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Document Security Systems, Inc. Awarded New European and Canadian Digital Prism Technology Patents
Wednesday, March 17, 2010
Addition of new patents adds to Company's IP portfolio which now consists of 14 patents and another 57 patent applications in process
Rochester, NY -- Document Security Systems, Inc. (NYSE Amex: DMC; "DSS"), a world leader in the development and manufacturing of products and packaging containing optical deterrent and authentication technologies that help prevent counterfeiting and brand fraud from the use of desktop scanners and copiers, is pleased to announce today that it has been issued nine new patents covering seven European Countries and Canada.
All patents are associated with DSS's new digital "Prism" authentication and anti-counterfeiting technology which was recently highlighted as a "Covert security technology for plastic smart cards" on page 39 of a comprehensive industry white paper by Imperial Capital entitled, "Anti-Counterfeiting & Brand Protection. A copy of the white paper may be found here: http://www.imperialcapital.com/rpt/Industry/user/f554d9e1.PDF.
In addition to "Smart Cards," Prism also can protect labels, packaging, documents, currency and vital records.
Michael Caton, Chief Technology Officer of Document Security Systems, Inc., stated, "Based on our testing, Prism technology is the most powerful anti-scanning technology on the market. That's important because according to the U.S. Secret Service, scanning is the most prevalent method used by counterfeiters. Prism has never been captured by any scanning device regardless of the resolution which makes it 100% effective as an inexpensive authentication technology for all brand owners. The technology is inexpensive since it is easily applied in the traditional or digital print production process and it does not require expensive, slow, hardware and software add-ons like competitors are offering."
Patrick White, CEO, stated, "I am really proud of the innovation of our engineers and our legal team at Harter Secrest & Emery LLP for their excellent work on our valuable and growing intellectual property portfolio."
About Document Security Systems, Inc
Document Security Systems is a technology company in the security and protection services sector which develops and manufactures products and packaging containing patented and patent pending optical deterrent technologies that help prevent counterfeiting and brand fraud from the use of the most advanced scanners, copiers and imaging systems in the market. The company owns over 30 different patented and patent-pending technologies and products which protect valuable documents and printed products from counterfeiters and identity thieves. The company has 3 manufacturing facilities which produce secure printing, packaging and plastic ID cards. Document Security Systems' customers, which include international governments, major corporations and world financial institutions, use its covert and overt technologies to protect a number of applications including, but not limited to, currency, vital records, brand protection, ID Cards, Smart Cards internet commerce, passports, gift certificates and packaging. Document Security Systems' strategy is to become the world's leading producer of cutting-edge security technologies for paper, plastic and electronically generated printed assets.
More information about Document Security Systems, Inc. and its products and services can be found at www.documentsecurity.com, www.plasticprintingprofessionals.com, www.protectedpaper.com, www.dpirochester.com and www.premiercustompkg.com.
Safe Harbor Statement
This release contains forward-looking statements regarding expectations for future financial performance, which involve uncertainty and risk. It is possible the Company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, changes in economic and business conditions in the world, increased competitive activity, achieving sales levels to fulfill revenue expectations, consolidation among its competitors and customers, technology advancements, unexpected costs and charges, adequate funding for plans, changes in interest and foreign exchange rates, regulatory and other approvals and failure to implement all plans, for whatever reason. It is not possible to foresee or identify all such factors. Any forward-looking statements in this report are based on current conditions; expected future developments and other factors it believes are appropriate in the circumstances. Prospective investors are cautioned that such statements are not a guarantee of future performance and actual results or developments may differ materially from those projected. The Company makes no commitment to update any forward-looking statement included herein, or disclose any facts, events or circumstances that may affect the accuracy of any forward-looking statement.
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