INX International and VerifyMe Sign Supply Agreement
Schaumburg, IL – February 16, 2021 – INX International Ink Co., the third largest producer of inks in North America, and VerifyMe, Inc. (NASDAQ: VRME), a technology solutions provider specializing in counterfeit prevention, authentication, serialization, and track and trace features for labels, packaging and products, announced they have signed a Supply agreement which builds on the strategic partnership they formed in January, 2019.
INX has and is developing inks incorporating VerifyMe’s RainbowSecure pigment to be used for inkjet printing, in combination with high speed, high volume label and packaging flexo or roll-fed printing presses as well as Shrink Sleeve applications, CIJ inks, UV Flexo, Water Flexo, Offset, Rigid Container and Metal Deco inks. The specially formulated inks will enable these various printing and converting presses to print VerifyMe’s RainbowSecure™ invisible ink technology, which includes variable VeriPAS Serialization, track and trace technology.
Existing and future inks to be developed as part of this agreement are applicable to many industries experiencing rampant counterfeiting and fraudulent products. This includes aluminum beverage cans and bottles, and packaging for cannabis, personal protective equipment (PPE) and medical equipment, motor vehicle parts, silicon chips, weapons and ammunition and others.
“We are very excited to work with VerifyMe to bring their proprietary security, authentication and tracking technology to label and packing manufacturers around the world,” said John Hrdlick, INX President and CEO. “We are strong believers in delivering what the market wants and needs, and there is a huge demand for brand protection and anti-counterfeiting. We look forward to working with VerifyMe’s team to bring their solutions to market.”
VerifyMe’s technological offering and connection with brand owners worldwide, coupled with INX’s ink technological expertise and global footprint, makes for a unique offering to the marketplace to provide a wide range of security printing options, says VerifyMe Chief Executive Officer Patrick White.
“This is a significant milestone for our company as we expand the global availability of our RainbowSecure technology. Our technology is currently available for use on the INX NW140 and NW210 UV digital inkjet presses that run INX NWUV multi-purpose inkjet inks for paper and plastic films. It will soon be available on additional industry leading industrial inkjet heads used for variable printing in the high speed label and packaging industry.”
About INX International Ink Co.
INX International Ink Co. is the third largest producer of inks in North America, with full service subsidiaries in Europe and South America and is part of Sakata INX worldwide operations. We offer a complete line of ink and coating solutions technology for commercial, packaging and digital applications. As a leading global manufacturer of inkjet inks, we provide a full palette of digital ink systems, advanced technologies and integrated services. To stay in touch with the latest developments, follow INX on Facebook and Twitter and visit www.inxinternational.com.
About VerifyMe, Inc.
VerifyMe, Inc. is a technology solutions company that markets products supported by patents, patent applications and trade secrets which provides identifiers and serialization for authenticating, tracking and tracing functions for labels, packaging and products. The company also markets multi-factor biometric verification solutions to verify people. VerifyMe’s physical technology authenticates packaging, labels and documents with a suite of proprietary security inks and pigments that work in conjunction with serialization and track-and-trace software. The company’s digital technologies authenticate people by performing strong, multi-factor biometric verification via its patented digital software platforms. Learn more at https://www.verifyme.com.