07:47:43 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Fortress Paper Ltd
Symbol FTP
Shares Issued 14,286,092
Close 2017-03-16 C$ 8.05
Market Cap C$ 115,003,041
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Fortress Paper enters agreement for new Durasafe orders

2017-03-16 18:43 ET - News Release

An anonymous director reports

FORTRESS ANNOUNCES NEW DURASAFE(R) BANKNOTE CUSTOMER

Landqart AG, a wholly owned subsidiary of Fortress Paper Ltd., has entered into an agreement with a new customer to use Landqart's proprietary banknote substrate, Durasafe, for the production of banknotes. The company expects that Landqart will commence shipping orders to the new customer in the later part of 2017.

The new Durasafe order will represent the fourth country to produce a banknote on Durasafe banknote substrate, following Morocco, Kazakhstan and Switzerland.

Durasafe is an innovative composite paper-polymer-paper banknote substrate developed by Landqart in co-operation with the Swiss Federal Institute of Technology (ETH) Zurich. Durasafe is composed of two cotton paper outer layers with a fully transparent polymer core. The polymer core in Durasafe adds stability and higher mechanical strength properties to banknotes as well as high-security features. The substrate's unique properties allow windows to be formed virtually anywhere on the banknote and can contain a watermark and security fibres as well as traditional security features, including easy-to-recognize banknote paper tactility.

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