Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > Inspectron Partners with 'INSCX™ exchange' to Provide Global Track and Trace System: New Solution Manages the International Tracking of Exchange-Traded Nanomaterial Cargoes

Abstract:
Inspectron, a global leader in document integrity, inspection and verification systems, has been selected by the global commodity exchange for nanomaterials, INSCX™ exchange[1], to deliver a web-based track and trace solution to actively monitor the full lifecycle of exchange-traded nanomaterial cargoes, in line with commercial and regulatory requirements.

Inspectron Partners with 'INSCX™ exchange' to Provide Global Track and Trace System: New Solution Manages the International Tracking of Exchange-Traded Nanomaterial Cargoes

Frome, UK | Posted on May 2nd, 2012

Inspectron's NanoTraq™ solution is available exclusively to INSCX™. By using the unique 'Exchange transaction ID', it will enable the exchange to track and trace every step in the international handling of nanomaterials and nano-enabled commodities across the full lifecycle of an exchange trade - from sale to delivery and potentially even further. With the solution in place, INSCX™ will enable suppliers and manufacturers of nanomaterials using the exchange to achieve commercial and regulatory compliance. While satisfying both EU and international government agency regulations, NanoTraq also ensures conformance with requirements regarding the confidential referencing of trade data to the Exchange Broker of Records[2], as set out by the insurance industry.

As such, the track and trace system effectively integrates with other exchange procedures to provide a compliant, socially responsible commercial environment, which safeguards against any potential health, environmental and other risks nanomaterials may pose.

All nanomaterials currently manufactured or imported into the EU must be registered with the European Chemicals Agency (ECHA) and subsequently evaluated and authorised by an EU authority. Some hazordous materials must also be classified and labeled.

Gavin Leach, Director of Physical Operations at INSCX™ adds: "To facilitate industrial-scale trade in nanomaterials, our members need a global exchange which can help them underwrite and monitor the trade movement of nanomaterials throughout the supply chain. This, coupled with the core exchange function to provide an an open market system enabling price discovery, is essential in enabling the support of both capital investment and the insurance industry to flow in favour of nanomaterial producers. We chose to work with Inspectron to deliver a track and trace solution as they are known experts in managing highly secure documents. Their scalable and flexible NanoTraq solution, which capitalises on smart phone technology, will enable us to integrate a world class solution into our legacy platform in a short space of time. It also gives us peace of mind that future complexities and increases in volume can be easily accommodated."

Allan Harle, Chairman at Inspectron, comments: "By applying Inspectron's expertise in designing track and trace systems for government applications, branded products and pharmaceuticals, to the nanomaterial trade market, we have been able to bring a unique traceability solution to the nanotechnology industry. NanoTraq not only satisfies existing market requirements, but has the capability to adapt functionality as required to become the standard for future nanomaterial trading activites."

####

About Inspectron
Inspectron (www.inspectron.com) is a global leader in document integrity, inspection and verification solutions. The company has over 25 years of experience in developing validation systems for use in multiple secure print applications for the public and private sector, and track and trace solutions to verify the movement of high-end branded merchandise and pharmaceuticals amongst others. Inspectron is an expert in its field, with the technical ability to provide customers with high tech solutions that improve business efficiency and product quality. Inspectron is based in the UK and operates globally with its international customer base.

About INSCX™ exchange

INSCX™ exchange is a self-regulating organisation [SRO] based in the UK cities of Stoke-on-Trent and Manchester providing an electronic trade platform specific to the listing of SHE accredited, inspected, insured and validated engineered nanomaterials, nano-enabled commodities and traditional commodities for physical delivery. Listed for trade are globally relevant contracts in nanomaterials based on Thematic class and traditional commodities ranging from minerals, inorganics to base energy and commodity polymers.

For more information, please click here

Contacts:
Nicole Mountain
or Rob Peryer
iseepr
44 (0) 1943 468007

John Tolley
Press Officer
INSCX™ exchange
+ 44 (0) 1782 454 144

Copyright © Inspectron

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

Keeping electric car design on the right road: A closer look at the life-cycle impacts of lithium-ion batteries and proton exchange membrane fuel cells December 9th, 2016

Further improvement of qubit lifetime for quantum computers: New technique removes quasiparticles from superconducting quantum circuits December 9th, 2016

Chemical trickery corrals 'hyperactive' metal-oxide cluster December 8th, 2016

Scientists track chemical and structural evolution of catalytic nanoparticles in 3-D: Up-close, real-time, chemical-sensitive 3-D imaging offers clues for reducing cost/improving performance of catalysts for fuel-cell-powered vehicles and other applications December 8th, 2016

Law enforcement/Anti-Counterfeiting/Security/Loss prevention

ANU invention to inspire new night-vision specs December 7th, 2016

In IEDM 2016 Keynote, Leti CEO Says ‘Hyperconnectivity’, Human-focused Research and the IOT Promise Profound, Positive Changes December 7th, 2016

Nanosensors on the alert for terrorist threats: Scientists interested in the prospects of gas sensors based on binary metal oxide nanocomposites November 5th, 2016

Leti Provides New Low-noise Image Technology to French SME PYXALIS; Will Be Demonstrated at Vision 2016 in Stuttgart November 3rd, 2016

Announcements

Keeping electric car design on the right road: A closer look at the life-cycle impacts of lithium-ion batteries and proton exchange membrane fuel cells December 9th, 2016

Further improvement of qubit lifetime for quantum computers: New technique removes quasiparticles from superconducting quantum circuits December 9th, 2016

Researchers peer into atom-sized tunnels in hunt for better battery: May improve lithium ion for larger devices, like cars December 8th, 2016

Scientists track chemical and structural evolution of catalytic nanoparticles in 3-D: Up-close, real-time, chemical-sensitive 3-D imaging offers clues for reducing cost/improving performance of catalysts for fuel-cell-powered vehicles and other applications December 8th, 2016

Safety-Nanoparticles/Risk management

First time physicists observed and quantified tiny nanoparticle crossing lipid membrane November 7th, 2016

SUN shares its latest achievements during the 3rd Annual Project Meeting November 1st, 2016

The Sustainable Nanotechnologies Project’s Final Events: Bringing Nano Environmental Health and Safety Assessment to the Wider Discussion on Risk Governance of Key Enabling Technologies November 1st, 2016

Exploding smartphones: What's the silent danger lurking in our rechargeable devices? New research identifies toxic emissions released by lithium-ion batteries October 21st, 2016

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