21:58:57 EDT Fri 26 Apr 2024
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or Name
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CA



Nanotech Security Corp
Symbol NTS
Shares Issued 68,395,825
Close 2018-02-20 C$ 1.23
Market Cap C$ 84,126,865
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Nanotech Security appoints VP of marketing, finance

2018-02-20 08:52 ET - News Release

Mr. Doug Blakeway reports

NANOTECH BUILDS OUT TEAM AND EXPANDS FACILITY

Nanotech Security Corp. has added two key members to its leadership team along with additional staff and expanded its facilities in Burnaby, B.C., to support future growth.

Joe Vosburgh joins the company as vice-president of marketing with over 20 years of experience in the successful development and commercialization of breakthrough technologies. His work encompasses marketing strategy, product development and business case execution across a range of high-technology products and services. He has held senior product strategy and leadership positions at Creo, Ballard Power Systems, Corvus Energy and Schneider Electric. Reporting to president and chief financial officer Troy Bullock, Mr. Vosburgh's key responsibilities at Nanotech include strategic marketing, planning and product development. He will also drive all activities relating to branding and marketing communications. Mr. Vosburgh holds an MBA in marketing and accounting from Queen's University, and an electrical engineering degree from the University of Victoria, both with honours distinction.

Monika Russell joins Nanotech as vice-president of finance with over 15 years experience in financial reporting and regulatory compliance in a public company environment. Most recently, Ms. Russell was controller and corporate secretary of Ainsworth Lumber Co. Ltd. through a period of significant corporate change, including refinancing, restructuring, and merger and acquisition activities that culminated in a merger with Norbord Inc. Reporting to Mr. Bullock, Ms. Russell will oversee the company's reporting, internal controls, tax and regulatory reporting. She is a chartered professional accountant and holds a bachelor of business administration from Simon Fraser University.

Nanotech is also expanding its Burnaby, B.C., facility, taking on an additional 2,500 square feet and increasing staff to support the company's growth plans. The space represents increased technology development capabilities by enlarging its on-site development lab, enabling further commercial product development targeting new markets and opportunities.

"We welcome Monika and Joe to our team," said Nanotech chief executive officer Doug Blakeway. "They are an integral part of our growth strategy, as is the addition of staff and facility space that directly increases our development and sales capabilities."

About Nanotech Security Corp.

Nanotech researches, creates and produces nano-optic products that have brand protection and enhancement applications across a wide range of markets including banknotes, tax stamps, secure government documents, commercial branding and the pharmaceutical industry.

The company's nano-optic technology employs arrays of billions of nano-indentations that are impressed or embossed onto a substrate material such as polymer, paper, metal or fabric. By using sophisticated algorithms to direct an electron beam, the company creates visual images with colour shifting effects such as 3-D, perceived movement, and can also display high-definition colours including skin tones, and whites and blacks, which are not possible using holographic technology.

Additional information about Nanotech can be found at the company's website, the Canadian disclosure filings website or the OTCMarkets disclosure filings website.

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