Mr. Doug Blakeway reports

NANOTECH SIGNS THIRD DEVELOPMENT CONTRACT WITH ANOTHER G8 COUNTRY

Nanotech Security Corp. has successfully signed its third development contract with another G8 country to use Nanotech's KolourOptik technology platform to develop a unique optically variable security feature.

The contract is expected to be completed in three phases over approximately three years and has the potential to be valued at $3.1-million. Due to the highly confidential nature of the contract, no further details can be disclosed on the specifics of the development contract or its ultimate use.

"We are very excited to sign our third development contract," said Doug Blakeway, Nanotech chief executive officer. "This marks another important milestone in the successful commercialization of our KolourOptik technology."

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