As part of the agreement, NPC will partner with Document Security Systems to deliver the AuthentiGuard technology suite to new customers as well as through established sales channels in the government, healthcare, and academic markets. In the agreement, Document Security Systems (DMC) has granted NPC a non-exclusive license in the United States for the AuthentiGuard technology suite for which NPC has agreed to pay DMC a minimum annual royalty fee plus a percentage royalty per project. NPC, a privately-owned company, expects its initial sales focus to include its current government and commercial customer base.
Peter Ettinger, president of DMC, said: This is a significant agreement for us as it provides Document Security Systems with a new and commanding presence in the government market, which is focused like never before on issues of anti-counterfeiting and security. With this partnership, we have direct access to agencies and integrators working towards use of our products in projects involving security for items such as passport and visas, vital records, and secure identifications.
