Nanotech Security is being acquired by Meta Materials for $90 million in an all cash transaction.
The Vancouver-based company is well known for its banknote security and anti-counterfeiting solutions that include movement, 3D depth, and multiple colours that are nearly impossible to reproduce.
Nanotech’s LumaChrome colour-shifting film is an established technology that has been used for decades with over 30 banknote denominations and multiple secure ID applications in over ten countries.
Meta Materials is a developer of high-performance functional materials and nanocomposites. Meta will indirectly acquire Nanotech which trades on the TSX under symbol NTS for $1.25 per common share.
Last year Nanotech Security expanded into the brand protection market with its LumaChrome colour-shifting film.
LumaChrome colour-shifting film can be customized with brand names, logos or taglines and is available in multiple widths and formats or can be converted into pressure sensitive adhesive (PSA) labels, patches, or stripes for direct application. LumaChrome offers quick, intuitive authentication through a crisp colour transition when the viewing angle is changed.