Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

Home > Press > Nano Research Spawns New Companies to Market Anti-Counterfeit Solution

Abstract:
Two new Arkansas start up companies have announced exclusive license agreements with UALR -- the University of Arkansas at Little Rock -- to bring to market a patent-pending technology developed by the university's Nanotechnology Center to provide anti-counterfeiting solutions for manufacturers.

Nano Research Spawns New Companies to Market Anti-Counterfeit Solution

Little Rock, AR | Posted on September 16th, 2010

The technology could enable companies and governmental organizations to authenticate items with an invisible and unique code - one which is virtually impossible to replicate.

Provectus International LLC was founded last year in order to patent the technology developed by a team of scientists led by Dr. Alexandru S. Biris, director and chief scientist at UALR's Nanotechnology Center, and to construct working prototypes and prepare for large-scale production of the product, a "multi-level anti-counterfeit nanotaggant."

The second company, NanoIMG, was formed this year to develop commercial test sites and relationships with customers and recently entered into an exclusive marketing and distribution agreement with Provectus. Jim Karrh, Ph.D. and former chief marketing officer with Mountain Valley Springs Co., now leads the marketing efforts of NanoIMG as its chief marketing officer.

The patent-pending product itself is a taggant, or marker, embedded with a code. Taggants are commonly used today in the form of radio frequency microchips, physical codes or chemical codes to identify and track individual items or groups of items. The technological advance is based upon multiple layers of nanoparticles which are undetectable to the eye, fully customizable and extremely complex in their structure.

Because counterfeiting is an acute problem across so many industries, a truly effective solution must be applicable through a variety of physical forms. The nanotaggants available through the Provectus/NanoIMG partnership can be incorporated and applied to a product or its packaging through various processes.

"This announcement demonstrates how we are able to bring together scientific and business expertise to drive market-ready innovation," said Bernard Malone III, director of Technology Transfer of the UALR Office of Innovation and Commercialization. "The technology has been vetted by some of the world's foremost experts in nanotechnology, while at the same time an experienced business team is ensuring the applications are viable."

The product is geared mainly towards supply chain logistic and distribution channels, offering wholesalers and retailers a diverse way to guarantee the authenticity of the products they receive from suppliers.

Counterfeit goods represent a direct cost of billions of dollars each year to global businesses, plus significant risks to consumer safety and national security. The development teams are optimistic about the future applications of this technology.

The International Anti-Counterfeiting Coalition estimates the annual economic cost to be more than $600 billion per year, making counterfeit products one of the most pressing issues affecting global businesses. Industries such as pharmaceuticals, industrial parts, apparel, cosmetics, energy production, footwear, art and collectibles, consumer packaged goods and security documentation are particularly hard hit.

Direct costs include increased product failure rates, lost margins and incremental liability and insurance costs; less tangible yet still important costs include the loss of brand and corporate reputation, lower customer satisfaction, plus effects on consumer health and safety and even national security.

In the IT market, counterfeit gear accounts for an estimated 10 percent of the overall products market, putting many of the systems controlling functions such as air traffic, financial and telecommunications networks, military weaponry and intelligence gathering at significant risk.

NanoIMG can provide various types of meters for detecting nanotaggants at the point of assembly, sale or use. The company will also be able to maintain a secure database for the recognition "fingerprints" of each tagged item or lot.

"Our teams are excited about the opportunities available, on many fronts," said Karrh. "These nanotaggants can help an enormous number of companies and organizations that are threatened every day by counterfeiting. We believe that our efforts will also lead to more research opportunities and high-value job creation here in central Arkansas."

####

Contacts:
Jim Karrh
501-247-8257

Copyright © University of Arkansas at Little Rock

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Carbon Sciences Developing Breakthrough Technology to Mass-Produce Graphene -- the New Miracle Material: Company Enters Into an Agreement With the University of California, Santa Barbara (UCSB) to Fund the Further Development of a New Graphene Process September 16th, 2014

Nanoribbon film keeps glass ice-free: Rice University lab refines deicing film that allows radio frequencies to pass September 16th, 2014

Effective Nanotechnology Innovations to Receive Mustafa Prize September 16th, 2014

‘Small’ transformation yields big changes September 16th, 2014

Law enforcement/Anti-Counterfeiting/Security/Loss prevention

Light detector to revolutionise night vision technology September 8th, 2014

Ultra-thin Detector Captures Unprecedented Range of Light September 7th, 2014

Nanotech Security Corp. to Acquire Fortress Optical Features Ltd., a Leading Producer of Banknote Security Features August 27th, 2014

Self-assembling nanoparticle could improve MRI scanning for cancer diagnosis: Scientists have designed a new self-assembling nanoparticle that targets tumours, to help doctors diagnose cancer earlier July 16th, 2014

Academic/Education

Malvern technology delivers Malvern reliability in multi-disciplinary lab at Queen Mary University London September 9th, 2014

State University of New York Trustees Unanimously Approve SUNY Polytechnic Institute (SUNY Poly) as New Name for Merged SUNY CNSE / SUNYIT September 9th, 2014

New Vice President Takes Helm at CNSE CMOST: Catherine Gilbert To Lead CNSE Children’s Museum of Science and Technology Through Expansion And Relocation August 29th, 2014

RMIT delivers $30m boost to micro and nano-tech August 26th, 2014

Announcements

Carbon Sciences Developing Breakthrough Technology to Mass-Produce Graphene -- the New Miracle Material: Company Enters Into an Agreement With the University of California, Santa Barbara (UCSB) to Fund the Further Development of a New Graphene Process September 16th, 2014

Nanoribbon film keeps glass ice-free: Rice University lab refines deicing film that allows radio frequencies to pass September 16th, 2014

Effective Nanotechnology Innovations to Receive Mustafa Prize September 16th, 2014

‘Small’ transformation yields big changes September 16th, 2014

Patents/IP/Tech Transfer/Licensing

‘Small’ transformation yields big changes September 16th, 2014

Berkeley Lab Licenses Boron Nitride Nanotube Technology: New material has unique mechanical and electronic properties September 13th, 2014

Secure Computing for the ‘Everyman': Quantum computing goes to market in tech transfer agreement with Allied Minds September 2nd, 2014

New analytical technology reveals 'nanomechanical' surface traits August 29th, 2014

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More














ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE