INX International Ink Co., the third largest producer of inks in North America, and VerifyMe, Inc. (OTCQB: VRME), a digital technology solutions provider specializing in counterfeit prevention, authentication, serialization, track and trace features for labels, packaging and products, announced they have entered into a strategic partnership.
INX is going to co-develop inkjet inks to be used for inkjet printing in combination with high speed, high volume label and packaging flexo or roll-fed printing presses. The specially formulated inks will enable these printing presses to print VerifyMe’s RainbowSecure™ invisible ink technology, which includes variable VeriPAS Serialization, track and trace technology.
Currently, the VerifyMe’s RainbowSecure ink technology has only been available on the HP Indigo digital 6000 series press platforms. This development greatly expands (over 20 times) VerifyMe’s penetration into the global printing of labels and packaging. VerifyMe estimates that this strategic partnership with INX and their inkjet ink development enables VerifyMe’s invisible ink technology to be implemented in approximately 95 percent of the remaining global label and packaging industry.
“We are 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 customer wants, 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 Chief Executive Officer Patrick White, commented, “This is a significant milestone for our company as we expand the global availability of our RainbowSecure technology by over 20 times. This will allow us to compete for many of the very large print job opportunities that are printed by the high speed, high volume label and package printing industry.”
White continued, “Our technology will soon be available on industry leading industrial inkjet heads used for variable printing in the high-speed label and packaging industry. With this new inkjet solution, we will be available to service virtually all of the global label and packaging manufacturers around the world. This is a key development to expand our revenue opportunities. Our first product launch will be at Labelexpo Europe this September with the INX NW210 UV-LED Digital Press, utilizing some of the latest printhead technology.”