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 2/23/2012 2:26:26 AM http://www.authentix.com/images/authentix_logo.gif http://www.authentix.com 150 43 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 http://www.authentix.com/news.asp?id=press-releases&news=207 Alex Jarvis, Authentix' Director, Global Currency, has received the Lifetime Achievement Award from the International Association of Currency Affairs (IACA). The award was given at a ceremony held during the Currency Conference in Singapore .

For 35 years, Alex Jarvis's vision and expertise have made him a distinguished member of the Banknote Industry, domestically and internationally, for both Central Banks and companies alike.

Alex joined Authentix in 2005 after spending the majority of his career with the Bank of England. In 1987, Alex was appointed Managing Director of the Bank of England Printing Works. Under his leadership, the Bank of England completed a £30M re-equipment program which included replacement of web presses with three lines of Giori "super-kits" and introduced a new series of Bank of England notes. He reduced unit production costs and improved productivity for every year of his 14 years as managing director, thereby making the Bank of England Printing Works one of the most cost-efficient State-Owned banknote printers in the world.

During his time with the Bank of England, Alex represented the Bank on numerous international committees, including the European Banknote Printer's Conference, the Four Nations Group on Advanced Anti-Counterfeiting, and the Central Bank Counterfeit Deterrence Group (formerly known as Special Study Group - II).

Alex was handpicked by the Governors of the Central Banks of the European Union to help introduce the Euro by forming and leading the EU-wide Banknote Working Group. His team designed, developed, printed and issued the first Euro and was also responsible for planning the withdrawal of all currencies the Euro would replace. He chaired the Group for six years until the formal establishment of the European Central Bank in 1998.

Apart from his influence on the Euro, Alex's most notable contribution within the Banknote Industry was in persuading fellow-members of the Four Nations Group (Australia, Canada, USA & UK) to initiate a dialogue with those companies involved in Vending and Third Party Verification. This was achieved through a series of Conferences - all of which he chaired - with representatives of companies manufacturing banknote readers and sensors, which have helped to influence Central Banks to have a more open and consultative attitude towards the Industry.

While at the Bank of England, Alex was asked to advise several other Central Banks, including Colombia, Jordan, Saudi Arabia and Canada, on technical and operation matters relating to note printing and sorting operations.

About Authentix

Authentix, the global leader in authentication, safeguards currency, including banknotes and coins, across the globe. In addition, Authentix is pioneering the use of state of the art high speed sensors to help Central Banks quickly and efficiently process banknotes while ensuring they meet rigorous quality standards. Our solutions-oriented focus and innovative approach to securing currency have made us a trusted and valued partner of world's leading Central Banks. With a wide range of banknote security offerings including ink formulation, substrates and custom devices that detect covert currency features, Authentix provides note issuers with a comprehensive security approach for all forms of currency. 10/5/2011 http://www.authentix.com/news.asp?id=press-releases&news=206 (BUSINESS WIRE) -- Authentix, the Global Leaders in Authentication, announced today that it has completed a growth equity raise of $15 million in Series C Preferred Stock. The funding, all of which came from existing investors, enables Authentix to continue to execute on its strategy of expanding its Currency business unit, specifically its high-speed banknote sensor platforms, as well as continue to invest in its core authentication and brand protection capabilities in key industry verticals including oil and gas, pharmaceuticals, spirits and personal care. In addition, the funding enhances Authentix' ability to pursue strategic acquisitions of complementary technologies.

Authentix' involvement in the banknote authentication and high-speed sensor market has seen expansive growth. Since entering the banknote industry in 2006, Authentix has secured contracts with six industry-leading Central Banks. Authentix provides a complete Banknote Sensor Platform which includes security inks, security taggants and high-speed sensors that assess banknote authenticity and fitness to ensure the quality of every note a Central Bank has in circulation.

The equity raise came from Authentix' existing shareholder base, which includes The Carlyle Group, J.H. Whitney, Manti Holdings, and other shareholders including members of Authentix' executive team.

"The Authentix team is very fortunate to be supported by such a great group of investors who believe that sustainable business growth results from creating long-term value for our customers," says David Moxam, Chairman, Authentix. "The strong support from our investors will enable the Authentix team to continue to find innovative solutions for our customers and increase our geographic reach."

About Authentix

Authentix(R), 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. Since 2003, Authentix has helped 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 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. For more information visit www.authentix.com . 9/29/2011 http://www.authentix.com/news.asp?id=press-releases&news=205 Authentix, the global leader in authentication, and Figurazione, a leading systems integrator, have partnered to safeguard spirits produced by the leading producers in Colombia; Fabrica de Licores de Antioquia (FLA) and Industria de Licores del Valle (ILV). With over 48% market share, FLA is the largest domestic spirits producer in Colombia. Both FLA and ILV are state-owned entities whose revenues make up a significant portion of their respective state government revenues.

These programs were implemented in late 2010. Since then approximately 100 million authentic bottles of spirits have been protected. Field inspection equipment has been provided to inspectors across the country to help identify and investigate suspect products in the market. 10% of the over 300 retail outlets inspected have resulted in discovery of counterfeit products leading to multiple investigations and eventually arrests. During this time frame, FLA enjoyed an increase in sales of over 10%.

The Authentix/Figuarzione solution involves multiple layers of security which includes:
- An overt hologram in product packaging for tamper evidence and to help consumers verify product authenticity by visual inspection
- A covert feature in the product packaging for authentication by inspectors
- A covert feature incorporated in ingestible product for verification in the field by inspectors
- A covert feature incorporated in ingestible product for forensic verification in certified labs by the experts
- Handheld field verification detectors and test kits distributed to the investigators in the field

With nearly 1,300 Police and Government Tax Inspectors trained in authentic product verification across 28 of the 32 States in Colombia, the program has started to impact the counterfeit problem which had reached over 50% of spirits offered for sale in some areas. "The authorities now have a definitive test and are making progress with indictments and arrests of counterfeiters thereby increasing government revenues," commented Andres Diaz, CEO of Figurazione.

"These programs not only protect Colombian citizens from the dangers posed by illicit spirits but also help the government protect its revenues," says Majid Fazeli, VP Authentication and Serialization, Authentix. "Authentix has a successful track record of helping governments protect their citizens and their revenues through marking programs that ensure the authenticity of a wide variety of products ranging from fuels to pharmaceuticals and spirits."

About Authentix
Authentix, the global leader in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Authentix has helped 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 six 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 Figurazione
Figurazione is a major supplier of integrated turnkey security solutions for government and industry to protect documents, identities and products in diverse market sectors. The company also provides support to civil and military aviation agencies, with integrated systems for instrument flight procedure design, ground validation and a comprehensive suite of applications for Aeronautical Information Management. www.figurazione.com
9/12/2011 http://www.authentix.com/news.asp?id=press-releases&news=201 Global supply chains are becoming increasingly complex. Knowing where the products flowing through these supply chains have been and whether they are authentic is becoming more and more important to brand owners. A lack of knowledge about these issues could mean lost revenues for brand owners and create risks that could impact consumers.

Authentix has created a new blog to educate readers and share experiences about the benefits of combining traceability and authentication to address supply chain issues. This blog will serve as a forum to discuss current concerns and available solutions to address issues such as product diversion, product theft and product counterfeiting.

Authentix has a proven track record of using our expertise to help clients around the world protect revenues and products in the Oil and Gas, Pharmaceutical, Consumer Goods and Currency industries. Now we want to help use our expertise in this emerging area of combined authentication and traceability to provide information to brand owners who want to safeguard products as they move through the supply chain.
Visit our blog at www.authentixblog.com

About Authentix
Authentix, the global leader in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Since 2003, Authentix has helped 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 five G8 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. 6/3/2011 http://www.authentix.com/news.asp?id=press-releases&news=199 Authentix, the global leader in authentication, is launching the Comprehensive Authentication Traceability System (CATS) to help brand owners fight the growing threats of product counterfeiting, product theft and grey market diversion. Now, for the first time, CATS will provide clients with complete visibility into the supply chain, helping ensure consumer safety and limit the scope of product recalls while seamlessly integrating into existing client processes. This solution is the first of its kind to provide beginning-to-end product oversight—following the product life cycle from the raw materials used in the manufacturing stage to finished product at the point of sale. CATS helps brand owners in the pharmaceutical, medical device, consumer packaged goods, beauty, tobacco and spirits industries address their supply chain uncertainties.

“CATS marries authentication and traceability by delivering the authentication technology through the product serial number,” says Craig Stamm, President, Authentix. “In the past, a serial number could be copied but with CATS a serial number becomes both an authentication feature and a traceability feature that helps brand owners track products globally in near-real time. "

CATS is a fully integrated system utilizing advanced authentication technologies, item-level serialization and state-of-the-art SaaS architecture and works with existing client ERP and WHM systems. The system also features extensive exception handling to ensure data integrity combined with the ability to trace serialized and non-serialized products. As an added advantage, the system can be deployed quickly and incrementally to suit client needs.

CATS links data from all of the transaction points during the product life cycle, including the manufacturing, warehousing, distribution, retail inspection and consumer stages. Information from each transaction point is aggregated in a centralized database and can be readily accessed in near real time.

CATS helps brand owners lower risk, protect and increase revenues and manage product recalls while serving as a cost effective system with minimum implementation risks—effectively ensuring consumer safety and consumer confidence.

About Authentix
Authentix®, the global leader in authentication, provides brand protection, excise tax recovery, and supply chain security solutions to governments and Fortune 500 companies around the world. Since 2003, Authentix has helped 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 five G8 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. For more information visit www.authentix.com or email Cari.Weinberg@Authentix.com
5/5/2011