ROCHESTER, N.Y., Dec. 1, 2022 /PRNewswire/ — VerifyMe, Inc. (NASDAQ: VRME) along with its subsidiary PeriShip World LLC (“PeriShip World”), (collectively “VerifyMe,” “we,” “our,” or the “Firm”) offers model house owners time and temperature delicate logistics, provide chain monitoring, authentication, and data-rich shopper engagement, introduced right this moment that it has renewed its unique ink taggant partnership with HP Indigo Ltd. (“HP Indigo”) for a interval of 5 years.
VerifyMe has entered into an amended settlement with HP Indigo to supply VerifyInk™ safety ink taggants for a line of HP Indigo digital press fashions. HP Indigo sells VerifyMe’s safety ink know-how in ink cannisters to be used on the HP Indigo 6000 sequence as “HP Safety Electroink”. Beneath the amended settlement, the events agreed to:
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A brand new five-year time period commenced on November 21, 2022;
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Improve the scope of cooperation. Along with the VerifyMe IR Ink, HP Indigo will refer alternatives for extra VerifyMe applied sciences similar to shopper engagement codes, and new model safety applied sciences; and
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Take into account including different HP Indigo press fashions supporting the Safety Electroink on an as wanted foundation
HP Indigo’s digital presses are able to printing completely different photographs for every particular person impression in its output stream, enabling advertising and marketing campaigns to succeed in customers in additional artistic and fascinating methods. Examples embrace extremely focused commercials, seasonal and restricted editions of consumables, new product introductions, and individually customized merchandise. As well as, HP Indigo prints labels and packaging with individualized VerifyMe safety and shopper engagement codes mixed with VerifyMe’s ink taggant for elevated authenticity verification for meals, drinks, credentials and pharmaceutical merchandise.
VerifyMe Chief Government Officer, Patrick White, commented, “We’re very excited to announce this extension of our strategic partnership with HP Indigo. We imagine the brand new expanded royalties and commissions embodied on this settlement will drive some new income initiatives to VerifyMe starting in 2023. Now we have by no means acquired a report of our taggant know-how being compromised. We imagine it is likely one of the simplest and important layers of label and packaging printing know-how to stop counterfeiting for merchandise, credentials, tax stamps, medicine, meals, drinks, voting ballots, nutraceuticals, attire and some other essential doc or merchandise which want safety.”
About HP Indigo Ltd.
HP Indigo Ltd. is a division of HP Inc.’s Personalization and Industrial Group with places of work around the globe and its headquarters in Ness Ziona, Israel. HP Indigo develops, manufactures and markets digital printing options, together with printing presses, proprietary consumables/provides and workflow options. HP Indigo is named a pioneer of digital printing know-how. Digital printing refers back to the capability to print with out plates or different tooling processes and has three main advantages: it makes brief runs and customized print cost-effective, it allows using variable information (similar to textual content or photographs), and it makes just-in-time printing attainable. Consequently, digital presses have modified the financial fashions for printing in all kinds of market segments, together with labeling, packaging, advertising and marketing, in addition to instructional textbooks, journals and periodicals. These features are notably essential given the consolidation and diminishing profitability of conventional print segments, such because the decline of newspapers and magazines.
About VerifyMe, Inc.
VerifyMe, Inc. (NASDAQ: VRME), along with its wholly owned subsidiary PeriShip World, is a software program pushed logistics supplier of high-touch, end-to-end logistics administration. We offer logistics administration from a classy IT platform with proprietary databases, package deal and flight-tracking software program, climate, and flight standing monitoring programs, in addition to dynamic dashboards with real-time visibility into cargo transit and last-mile occasions. As well as, VerifyMe offers model safety and shopper engagement options permitting model house owners to assemble enterprise intelligence. For added data, please go to: https://www.verifyme.com.
Cautionary Word Concerning Ahead-Wanting Statements
This launch incorporates forward-looking statements concerning our strategic partnership and commercialization efforts. The phrases “will” and “offers” and comparable expressions, as they relate to the Firm, are supposed to determine forward-looking statements. Now we have based mostly these forward-looking statements largely on our present expectations and projections about future occasions and monetary developments that we imagine could have an effect on our monetary situation, outcomes of operations, enterprise technique and monetary wants. Essential components that would trigger precise outcomes to vary from these within the forward-looking statements embrace the impression of the COVID-19 pandemic, our reliance on our strategic associate, the profitable growth of our gross sales and advertising and marketing capabilities, the profitable integration of our acquisitions (together with the acquisition of the property of PeriShip, LLC), our capability to retain key administration personnel, our capability to work with companions in promoting our applied sciences to companies, manufacturing difficulties, our lack of ability to enter into contracts and preparations with future companions, points which can have an effect on the reluctance of huge firms to vary their buying of merchandise, acceptance of our applied sciences and the effectivity of our authenticators within the subject. These danger components and uncertainties embrace these extra absolutely described in VerifyMe’s Annual Report and Quarterly Reviews filed with the Securities and Alternate Fee, together with beneath the heading entitled “Threat Elements.” Ought to a number of of those dangers or uncertainties materialize, or ought to any of our underlying assumptions show incorrect, precise outcomes could fluctuate materially from these at the moment anticipated. Any forward-looking assertion made by us herein speaks solely as of the date on which it’s made. Elements or occasions that would trigger our precise outcomes to vary could emerge every now and then, and it’s not attainable for us to foretell all of them. We undertake no obligation to publicly replace any forward-looking assertion, whether or not on account of new data, future developments or in any other case, besides as could also be required by legislation.
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SOURCE VerifyMe, Inc.