- Nanotech Security (NTS) has completed a C$1.5 million expansion and upgrade of its production facility in Thurso, Quebec
- The expansion has added an ISO 7 level clean room, UV recombination capabilities, a silver spray system, and de-metallisation machine
- Nanotech’s upgrades will enhance production of the company’s anti-counterfeit solutions, like its LumaChrome colour-shifting films
- In related news, the company has welcomed Derek Glennie, the new General Manager of the Thurso production facility
- Nanotech Security (NTS) is down 1.89 per cent and is currently trading at 26 cents per share
Nanotech Security (NTS) has completed C$1.5 million expansion and upgrade of its production facility in Thurso, Quebec.
The company has invested in improvements which will increase the 28,000 square foot facility’s production capacity and overall capabilities.
As part of the expansion, Nanotech has built an ISO 7 level clean room for advanced equipment. The company is also adding UV recombination capabilities, a proprietary silver spray system, and a water-based de-metallisation machine.
Nanotech’s expansion has included upgrades to the facility’s utilities, as well as modifications to coaters and quality control systems.
These changes will enhance production of the company’s anti-counterfeit solutions, like its LumaChrome colour-shifting films. Nanotech has expanded and upgraded the facility now, in order to meet an increase in product orders for this summer.
The company’s management team believes that Nanotech’s annual revenue growth for fiscal 2020 will be between 10 and 20 per cent.
In related news, Nanotech Security has appointed Derek Glennie as the General Manager of the Thurso production facility. Derek will lead the Thurso team, and oversee production and development deliverables.
Nanotech’s President and CEO, Troy Bullock, commented on the facility expansion and welcomed Derek to the company.
“We are pleased to have Derek onboard as we continue to grow and expand our Thurso production facility.
“These investments will enable us to deliver our new LumaChrome orders this summer, and will further support our development contract activities next year,” he said.
Nanotech Security (NTS) is down 1.89 per cent and is trading at 26 cents per share at 1:41pm EDT.
