Document Security Systems, a manufacturer of products and packaging containing authentication technologies, has signed a three year contract with a new licensee to print patented security technology for one of its Fortune 500 clients.
The new licensee will produce pre-printed base documents containing the latest generation of DSS counterfeit prevention technology to deter fraud in consumer transactions at more than 19,000 locations worldwide. The contract is unit based and has guaranteed minimums. The licensee’s client chose DSS’s AuthentiGuard technology after evaluating multiple other technologies. The licensee is said to be planning to introduce the technology to its additional clients on an ‘as needed basis’.
Patrick White, CEO of DSS, commented: ‘DSS continues to seek strategic licensees that allow us into specific market areas with our technologies. With this licensee being a leader in their niche market sectors, this contract brings DSS technology into transactional media with a multitude of further contract opportunities. We look forward to growing this relationship into a successful partnership with beneficial growth for both companies.’