Issue April 9, 2021

 
Overview:
 
  1. Spectra Systems: Patent for disinfection of notes - 5m notes in 2 hours
  2. UAE: Approval for new series - new governor
  3. Nanotech Security: Further contract to develop a feature for a central bank
  4. Louisenthal: Interview with the MD Clemens Berger
 
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1. Spectra Systems: Patent for disinfection of notes - 5m notes in 2 hours
 
 
  • Spectra Systems Corp. said it was granted a patent from the US Patent and Trademark Office for its technology for disinfecting banknotes from SARS-2 viruses and other biohazards.
  • The banknote and product authentication firm said the patent is expected to be issued within six weeks and that other applications have been filed in other regions across the world.
  • The technology can disinfect 5 million banknotes in under two hours and uses nitrogen to create an oxygen-free atmosphere, along with heat, to deactivate SARS-2.
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2. UAE: Approval for new series - new governor
 
 
  • The Central Bank of the UAE has approved the issuance of new currency notes in line with the country's preparations to mark the "Year of Fifty".
  • Moreover, Mr. Khalid Muhammad Salem Balam Tamimi was named as new Governor of the Central Bank of the UAE, replacing Abdul Hamid Muhammad Saeed Al Ahmadi, who has decided to retire.
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3. Nanotech Security: Further contract to develop a feature for a central bank
 
 
  • Over the past five years, Nanotech Security has generated revenue from a paid development contract to design a unique security feature for a future banknote, based on the Company’s nano-optic technology.
  • Now the confidential Central Bank customer has issued a new purchase order valued at $690,000 to continue the advancement of the innovative security feature.
  • Earlier this year, the Company received purchase orders totaling $6.7 million for fiscal 2021. With this award, Nanotech has secured contract services revenue of $7.4 million for fiscal 2021, 21% higher than 2020.
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4. Louisenthal: Interview with the MD Clemens Berger
 
 
  • Extract from an interview with the Managing Director of Louisethal Mr.Clemens Berger
Question:  What is it, specifically about embedded features, that works?
  • Response: "The real security value of banknotes is deep inside. There are many security and durability options for banknotes, in substrate, print and coatings. What is clear, however, is that the printed elements are more vulnerable to professional and casual attack by the counterfeiters than those in the substrate. It is much more challenging for the counterfeiter to have to replicate or mimic what is embedded deep in the substrate than what is on the surface."
  • Further within the article, Louisenthal explains its innovation level with the development of its unique composite substrate Hybrid™, along with Hybrid ADDvance®, in which all the valuable security features, embedded and applied, are protected under a very thin polyester film.
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