Vancouver, British Columbia - Nanotech Security Corp. (the “Company”) (TSX-V: NTS), developer of next-generation security and authentication products based on nanotechnology, announces that it intends to engage Spectrum Capital Inc. of Toronto to provide investor relations and capital markets advisory services. Spectrum’s principal, Sean Peasgood, has enjoyed a successful career as a sell-side analyst with several leading Canadian securities dealers. In conjunction with the engagement of Spectrum Capital, the Company is granting an aggregate of 690,000 three year share purchase options at a price of $0.80 of which 200,000 are granted to Spectrum Capital and the balance to employees and a proposed new business development officer. None of these options are being granted to current insiders and all the options will have applicable vesting conditions. The options and the Spectrum Capital agreement are subject to TSX Venture Exchange acceptance.
Doug Blakeway, CEO commented “We are delighted to have Sean on the team. He made a careful review of the Company’s technology before accepting this engagement and he is well placed to communicate our nanotechnology’s potentially disruptive new optical verification applications to the market.”
On Behalf of the Board of Directors of
Nanotech Security Corp.
“Doug H. Blakeway”
President and CEO
About Spectrum Capital Inc:
Spectrum Capital Inc. is a Toronto based firm which provides advisory services for public and private companies in the technology sector. Its depth of knowledge in the technology sector combined with close to a decade of experience working in the capital markets makes Spectrum an ideal partner to help increase awareness across the investment community, lower the cost of capital and accelerate growth.
About Nanotech Security Corp:
Nanotech Security Corp. is developing its nanotechnology for the authentication and anti-counterfeiting market under exclusive sub-license from Simon Fraser University, where the technology originated. Founded in 1984, Nanotech Security Corp. has developed technology and services in areas of criminal justice, infrared night-viewing, tracking security and forensics.
Upon development being successfully completed, Nano-tech products are expected to be usable both overtly through an image visible to the naked eye and also in a covert manner, including invisible (to the eye) authentication features which will employ machine readable data. The images produce vibrant colours and seemingly moving images which allow observers to quickly identify the authenticity of the product to which a KolourOptik’s® optical marker or tag has been affixed. The technology works by using nano-scale structures - smaller than the wavelength of light - to capture ambient light using ultra-high optical efficiency and high pixel density. These KolourOptik’s® can be directly imprinted into nearly any surface including polymers, metals and even paper, becoming part of the product itself. Its outstanding optical performance means it can be used without mirror-like coatings found on traditional security features like holograms, and can be applied as a transparent security window display. The company is working to enhance security for currency as well as many other applications including authenticating legal documents, merchandise, concert tickets, tax-paid stamps, medical & credit transactional cards, visas & passports, pharmaceuticals and for eye-catching brand and logo recognition. More information about the Company can be found at the Company’s website www.nanotechsecurity.ca or www.sedar.com
Media Contact: Jackie Henry
The TSX Venture Exchange does not accept Responsibility for the adequacy or accuracy of this release.
This news release contains forward looking information or statements. Investors are cautioned that such forward-looking statements involve risks and uncertainties including, the risk that commercial products using the nano-technology will never be successfully developed, the need for unknown amounts of additional capital that will dilute shareholders if it is available at all (for which there can be no certainty). Investors are cautioned that any such forward looking statements are not guarantees for future performance and the actual results or developments may differ materially from those suggested in such statements. For more information on the Company, investors should review the Company's home jurisdiction filings that are available at www.sedar.com