Thinfilm And Holoptica Integrate NFC Technology And Holograms To Deliver Powerful Authentication Solution For Government Documents

Thin Film Electronics ASA ("Thinfilm") (OSE:THIN.OL; OTCQX:TFECY) today announced that it is partnering with brand protection and document-security leader Holoptica in efforts to deliver a new printed nanotechnology anti-counterfeiting solution to a range of government markets.

The solution, featuring a hybrid SpeedTap™/hologram tag supported by powerful cloud-based software, was designed to protect government-issued documents such as visas, passports and other identification-based credentials and will aid in efforts to combat widespread counterfeiting around the world.

The SpeedTap/hologram tag provides a combination of high-security holography and Near Field Communication (NFC) technology that delivers several layers of protection and authentication functionality. The end result is the ability to create documents that are not only unforgeable, but can be rendered completely invalid and unusable in the event of theft. The NFC chip in the SpeedTap tag essentially makes each physical document "smart", giving government officials and consumers the ability to instantly connect to its certified digital twin and verify authenticity with the simple tap of a smartphone. In addition, the slim profile of the chip allows for seamless document integration and eliminates noticeable bumps that affect performance and impede reliability.

The counterfeiting of documents such as work permits, passports, and visas is a growing global concern, and the market for illicit documents sold on the black market is estimated to generate more than $10 billion annually. The mounting financial losses have prompted many governmental bodies to take action and implement formal programs - many of which leverage innovative technologies - to mitigate fraudulent practices.

"Combining Thinfilm's SpeedTap tags with Holoptica's high-security COMPASS/holoQR/DNA SmartMark hologram creates a highly effective yet economical solution in the fight against counterfeiters," said George Perkous, Holoptica's CEO. "The broader counterfeiting market generates roughly $600 billion annually, and we're excited about the role these innovative tags can play in effectively addressing the document security needs of governments and related authorities around the globe."