http://www.authentix.com Stay current on Authentix recent press releases and industry news with this RSS feed. en-us Product Authentication Copyright (C) 2011 Authentix.com 5/17/2012 12:06:08 PM http://www.authentix.com/images/authentix_logo.gif http://www.authentix.com 150 43 http://www.authentix.com/news.asp?id=press-releases&news=231 Authentix, the global leaders in authentication, is pleased to announce the hiring of Angus Ward as Vice President, Business Development. Ward brings more than 20 years of international business development expertise to the company with a broad range of sales and management experience gained while working in the currency, security printing and business services industries. In his role at Authentix, Ward will help the company develop new business for the currency, oil and gas and brand divisions.

"Angus' extensive international business development experience will help us continue to expand our global reach," said Lal Pearce, President, Global Business Development, Authentix. "Authentix currently does business on five continents and for the past 20 years Angus has been taking new technologies to clients around the world."

Before joining Authentix, Ward served as the Director of Business Development for Securency where he oversaw business development with central banks in Asia, Africa, and the Middle East. Previously he was the Director of Sales and Operations, EMEA, for Election Systems and Software where he successfully set up the company's European office and developed new channels to market ES&S services. Ward began his career at De La Rue where he spent 10 years in sales and operations and served in the British Army for five years, during which time he attended the Royal Military Academy.

About Authentix

Authentix, the global leaders in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Authentix helps safeguard clients in the oil and gas, pharmaceutical and consumer goods industries from counterfeiting, smuggling and adulteration issues. In addition, Authentix protects the currency of multiple industry-leading central banks. Innovative nano-scale engineering, serialization authentication expertise and cutting-edge sensor knowledge help Authentix create effective customized solutions that address each client's needs. To date, Authentix has helped recover $11 billion in lost revenue for our clients. 4/26/2012 http://www.authentix.com/news.asp?id=press-releases&news=230 Tax Stamp News Features Opinion Piece by Authentix VP, Majid Fazeli

The April 2012 edition of Tax Stamp News features an article entitled, "The Push Toward New Tax Stamp Solutions," by Majid Fazeli, VP, Authentication Serialization.

The article highlights the changing attitudes toward tax stamps in the United States at both the state and federal level. In the article, Majid highlights the benefits of these changes and discusses how they are paving the way for better technology, namely The Digital Tax Stamp, and ultimately better tax stamp collection practices

Please click here to read the article: 4/23/2012 http://www.authentix.com/news.asp?id=press-releases&news=229 Product diversion is on the rise. Brand owners need programs that can track products at the item level via unique, serialized ID numbers. Authentix provides a solution that not only can track individual products, but also authenticate them. 4/10/2012 http://www.authentix.com/news.asp?id=press-releases&news=227 Majid Fazeli, Authentix VP of Authentication Serialization, explains that there are solutions available to fight drug counterfeiting and diversion and now is the time to use them. 3/21/2012 http://www.authentix.com/news.asp?id=press-releases&news=225 The facts culled from recent FDA reports are attention-getting:

Up to 40% of finished drugs used by U.S. patients are manufactured outside of the U.S.
80% of active ingredients and bulk chemicals used in U.S. drugs come from outside of the U.S.

Click on the link to visit the Authentix Blog and find out more: 3/6/2012 http://www.authentix.com/news.asp?id=press-releases&news=223 Authentix, the global leaders in authentication, is pleased to announce that Bernard Bailey has been appointed to serve on the Authentix Board of Directors. Mr. Bailey has three decades of management experience and is a recognized leader in high tech and security.

"Bernard's knowledge of the security and high tech sectors as well as his impressive track record of growing companies will be valuable assets to Authentix as the company continues to expand and define its authentication sector leadership," said David Moxam, Chairman and CEO, Authentix.

Mr. Bailey is presently Founder, Chairman and CEO of Paraquis Solutions, LLC, focused on providing professional and technical services to the public sector. Mr. Bailey also serves on the board of directors of Analogic Corporation, a U.S. medical technology and security company, and Telos Corporation, a U.S. defense contractor.

Previously, Mr. Bailey was President and CEO of Viisage Technology, Inc., a provider of advanced technology identity solutions. Under his four years of leadership, Viisage's market capitalization grew from $60M to over $1B. During that period the company executed nine acquisitions eventually culminating in the formation of L1 Identity Solutions (ID), a NYSE listed company. He has also served as the Chief Operating Officer for ATG, a leading provider of eCommerce software and spent 17 years at IBM where he held executive roles that contributed to the development of IBM Global Service's systems integration and consulting business lines.

About Authentix
Authentix, the global leaders in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Authentix helps safeguard clients in the oil and gas, pharmaceutical and consumer goods industries from counterfeiting, smuggling and adulteration issues. In addition, Authentix protects the currency of multiple industry-leading central banks. Innovative nano-scale engineering, serialization authentication expertise and cutting-edge sensor knowledge help Authentix create effective customized solutions that address each client's needs. To date, Authentix has helped recover $11 billion in lost revenue for our clients. www.authentix.com 2/22/2012 http://www.authentix.com/news.asp?id=press-releases&news=218 Authentix, the global leaders in authentication, has renewed its partnership with SGS for the fuel integrity program in The Republic of Senegal. The contract renewal was granted after a competitive tender process. Through this ongoing fuel marking program, Authentix and SGS have helped The Republic of Senegal recover tax money that would have otherwise been lost to fuel fraud, ensure fuel quality for motorists and protect the environment.

Authentix and SGS combat the sources of fuel adulteration through the addition of Authentix technology to known adulterants such as kerosene and other low tax fuels which are often used to illicitly adulterate legal tax paid fuels.

Proprietary Authentix testing technology helps inspectors quickly determine if the fuel in question is legal and whether it has been adulterated with low tax fuels. These tests can be conducted in the field and provide an immediate indication of fuel fraud.

Authentix technology solutions power fuel marking programs globally. Authentix has provided technology for a number of successful fuel marking programs in Africa including The Republic of Senegal, Cameroon, Kenya, Cote d'Ivoire and Togo. Authentix' comprehensive fuel marking technology has been instrumental in helping these countries combat fuel fraud and protect tax revenues.

About Authentix
Authentix, the global leaders in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Authentix helps safeguard clients in the oil and gas, pharmaceutical and consumer goods industries from counterfeiting, smuggling and adulteration issues. In addition, Authentix protects the currency of multiple industry-leading central banks. Innovative nano-scale engineering, serialization authentication expertise and cutting-edge sensor knowledge help Authentix create effective customized solutions that address each client's needs. To date, Authentix has helped recover $11 billion in lost revenue for our clients. www.authentix.com

About SGS
The SGS Group is the global leader and innovator in inspection, verification, testing and certification services. Founded in 1878, SGS is recognized as the global benchmark in quality and integrity. With more than 64,000 employees, SGS operates a network of over 1,250 offices and laboratories around the world.
1/26/2012 http://www.authentix.com/news.asp?id=press-releases&news=216 Authentix, the global leaders in fuel authentication, has been awarded a multi-year renewal of the national fuel marking program in Kenya. Through the ongoing marking program, Authentix has helped Kenya recover tax money that would have otherwise been lost to fuel fraud, ensure fuel quality for motorists and protect the environment.

This program was first implemented in 1998 to curb the illicit adulteration of domestic Kenyan fuel with fuel destined for export to surrounding countries. Less than a year later, the program was expanded to include protection of domestic diesel from dilution with lower quality kerosene.

Since the program began, Authentix has partnered with Kenyan authorities and their operational partner in this program, SGS, to implement significant technology advances that enable the continued efficacy of the program in the face of determined attempts at undermining and laundering by illegal operators in the fuel market. Proprietary Authentix testing technology helps inspectors quickly determine if the fuel in question is legal and whether it has been adulterated with low tax fuels. These tests can be conducted in the field and provide an immediate indication of fuel fraud.

"The fuel marking program in Kenya is an excellent example of the kind of long term results that are possible through a program of this nature. We are proud to provide the advanced nano-technology that allows this to continue to be effective year in and year out," says Royce Ferguson, Managing Director of Africa for Authentix.

As the global leader in national fuel marking programs, Authentix has a history of success in Africa with similar programs in South Africa, Senegal, Cote d'Ivoire, Cameroon, Swaziland and Togo.

About Authentix
Authentix, the global leaders in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Authentix helps safeguard clients in the oil and gas, pharmaceutical and consumer goods industries from counterfeiting, smuggling and adulteration issues. In addition, Authentix protects the currency of multiple industry-leading central banks. Innovative nano-scale engineering, serialization authentication expertise and cutting-edge sensor knowledge help Authentix create effective customized solutions that address each client's needs. To date, Authentix has helped recover $11 billion in lost revenue for our clients. 12/15/2011 http://www.authentix.com/news.asp?id=press-releases&news=211 Authentix, the global leaders in authentication, have partnered with Hydrocarbons Analyses Controls S.A (HYDRAC) to implement a new fuel and fuel adulterant marking program to help the West African nation of Cameroon recover tax money being lost to fuel fraud and ensure fuel quality for Cameroonian motorists.

"This new marking program means Cameroon will be able to fight losses due to fuel tax fraud," said Michael Ngako Tomdjo, Minister of Water and Energy, Cameroon. "Implementing this program will help Cameroon effectively combat fuel fraud, aid consumers and protect the environment."

As part of the program, Authentix marking technology is added to legal tax-paid fuels to indicate that the fuel is authentic and not diluted with lower cost solvents or smuggled fuels. Using Authentix markers, government officials can detect the exact level of dilution. Additionally, to identify and combat the sources of fuel adulteration, a separate Authentix technology is being added to kerosene and other low tax fuels which are often used to adulterate legal tax paid fuels. The Government of Cameroon has incurred heavy losses of fuel tax revenue due in part to tax-free fuel illegally smuggled into the country and because of rampant fuel adulteration. The Authentix program promises to help prevent future revenue losses.

Using proprietary Authentix testing technology, Cameroon can now quickly determine if fuels are legal or if they have been diluted with adulterants or smuggled products. These tests can be conducted in the field and provide an immediate indication of fuel fraud. Currently fuel and fuel adulterant marking is taking place at several locations around Cameroon.

"Authentix operates fuel marking programs all over the world and countries in West Africa are taking note," says Royce Ferguson, Managing Director of Authentix in Africa. "In the past three years Cote d'Ivoire, Senegal and Togo have all seen the value of protecting their fuel with a marking program and we're excited that Cameroon is following suit. In addition to the financial benefits, these programs protect motorists from the damaging effects of using low-quality fuel and the Government of Cameroon is to be commended for taking this important step to protect its citizens from these illicit practices."

About Authentix

Authentix, the global leaders in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Authentix helps safeguard clients in the oil and gas, pharmaceutical and consumer goods industries from counterfeiting, smuggling and adulteration issues. In addition, Authentix protects the currency of multiple industry-leading central banks. Innovative nano-scale engineering, serialization authentication expertise and cutting-edge sensor knowledge help Authentix create effective customized solutions that address each client's needs. To date, Authentix has helped recover $11 billion in lost revenue for our clients. www.authentix.com

About HYDRAC

HYDRAC is a Cameroonian company involved in the testing and analysis of hydrocarbon products and has extensive, modern facilities with experienced personnel, as well as experience in operating large scale inspection projects in West and Central Africa. www.hydracsa.com 10/31/2011 http://www.authentix.com/news.asp?id=press-releases&news=210 After landing two of the biggest contracts in its history, Authentix Inc., an Addison maker of technology for verifying the authenticity of everything from fuel to booze, is raising $15 million that will go primarily toward related hiring and hardware procurement.

The two contracts "are capital-intensive on the front end," said David Moxam, Authentix' chairman and CEO. The deals entail "a lot of development work, which necessitates the need for some growth capital," he said.

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10/14/2011