Document Security Systems Awarded New Technology Licensing Contract
Published on Thursday, 09 August 2012 09:40 Written by TradersHuddle Staff
ROCHESTER, N.Y., Aug. 9, 2012 /PRNewswire/ -- Document Security Systems, Inc. (NYSE Amex: DSS; "DSS"), a leading developer and integrator of cloud computing data security, Radio Frequency Identification ("RFID") systems and security printing technologies which prevent counterfeiting, product diversion and brand fraud, reported today that it has signed a 3 year contract with a new licensee to print patented security technology for one of their 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. This licensee plans on introducing the technology to their additional clients on an as needed basis and DSS looks forward to future contracts with this integrator.
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."
About DSS (Document Security Systems, Inc.):
DSS provides counterfeit prevention, RFID tracking and comprehensive brand and digital information protection solutions to corporations, governments, and financial institutions around the world. DSS develops and manufactures secure printed products such as labels, packaging, ID Cards, RFID Cards and tags and documents using their AuthentiGuard line of patented optical deterrent and authentication technologies. The company also provides cloud computing security services, provides disaster recovery backup, writes custom software solutions, and integrates track and trace technologies.
For more information on DSS and its subsidiaries, please visit DSSsecure.com.
DSS is comprised of four operating units:
DSS Plastics Group – Custom RFID and Plastic ID Card Solutions (Brisbane, CA) PH: 415-585-9600
DSS Packaging Group – Commercial and Secure Packaging Manufacturing (Victor, NY) PH: 585-924-8460
DSS Printing Group – Commercial and Security Printing Manufacturing (Rochester, NY) PH: 585-341-3100
DSS Digital Group – Cloud Computing Services and Secure Digital/Internet Documents (Rochester, NY) PH: 585-746-6958
For more information on DSS and its subsidiaries, please visit DSSsecure.com.
For more information:
Safe Harbor Statement
The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, and are intended to be covered by the safe harbors created thereby. These forward-looking statements include, but are not limited to, statements regarding expectations for future financial performance, potential sales from new and existing customers, expected benefits from the Company's cost cutting efforts and/or statements preceded by, followed by or that include the words "believes," "could," "expects," "anticipates," "estimates," "intends," "plans," "projects," "seeks," or similar expressions, all of which involve uncertainty and risk. Many of these risks and uncertainties are discussed in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2011 filed with the Securities and Exchange Commission (the "SEC"), and in any subsequent reports filed with the SEC, all of which are available at the SEC's website at www.sec.gov. It is possible the company's future financial performance may differ from expectations due to a variety of factors including, but not limited to, the risks referred to above, and 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.
SOURCE Document Security Systems, Inc.
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