ROCHESTER, N.Y., Aug. 9, 2012 /PRNewswire/ -- Document Security Systems, Inc. (NYSE Amex: DSS; "DSS"), a leading developer and integrator of cloud computing data security, Radio Frequency Identification ("RFID") systems and security printing technologies which prevent counterfeiting, product diversion and brand fraud, reported today that it has signed a 3 year contract with a new licensee to print patented security technology for one of their Fortune 500 clients.
The new licensee will produce pre-printed base documents containing the latest generation of DSS counterfeit prevention technology to deter fraud in consumer transactions at more than 19,000 locations worldwide. The contract is unit based and has guaranteed minimums. The licensee's client chose DSS's AuthentiGuard technology after evaluating multiple other technologies. This licensee plans on introducing the technology to their additional clients on an as needed basis and DSS looks forward to future contracts with this integrator.
Patrick White, CEO of DSS commented, "DSS continues to seek strategic licensees that allow us into specific market areas with our technologies. With this licensee being a leader in their niche market sectors, this contract brings DSS technology into transactional media with a multitude of further contract opportunities. We look forward to growing this relationship into a successful partnership with beneficial growth for both companies."
About DSS (Document Security Systems, Inc.):DSS provides counterfeit prevention, RFID tracking and comprehensive brand and digital information protection solutions to corporations, governments, and financial institutions around the world. DSS develops and manufactures secure printed products such as labels, packaging, ID Cards, RFID Cards and tags and documents using their AuthentiGuard line of patented optical deterrent and authentication technologies. The company also provides cloud computing security services, provides disaster recovery backup, writes custom software solutions, and integrates track and trace technologies. For more information on DSS and its subsidiaries, please visit DSSsecure.com.