Counterfeiting represents a worldwide problem that has shown exponential growth over the past twenty years. Interpol estimates current global economy losses to be in the range of $450-500 billion annually, with volumes rising sharply. The trade in counterfeit and illicit goods represents an estimated six to nine percent of all world trade and has a direct impact on the growth of world economies. Commonly counterfeited items include software, medicine, automobile parts, electronics, identity documents and currency itself.
Prime Technology, an NCR company, has created a revolutionary taggant technology, called LumID, that provides a highly secure, covert deterrent to counterfeiting. The sub-micron sized LumID taggants are custom manufactured to create a client-specific signature or code and are well suited for deployment in inks, paints, polymers and paper. A low cost proprietary scanner is used for instantaneous authentication.
Critical to the successful deployment of any anti-counterfeiting technology are three objectives:
1. Scalability. Ease of deployment over an industry wide environment.
2. Affordability. Low cost installation and operation, allowing for a fast and meaningful return on investment.
3. Security. Virtually impossible to reverse engineer.
We respectfully submit that Prime Technology is the first to deliver on all objectives.
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Nanotech 2006 Conference Program Abstract