strong authentication technology to the marketplace and speaks volumes to the underlying technology that makes up VerifyMe™," said Neil S. Alpert, Chief Executive Officer. "The current system, in which passwords are so easily hacked and online and financial security so vulnerable, needs to be replaced and VerifyMe™ is the ideal technology to do it."

VerifyMe™ is a multi-factor authentication solution that replaces the broken system of passwords and PINs for user authentication. It utilizes three independent authentication factors instead of just one: it verifies something you are, generally a biometric such as facial recognition, something you have, generally possession of a smartphone, tablet or other connected device and something you know, for which VerifyMe™ utilizes a high-integrity color gesture swipe. It conforms to the highest security standards set out by the US National Institute of Standards and Technology, Level 4. The system also has the ability to geo-tag users in applications for which geo-location information is necessary. The entire process takes about five seconds to complete; yet the system is nearly impossible to hack.

"Historically, high levels of identity assurance, like NIST Level 4, have been expensive to implement and cumbersome to use -- what's really unique about VerifyMe™ is that it eliminates both of those issues," said Paul Donfried, Chief Technology Officer. "VerifyMe™ is much easier to use then complex passwords and organizations can actually save money by reducing their support and risk management costs. Increasing the privacy and identity protection they provide their customers becomes a powerful additional benefit."

VerifyMe Approved by Mexican Regulators for Online Gaming and Anti-Money Laundering

LASERLOCK TECHNOLOGIES, DUOCHROME+ CHOSEN TO PROTECT NATIONAL ID CARDS IN THE DOMINICAN REPUBLIC

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.

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

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.

LaserLock Technologies, DuoChrome+ Chosen to Protect National ID Cards in the Dominican Republic

LASERLOCK TECHNOLOGIES FILES FOR PATENT ENABLING MOBILE PHONES WITH ANTI-COUNTERFEITING AND TRACK & TRACE TECHNOLOGY

Monday, February 24, 2014

WASHINGTON, DC--(Marketwired - Feb 24, 2014) - LaserLock Technologies, Inc. (OTCQB: LLTI), a global leader in authenticating products and people today announced it has filed a full patent application for a Characteristic Verification System (CVS) enabling smart phones to simultaneously identify counterfeit products and protect against identity fraud. The company had previously filed for a provisional patent one year to the day on February 20, 2013. The CVS is a groundbreaking technology that sets a new standard in brand protection by combining LaserLock's proven product authentication expertise with its simple and secure VerifyMe™ human authentication technology. 

Acquired by LaserLock Technologies in December 2012, VerifyMe™ is a biometric verification system that replaces antiquated systems of passwords and PINS and utilized multiple factors of authentication to quickly and securely authenticate human beings. Within the CVS, 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.

"We are thrilled to be converting CVS to full patent status, as the technology is uniquely suited to provide more secure and more efficient authentication technology along supply chains," said Neil Alpert, CEO of LaserLock Technologies. "Since filing for the provisional patent last year, the vulnerabilities in supply chains across many industries are becoming more apparent every day."

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 to 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. It allows companies and governments to track products along their supply chain and verify the identity of all who come in contact with them. When applied to high-value retail goods such as consumer electronics and luxury fashion items, the system can provide both consumers with the peace of mind that they are purchasing a genuine products and companies with valuable data on their customers and their purchasing habits.

For more information on LaserLock Technologies' full offering of products, please visit www.laserlocktech.com.

For more information on VerifyMe™, please visit www.verifyme.com.

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 Files for Patent Enabling Mobile Phones With Anti-Counterfeiting and Track & Trace Technology