Digimarc Signs Multi-Year, $30 Million-Plus Contract to Protect the Authenticity of High-Value Items and National Recycling Program
10 Maio 2023 - 5:05PM
Business Wire
Digimarc Illuminate platform selected to guard the integrity of
precious metals, critical building materials, and a national
deposit-return system
Digimarc Corporation (NASDAQ: DMRC) today announced a major new
contract to protect the authenticity of precious metals and
building materials and guard the integrity of a national
deposit-return system for recycling.
The 5-year contract with an international solutions provider is
worth more than $32 million, with the potential to grow
significantly based on other optional programs in 2024 and beyond.
Under the deal, the Digimarc Illuminate platform will protect the
authenticity of gold, silver, platinum, and other precious metals
as well as key building materials used in commercial
construction.
The contract also marks Digimarc’s entry into a new market
adjacency by guarding the integrity of a national deposit-return
system (DRS), combining Digimarc’s excellence and expertise in both
anti-counterfeiting and recycling to support increased circularity
of food and beverage containers.
“This exciting opportunity reflects the reputation for security,
scalability, and trustworthiness we have earned through our work
with the world’s central banks, combined with the proven power of
our technology to fight counterfeits and improve recycling in the
commercial world,” said Riley McCormack, CEO at Digimarc.
“Moreover, these programs embody who we are and our commitment to
changing the world by promoting a prosperous, safer, and more
sustainable planet. This contract expands Digimarc’s reach in the
security printing world, opening a large and exciting new market
segment for our Illuminate platform -- one that reinforces our
history, technology, and mission.”
A leading provider of product digitization solutions, Digimarc
for decades has delivered technologies deterring counterfeiting of
currency for a global group of central banks, a relationship which
was recently extended through the end of this decade. In the
commercial realm, Digimarc has earned a reputation as a trusted
partner by providing product authenticity solutions for the
pharmaceutical, tobacco, and other industries.
Digimarc is also recognized for contributing to recycling
programs in Europe, France, and Canada. Digimarc Recycle improves
plastics recycling at scale, overcoming the limitations of today’s
optical sorting technologies to drive a step-change improvement in
the quality and quantity of recyclate. With this announcement,
Digimarc proudly expands its involvement in the global recycling
effort by protecting the integrity of a national DRS program.
“Our commitment to product authenticity and environmental
sustainability has never been stronger, and we’re thrilled that our
new customer shares the same enthusiasm for leveraging our
world-leading product digitization platform to ensure the integrity
of every transaction,” McCormack added.
About Digimarc
Digimarc Corporation (NASDAQ: DMRC) is a global leader in
product digitization. A pioneer in digital watermarks, Digimarc
connects every physical and digital item to a digital twin that
enables products to inform, instruct, and act. Trusted to deter
counterfeiting of global currency for more than 20 years, Digimarc
is also recognized for ensuring product authenticity, improving
plastics recycling, and more with a commitment to promoting a
prosperous, safer, and more sustainable world. See more at
Digimarc.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230510005400/en/
Corey Grice 503-469-4731 pr@digimarc.com
Digimarc (NASDAQ:DMRC)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Digimarc (NASDAQ:DMRC)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024