Crane & Co., the exclusive supplier of bank note paper to the U.S. Bureau of Engraving and Printing, has purchased a company which owns rights to a number of "innovative optical and non-optical microstructure mastering techniques". Crane has already been working with the company to provide new anti-counterfeiting measures on U.S. currency, including the new $100 bill scheduled for release next year. -Editor Crane & Co. Inc., a provider of counterfeit-deterrent banknote papers, has acquired Nanoventions Holdings LLC from Visual Physics LLC.
Visual Physics, based in Alpharetta, Georgia, is a manufacturer and supplier of micro-optic security films used for anti-counterfeiting and brand protection applications. The acquisition of Visual Physics gives Crane exclusive control and management of the Unison® family of technologies. The most well-known Unison technology is MOTION®, the micro-optic security technology that Crane sells for the protection of banknotes.
Nanoventions and Crane, through its Crane Currency Division, pioneered the use of micro-optics in banknotes in 2006 with the introduction of the MOTION technology in Sweden. The central banks of the United States, Mexico, Sweden, Denmark, Paraguay, and other yet-to-be disclosed countries have selected MOTION as their primary security feature for both new banknote designs and upgraded banknotes. MOTION technology has been selected as the primary overt security feature on the new United States $100 banknote scheduled for release in 2010.
To read the complete press release, see: Crane & Co. Adds On (http://www.pehub.com/31200/crane-co-adds-on/)
Wayne Homren, Editor
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