ROCHESTER, N.Y., Jan. 17, 2018 /PRNewswire/ -- VerifyMe, Inc. (OTCQB: VRME), a technology solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products, people and financial transactions, today announced that it has signed a reseller agreement with Micro Focus for their Global Product Authentication Service (GPAS). Micro Focus GPAS is a comprehensive cloud-based brand protection, track-and-trace, and consumer engagement service to protect against counterfeiting, diversion, and other illicit trade activities in global supply chains.
Patrick White, President and Chief Executive Officer of VerifyMe, commented, "Partnering with Micro Focus, one of the largest software companies in the world, provides a best-in-class service that enables brand owners and manufacturers to secure their supply chains and build extremely comprehensive and secure brand protection programs. In addition, through a strategic partnership between Micro Focus and a large Blockchain cloud system supplier, the Micro Focus GPAS system has the ability to integrate and offer real-time Blockchain services into their GPAS cloud. This agreement allows VerifyMe and Micro Focus to market and incorporate all of these enhanced traceability features in a brand owner's products." White added: "Utilizing a Digital Press we are able to simultaneously print our patented variable covert identifiers into labels and packaging which are then stored in the cloud and are revealed with an App on a smartphone and a label hidden image reading device. This seamless deployment meets and exceeds the pending FDA pharmaceutical label and packaging requirements. We look forward to working closely with the team at Micro Focus to bring innovation to the marketplace."
"The combination of Micro Focus Global Product Authentication Service with VerifyMe RainbowSecure and SecureLight covert protective ink technologies, creates one of the most powerful, secure and comprehensive track-and-trace authentication systems in the world," said Peter Gadd, Director, Worldwide Cloud Services, Micro Focus. "As a result, customers can benefit from an enhanced and unique Brand 360º approach that's capable of monitoring traceability and security – at both the ingredient level and finished goods."
About VerifyMe, Inc. VerifyMe, Inc., is a technology solutions company that markets a broad patent portfolio that includes patents in the field of authenticating products, people and financial transactions. VerifyMe's physical technology authenticates packaging, labels & documents with a suite of proprietary security inks and pigments. The company's digital technologies authenticate people and associated financial transactions by performing non-password multi-factor verification via its patented digital software platforms. To learn more, visit www.verifyme.com. Interested Brand Owners & financial institutions should contact our sales team Phone: 585-736-9400 or email: [email protected].