Published: May 21, 2008
InkSure and eProvenance Form Technology Alliance to Protect the Fine Wine Market
FORT LAUDERDALE, Fla., May 21 /PRNewswire-FirstCall/ -- InkSure
Technologies Inc. (OTC Bulletin Board: INKS), a leading provider of covert
machine-readable security solutions ("CMRT") for the detection of
counterfeiting, fraud and diversion, today announced that it has signed an
agreement with eProvenance LLC for exclusive distribution of InkSure's
authentication solution into the fine wine market in major wine producing
countries in the world. InkSure has customized the covert security ink and
handheld readers that are an integral part of the eProvenance system to
address the growing counterfeiting problems within the fine wine industry.
eProvenance applies advanced technology (RFID and InkSure covert ink) to
authenticate and track fine wines and champagne from producer to consumer. In
addition to authentication, the system monitors and records the storage
temperature, while collecting the pedigree for each bottle in a secure online
database. With the eProvenance system, the bottle is secured, the contents are
secured, and temperature history can be tracked for each case shipment, thus
assuring the long-term value of the asset.
"The portfolio of technologies from eProvenance provides an enhanced level
of authentication and confidence for the fine wine supplier and consumer,"
stated Don Taylor, Vice-President of Global Marketing for InkSure Inc. "We
anticipate eProvenance will be highly successful with their integration
expertise inFrance and other major wine producing areas. We look forward to
working with them exclusively in this market."
"InkSure emerged as our preferred supplier for authentication due to their
ability to provide custom covert codes and highly reliable handheld readers
that are integral to our anti-counterfeit solution for the fine wine industry.
Their responsiveness and technical capability has been invaluable," commented
eProvenance CEO Eric Vogt.
About eProvenance
Founded in January 2007 by Eric Vogt, eProvenance applies advanced
technology to assure the provenance of fine wines from producer to consumer
using its innovative Intelligent Bottle(TM) and wine temperature tracking
system along with its web site, http://www.eprovenance.com. eProvenance serves
the rapidly growing fine wine industry globally (1.1 billion bottles) and
generates the proprietary information and reports which can assure the actual
Provenance of each bottle, thus proving and preserving the asset value. The
company is currently implementing programs with nine leading Bordeaux
Chateaux, including several first growths. Among its first customers are
Chateau Bauduc, Chateau Lynch Bages, Chateau Margaux and Chateau Palmer. The
Franco-American team is headquartered inBoston, Massachusetts, with offices
in theUSA and inBordeaux andParis, France. eProvenance has exclusive rights
for its technology as applied to the global wine industry, and has four U.S.
patents pending for eProvenance technology certifying provenance and
authenticity of alcoholic beverages using RFID and other technologies through
all stages of the distribution channel.
About InkSure Technologies Inc.
InkSure Technologies Inc., with its corporate headquarters inFt.
Lauderdale, Florida and its research and development center in Science Park,
Rehovot,Israel, specializes in comprehensive, covert security solutions
designed to protect high profile brands and documents of value from
counterfeiting, fraud and diversion. The Company's sales and marketing
activities target a number of market opportunities, including financial,
pharmaceutical, branded products, transportation, and
government/institutional, on a global scale. The Company's R&D activities
include the development of "chipless" RFID technology for affordable
item-level secure logistics and track-and-trace applications.
The Company's common stock is listed on the OTC Bulletin Board under the
symbol "INKS". Additional information on the Company is available on its
website at http://www.inksure.com.
Statements contained in this Press Release, other than statements of
historical facts, are forward-looking statements subject to a number of
uncertainties that could cause actual events or results to differ materially
from some statements made.
For further information, please contact:
Don Taylor, Vice President - Global Markets, InkSure Inc. +1-954-772-8507 or
via e-mail at dtaylor@inksure.com
Or
Louise Domenitz +1-617-484-2515 or via email at
louise.domenitz@eprovenance.com
SOURCE InkSure Technologies Inc.
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