WASHINGTON, Sept. 20, 2013 /PRNewswire/ -- LaserLock Technologies (OTCBB: LLTI), a company involved in authenticating products and persons, announced today that it has been selected as a security provider for the social security card of an undisclosed African nation.
"We are excited to announce that our state-of-the-art product Duochrome™ will be incorporated into a social security card for the first time," said Neil Alpert, Chief Executive Officer. "This advanced security ink will provide an added layer of protection against identity theft and counterfeiting for those citizens who hold it."
Duochrome™ is an exclusive, state-of-the-art security pigment that is based on more than a decade of research in the anti-counterfeiting industry. By taking advantage of green technology, Duochrome™ has the ability to instantly change color under both CFL (Compact Fluorescent Lights) and LED light sources, which have become virtually ubiquitous around the globe.
The cards will be produced by American Banknote Corporation (ABnote), LaserLock's exclusive Duochrome™ plastic card partner. ABnote is a global leader in the printing of secure documents and plastic cards and has been offering LaserLock's products for a number of years. Earlier in 2013, LaserLock and ABnote signed an exclusivity agreement.
"We are proud of our long partnership with LaserLock and we are thrilled to incorporate Duochrome™ into this project," said Keith Goldstein, CEO of ABnote, North America. "The unique and uncompromised nature of the technology was appealing to our African client and we anticipate other countries will desire the same protection for their secure documents."
It is LaserLock's policy never to disclose the identities of its clients.
ABOUT LASERLOCK TECHNOLOGIES, INC.
LaserLock is a high-tech solutions company in the field of authenticating products and people. It offers state of the art solutions to combat counterfeiting and identity fraud for governments, health care providers, the gaming industry, the financial services industry and high-end retailers.
The company authenticates products, government documents, and currency with a suite of proprietary security inks and digital solutions that have never been compromised, making them safer than other anti-counterfeiting technologies such as holograms. LaserLock's anti-counterfeiting solutions protect the reputation and bottom-line of governments and businesses around the world.
The company authenticates people by performs strong, multi-factor identity validation via a patented digital platform called VerifyMe™, which identifies an individual by requiring a shared secret (something you know), a physical token (something you have) and a biometric factor (something you are). The process takes less than five seconds and achieves military-grade authentication standards. As the world moves away from password-based authentication technology, LaserLock's VerifyMe™ platform offers a more secure and easier alternative for authenticating online identity.
ABOUT AMERICAN BANKNOTE CORPORATION
Founded in 1795 by American patriot Paul Revere, ABnote has locations in the Americas, Europe and Australasia, and is a leading and trusted global provider of secure document solutions. Its primary products include EMV and mag stripe financial cards (such as debit and credit cards), identification documents (such as passports, national identity cards and driver's licenses), commercial plastic cards (gift, loyalty and membership), and secure documents (savings bonds, stock certificates, vital records, and checks). The company is also a leader in innovative services and solutions, such as its NFC mobile payment platform, multiple TSMs throughout the world, and personalization, secure warehousing, distribution and fulfillment capabilities worldwide.
Ann Marie Clements
Sage Communications (for LaserLock Technologies)
SOURCE LaserLock Technologies, Inc.