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Rehovot R&D Firm Specializes in Comprehensive Security to Protect High Profile Brands and Documents
"Projects are Expected to Generate Recurring Revenues in Second Half of 2005 and Future Years
FT. LAUDERDALE, Fla. (14 June 2005) - InkSure Technologies Inc. (OTC Bulletin Board: INKS), a leading provider of covert security solutions for the prevention of counterfeiting, fraud and diversion involving high profile brands and documents, today announced the receipt of the largest equipment order in the Company's history, which is expected to be supplied by the end of 2005.
The international order, from the Company's strategic marketing partner, Sun Chemical Group B.V., the world's leading manufacturer of printing inks, calls for the utilization of InkSure's security solutions in a number of projects involving the packaging of consumer products. Authentication of the packaging of hundreds of millions of individual product containers will involve hundreds of field SignaSure(TM) readers and a number of high-speed production line SortSure(TM) quality assurance systems.
"The award of this contract confirms InkSure's position as a leader in the emerging product authentication industry," stated Elie Housman, Chairman and Chief Executive Officer of InkSure Technologies, Inc. "We expect to begin recognizing equipment revenues from this order relatively soon, and revenues arising from project consumables are expected to be significant and recurring in the second half of 2005 and future years. Our record first quarter and backlog from U.S. customers, along with this order, form a solid foundation of recurring business that should facilitate continued revenue growth."
InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and its R&D center in Science Park, Rehovot, Israel, specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale.
The Company's common stock is listed on the OTC Bulletin Board under the symbol "INKS." Additional information on the Company is available on its website at http://www.inksure.com.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Although InkSure (the "Company") believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Important factors that could cause actual results to differ materially from the forward-looking statements include the Company's need to obtain substantial additional capital (through financings or otherwise) to fund its operations, the progress of development, government and regulatory approvals and licensing/commercialization of the Company's technologies, and other factors noted in the Company's periodic report filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release."
Source: InkSure Technologies Inc. Web Site PRNewswire-FirstCall
FT. LAUDERDALE, Fla. (14 June 2005) - InkSure Technologies Inc. (OTC Bulletin Board: INKS), a leading provider of covert security solutions for the prevention of counterfeiting, fraud and diversion involving high profile brands and documents, today announced the receipt of the largest equipment order in the Company's history, which is expected to be supplied by the end of 2005.
The international order, from the Company's strategic marketing partner, Sun Chemical Group B.V., the world's leading manufacturer of printing inks, calls for the utilization of InkSure's security solutions in a number of projects involving the packaging of consumer products. Authentication of the packaging of hundreds of millions of individual product containers will involve hundreds of field SignaSure(TM) readers and a number of high-speed production line SortSure(TM) quality assurance systems.
"The award of this contract confirms InkSure's position as a leader in the emerging product authentication industry," stated Elie Housman, Chairman and Chief Executive Officer of InkSure Technologies, Inc. "We expect to begin recognizing equipment revenues from this order relatively soon, and revenues arising from project consumables are expected to be significant and recurring in the second half of 2005 and future years. Our record first quarter and backlog from U.S. customers, along with this order, form a solid foundation of recurring business that should facilitate continued revenue growth."
InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and its R&D center in Science Park, Rehovot, Israel, specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale.
The Company's common stock is listed on the OTC Bulletin Board under the symbol "INKS." Additional information on the Company is available on its website at http://www.inksure.com.
This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Act of 1934, as amended, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that all forward-looking statements involve risks and uncertainty. Although InkSure (the "Company") believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. Important factors that could cause actual results to differ materially from the forward-looking statements include the Company's need to obtain substantial additional capital (through financings or otherwise) to fund its operations, the progress of development, government and regulatory approvals and licensing/commercialization of the Company's technologies, and other factors noted in the Company's periodic report filings with the Securities and Exchange Commission. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by the Company or any other person that the objectives and plans of the Company will be achieved.
By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release."
Source: InkSure Technologies Inc. Web Site PRNewswire-FirstCall
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