Total
0
Shares
bank vault - The Market Herald Canada
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • A Nanotech customer has issued a new purchase order valued at C$690,000
  • Nanotech has secured contract services revenue of $7.4 million for fiscal 2021
  • Nanotech’s products include security labels, stripes, patches, and colour-shifting foils for currency authentication and brand protection
  • Nanotech (NTS) opened trading at $0.59 per share

Nanotech Security Corp (NTS) has been awarded purchase orders to advance its development contract with a confidential central bank to the next stage.

Over the past five years, Nanotech has generated revenue from a paid development contract to design a unique security feature for a future banknote based on the company’s nano-optic technology.

Nanotech’s confidential customer has issued a new purchase order valued at C$690,000 to continue the advancement of the innovative security feature.

Earlier this year, Nanotech received purchase orders totalling $6.7 million for fiscal 2021. With this award, Nanotech has secured contract services revenue of $7.4 million for fiscal 2021, 21% higher than 2020, with an opportunity for an additional $720,000 later this summer.

Due to the confidential nature of the project, no further details of the project status, timing, or financial terms can be disclosed at this time.

“The customer’s confidence in our technology and their decision to increase investments this year is validation of the project’s success,” said Troy Bullock, President and CEO.

“The project continues to progress well overall and we are working closely with our customer to deliver a feature that meets their unique requirements.”

Nanotech’s products include secure and memorable security labels, stripes, patches, and colour-shifting foils for currency authentication and brand protection.

Nanotech (NTS) opened trading at $0.59 per share.

More From The Market Herald
VitalHub - President and CEO, Dan Matlow - The Market Herald Canada

" VitalHub (TSXV:VHI) to commence trading on the TSX

VitalHub (VHI) begins trading on the Toronto Stock Exchange on September 23, 2021.
Graph (CSE:GBLC) subsidiary New World signs Elias Theodorou to create NFTs

" Graph (CSE:GBLC) subsidiary New World signs Elias Theodorou to create NFTs

Graph Blockchain (GBLC) subsidiary New World has signed Middleweight Mixed Martial Arts fighter Elias Theodorou to create NFTs.
mobile gambling app - The Market Herald Canada

" Nuvei (TSX:NVEI) & 888 Holdings partner to power newly launched online sports betting and iGaming operation

Nuvei (NVEI) has partnered with 888 Holdings to provide its payment solution to Sports Illustrated’s online sports betting and iGaming venture.
Draganfly (CSE:DPRO) selected as exclusive manufacturer for Valqari Drone Delivery Stations

" Draganfly (CSE:DPRO) selected as exclusive manufacturer for Valqari Drone Delivery Stations

Draganfly (DPRO) has entered into an exclusive manufacturing agreement with Valqari LLC to produce Valqari’s Drone Delivery Stations.