NANOBRICK, expands high-tech security material business by participating in the ‘HSP Asia 2019’ exhibition

Strengthens the high-tech security business for each government, following the genuine product verification business to protect the brand

– Expands overseas high-tech security material business by participating in Asia’s largest high-tech security document exhibition

– Strengthens the high-tech security business for each government, following the genuine product verification business to protect the brand

NANOBRICK (KOSDAQ: 286750, CEO Jae-Hyun Joo) specializing in new functional material announced that it will participate in the ‘HSP Asia 2019 (High Security Print Asia 2019)’ exhibition held in Yokohama, Japan Nov 25-27.

HSP Asia is Asia’s largest high-tech security printing exhibition and is held annually in major Asian countries such as Japan, Singapore, China, Hong Kong, Malaysia and Indonesia. It is an exhibition not only the global high-tech security printing industry such as SICPA, Luminescence Sun Chemical Security, Gleitsmann Security Inks, and DE LA RUE, but also major stakeholders of each country’s banks and Mints from various countries participate.

At this exhibition, NANOBRICK presents various security application technologies for security certificates, ID cards, tax stamps, passports, banknotes, etc. based on its high-tech security materials.

The high-tech security certification market for governments requires a long-term effort to penetrate into the market because state-of-the-art security technology is required and the entry barrier is high, unlike the genuine certification market for corporate brand protection. NANOBRICK has been continuously promoting the high-tech security printing business for more than 3 years based on unrivaled high-tech security materials.

The company said, “Based on reliability through continuous testing of high-tech security printing with global companies and government-related organizations, we signed a strategic alliance contract with China Mint Ink Corporation in August of last year, and jointly promoted cigarettes, alcohol, and commemorative currency. This year, we are entering the high-tech security printing market in stages by supplying initial products for security certificates, ID cards, and customs clearance certificates to the governments of Egypt and Iraq.”

NANOBRICK is building a partnership with European Mint Corporations and global high-tech security printing companies leading the high-tech security printing market through participation in SDW, a global high-tech security document exhibition held every year in London, UK. It is planning to expand the application of high-tech security materials to developing countries in Asia such as India, Malaysia and Indonesia through the exhibition.

CEO Jae-Hyun Joo of NANOBRICK said, “The core competency of NANOBRICK is having a nano platform that can continuously release various functional new materials. The security business, the first commercialization project that utilizes this platform, is expanding the company’s brand protection product authentication solution areas to domestic and foreign cosmetics, pharmaceuticals, industrial parts, and electronic parts based on its own high-tech security materials. We are successfully entering the high-tech security verification market that requires advanced anti-counterfeiting technology.” Also emphasized the business strategy focused on functional materials; “In addition to the successful expansion of the security business, the company is building a stable sales structure by jointly promoting new functional new material businesses with global companies for products such as ‘functional color cosmetics’ and ‘color variable sensibility display’.”

According to an industry report, the global anti-counterfeiting packaging market is expected to grow from $82 billion in 2015 to $154 billion in 2020, recording an average annual growth rate (CAGR) of 13.41%. Meanwhile, the size of the global security printing market is expected to record a steady growth rate of 4.8% per annum, from $27.1 billion in 2017 to $34.3 billion in 2022.