Printer Friendly

NOCOPI/U.S. BANKNOTE SIGN EXCLUSIVE AGREEMENT

 WAYNE, Pa., Jan. 19 /PRNewswire/ -- Nocopi Technologies, Inc., (OTC Bulletin Board: NOOP) announced today that it had entered into a worldwide license agreement with U.S. Banknote Corporation (NYSE: UBK).
 The agreement grants to U.S. Banknote a worldwide exclusive license for the Nocopi security process for use in travelers checks, currency, visas, passports and all instruments produced for the U.S. government, including food stamps and treasury checks. The agreement also grants certain non-exclusive rights to U.S. Banknote.
 U.S. Banknote is the largest private sector security printer in North America and one of the three largest in the world. Through its subsidiary, American Banknote Holographics, the company is the world leader in holography, producing all of the three-dimensional holograms used in Visa, MasterCard and Eurocheque credit cards around the world.
 U.S. Banknote Corporation is based in New York and trades on the New York Stock Exchange.
 "Color copier fraud and document alteration are escalating at an alarming rate," said Norman Gardner, president and chief executive officer of Nocopi Technologies, "and it's likely to become an even bigger problem as the cost of sophisticated color copiers continues to come down."
 "The highly cost effective Nocopi security process, combines with other security features developed by U.S. Banknote, will go along way toward stopping these very serious economic crimes."
 Nocopi Technologies, Inc. (OTC symbol: NOOP), based in Wayne, is a publicly traded company. Its patented technologies prevent photocopying and faxing of confidential information and verify original documents and products.
 /delval/
 -0- 1/19/93
 /CONTACT: Norman A. Gardner, president and chief executive officer of Nocopi Technologies, 800-662-6741/
 (NOOP UBK)


CO: Nocopi Technologies, Inc.; U.S. Banknote Corporation ST: Pennsylvania, New York IN: SU:

JS-MJ -- PH005 -- 6244 01/19/93 10:56 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 19, 1993
Words:294
Previous Article:ELF SANOFI AND YVES SAINT LAURENT GROUPE ISSUE STATEMENT ON MERGER
Next Article:MEDIQ RECEIVES FAVORABLE IRS RULING ON TAX-FREE SPIN-OFF OF MENTAL HEALTH MANAGEMENT SUBSIDIARY
Topics:


Related Articles
NOCOPI COMPLETES $3 MILLION EUROPEAN OFFERING
AVERY DENNISON SIGNS EXCLUSIVE AGREEMENT WITH NOCOPI TO MARKET COUNTERFEIT-DETECTION TECHNOLOGY
NOCOPI AND VALASSIS ANNOUNCE EXCLUSIVE AGREEMENT
NOCOPI COMPLETES EUROPEAN OFFERING, SIGNS EXCLUSIVE U.S. LICENSEE
NOCOPI REVENUE DOUBLES
3M AND NOCOPI FORM STRATEGIC ALLIANCE TO FIGHT TECHNOLOGY FRAUD
NOCOPI AND 3M FORM STRATEGIC ALLIANCE TO FIGHT TECHNOLOGY FRAUD
NOCOPI POSTS 34% GAIN IN REVENUES
ALFRED TEO ELECTED TO AMERICAN BANKNOTE BOARD; EIGHT PERCENT HOLDER JOINS SIX OTHERS RE-ELECTED AT ANNUAL MEETING
Nocopi Elects New Chairman

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters