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Is anyone else holding this? This stock has only gone up for about the last 2 weeks. _________________________________________ InkSure Signs Contract for Protection of Ethical Pharmaceuticals
FT. LAUDERDALE, Fla., July 25 /PRNewswire-FirstCall/ -- InkSure Technologies Inc. (OTC Bulletin Board: INKS), a leading provider of covert machine-readable security solutions for the prevention of counterfeiting, fraud and diversion involving high profile brands and documents, today announced that its subsidiary, InkSure Inc., has entered into a contract to supply its authentication solutions to an undisclosed pharmaceutical customer in North America for a worldwide brand protection project.
The project involves the protection of millions of ethical (prescription-based) pharmaceutical products using InkSure's SmartInk coding solutions and handheld SignaSure authentication readers, as well as InkSure's quality assurance tools, which are used to monitor SmartInk application according to specifications. Initial deliveries under this contract are underway.
According to a report from Business Communications Company, Inc., a market research organization, ethical pharmaceuticals account for 74% of the global pharmaceutical market, and the sector is growing at double-digit percentage rates annually.
'Counterfeiting poses a huge risk to pharmaceutical manufacturers in terms of both loss of revenues and product liability issues,' stated Elie Housman, Chief Executive Officer of InkSure Technologies Inc. 'Because of the high stakes involved, this market requires authentication solutions that are highly secure and accurate, provide fast and definitive determinations of authenticity without relying on operator judgment or interpretation, and are easy to implement on a global scale. InkSure's solutions are ideally suited to meet these requirements.'
'InkSure will continue to focus on the pharmaceutical industry as a priority market, and we are currently involved in tests with a number of additional pharma companies and their suppliers,' continued Housman. 'We expect these tests to lead to additional pharma-related business later this year.'
InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and an R&D 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 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.
-------------------- "Whether you think that you can, or that you can't, you are usually right." - Henry Ford
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