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April 12th, 2007
NCR spins off company to combat counterfeit cash
NCR Corp. is spinning off a new company that is developing a technology capable of combating the counterfeiting of cash, pharmaceuticals and military parts, the new company's CEO said Thursday.
Prime is developing a nano-technology that has its origins in NCR labs, Ricci said. Essentially, the process — known as LumID or luminescent identifier — creates very tiny glass beads with "chemical tags" allowing whatever has been embedded with the beads to be accurately identified, he said.
"Think of it as a bar code encased into a tiny glass bead," Ricci said.
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