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Nanotech Security Corp
Symbol NTS
Shares Issued 68,395,825
Close 2018-03-21 C$ 1.23
Market Cap C$ 84,126,865
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Nanotech's KolourOptik products to be sold in India

2018-03-22 08:33 ET - News Release

Mr. Doug Blakeway reports

NANOTECH, HOLOSTIK AND KUMBHAT SIGN DISTRIBUTION AGREEMENTS FOR INDIA

Nanotech Security Corp., Holostik India Ltd. and Kumbhat Holographics Co. Ltd. have agreed to comprehensive agreements for the distribution of Nanotech's KolourOptik nano-optic image and colour shifting optical thin film (OTF) products in India.

The supply and licence agreements follow several months of production trials and appoint Holostik and Kumbhat as Nanotech's authorized distributors and converters for the non-banknote market in India for an initial period of three years. Under the agreements, both the companies will pay Nanotech annual licensing fees and adhere to annual minimum purchase requirements. Specific commercial terms were not disclosed.

The nanotechnology-developed products will significantly strengthen Holostik's and Kumbhat's position as two of India's leading providers of security products that prevent counterfeiting and provide brand and product integrity. Both KolourOptik and colour shifting OTF will play a pivotal role in the growth of authentication opportunities in the future.

"Holostik has been a market leader in providing anti-counterfeiting products and solutions for the last 27 years. With a production capacity of over seven million square metres per annum, we are one of the largest manufacturers of authentication products and solutions in India," said U.K. Gupta, Holostik chairman and managing director. "We are delighted and look forward to our partnership with Nanotech Security."

"While Kumbhat's initial focus will be on the tax stamp and pharma packaging industries, our customers span several industries including tax stamps, pharma packaging and government agencies across India. We are very excited to be chosen as a partner that will bring KolourOptik and colour shifting OTF to the India market," said Kumbhat director Sanjay Kumbhat.

"Our agreement with Holostik and Kumbhat solidifies a strong relationship with established partners," said Nanotech chief executive officer Doug Blakeway. "We continue to see strong interest and demand for our KolourOptik and colour shifting OTF products across multiple industries and partnering with established companies in India represents a considerable opportunity for all of us."

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 nanoindentations 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.

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