Successful completion of technical milestones leads to follow-on orders
13th December 2007 - Oxford, UK
Oxonica plc ("Oxonica"), a leading international nanomaterials group, announces that following the successful completion of certain technical milestones, it has received a follow-on order of US$275k for its security business. Oxonica announced on 21st June 2007 the receipt of purchase orders totalling US $1.16 million with a further $525k contingent on the achievement of technical milestones. This follow-on order from the same customer represents the first tranche of the contingent orders and reflects strong technical progress over the last six months.
Oxonica Security develops covert brand and product security solutions based on proprietary, patented nanomaterials. The addressable market for this anti-counterfeiting technology is estimated at US $440 million per year and includes applications to high value documents, tax stamps, pharmaceuticals, fuel and luxury goods.
Oxonica Security develops covert brand and product security solutions based on proprietary, patented nanomaterials. The addressable market for this anti-counterfeiting technology is estimated at US $440 million per year and includes applications to high value documents, tax stamps, pharmaceuticals, fuel and luxury goods.