Oxonica announces the sale of its subsidiary company – Oxonica Materials Inc

On 30th July 2010, Oxonica announced the sale of its subsidiary company – Oxonica Materials Inc. (OMI) – to Cabot Corporation in an all-cash transaction.

OMI is a leading developer of Surface Enhanced Raman Scattering (SERS) materials and detection methods. These SERS materials provide a unique signal that can be detected using specialized readers and therefore provide highly counterfeit-resistant security solutions for a broad range of applications including brand security, fuel markers, tax stamps and identification.

Cabot Corporation’s Security Business is a leading supplier of covert taggants for many high security applications.