Authentix® Completes Asset Purchase Agreement for Acquisition of Nanotech Security Corp. Assets [Yahoo! Finance]
Meta Materials Inc. (MMAT)
Company Research
Source: Yahoo! Finance
Purchase Agreement with Nanotech Security Corp. (NSC), a wholly owned subsidiary of Meta Materials Inc., acquiring certain assets of its authentication business unit with solutions for banknote authentication and brand protection markets for central banks, governments, and commercial brand owners. "This acquisition expands Authentix' portfolio and offerings in the Banknote, Currency, and Brand Protection business sectors and further compliments and leverages other business lines such as high security printing to support Authentix's ongoing growth in our authentication group covering central banks, governments, and commercial brand owners," stated Kevin McKenna , President and CEO of Authentix, adding that "Nano optic security is the next generation advancement in anticounterfeiting and authentication technology and puts Authentix in a unique position to continue as the industry leader in innovation." Authentix will continue to operate two key Canadian facilities of NSC in Burnaby
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