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TechConnect Summit 2006
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TechConnect

Platinum Sponsor

Welsh & Katz, Ltd.

Gold Sponsor

ISTC International Science & Technology Center

Ventures Enabling Sponsor

Atomic Venture Partners

Press Sponsor

Business Wire

Partnering Sponsor

NSTI

Supporting Organizations

Boston University
Midwest Research University Network

Media Sponsors

(joint with Nanotech 2006) Nature
Science
R&D Magazine

Summit News

Event Contact

Jennifer Rocha
955 Massachusetts Ave. #313
Cambridge, MA 02139
Phone: (774) 249-8514

Prime Technology

Location:MA, US
Speaker:Christopher Ricci
Title:CEO
Primary Industry:Anticounterfeiting Systems
Executive Summary:Counterfeiting represents a worldwide problem that has shown exponential growth over the past twenty years. Interpol estimates current global economy losses to be in the range of $450-500 billion annually, with volumes rising sharply. The trade in counterfeit and illicit goods represents an estimated six to nine percent of all world trade and has a direct impact on the growth of world economies. Commonly counterfeited items include software, medicine, automobile parts, electronics, identity documents and currency itself. Prime Technology, an NCR company, has created a revolutionary taggant technology, called LumID, that provides a highly secure, covert deterrent to counterfeiting. The sub-micron sized LumID taggants are custom manufactured to create a client-specific signature or code and are well suited for deployment in inks, paints, polymers and paper. A low cost proprietary scanner is used for instantaneous authentication. Critical to the successful deployment of any anti-counterfeiting technology are three objectives: 1. Scalability. Ease of deployment over an industry wide environment. 2. Affordability. Low cost installation and operation, allowing for a fast and meaningful return on investment. 3. Security. Virtually impossible to reverse engineer. We respectfully submit that Prime Technology is the first to deliver on all objectives.
Venture is:B-Round

 

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