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Featured:     European Coverage     Production Inkjet Analysis

Check 21 Compliant Void Pantographs Prices Increasing

Tuesday, August 31, 2004

Press release from the issuing company

Toronto, Ontario -- Adlertech International Incorporated, the leading provider of Security Print Technologies in North America, is scheduled to increase it's non-royalty flat-rate licensing fees for it’s Void Pantograph Technology. Void Pantographs are used in checks, prescription pads, tickets, driver’s licenses and other valuable documents and appear when they are illegally copied. The VOID Pantograph is always the first line of defense against fraud. Adlertech has made a name for itself by simplifying and standardizing the print process for VOID Pantographs. Adlertech has made it easy and cost effective for all commercial printers to be able to offer this patented technology to their clients. On October 28th check 21 (Checks for the 21st Century) comes into effect and Adlertech's VOID Pantograph is Check 21 compliant. The company fees for a basic full use, non-royalty license, will increase from a modest $500.00 per annum to $1000.00 (conditions may apply). Check 21 is going to be the biggest operational change for the banking industry in decades. Banks will no longer be required to exchange paper checks; they will be able to electronically scan and image those same checks and exchange the images instead of the paper checks. In order to make the operations efficient these new check images must scan clean - the VOID Pantographs must drop out and not be seen in the scan. Adlertech International's VOID Pantograph not only meets ANSI X9.7 specifications but also remains one of the most effective anti-counterfeit print technologies available in the world. "What we have done is made printing a VOID pantograph easy and cost effective. We eliminated waste and made production consistent for our licensees" says Andrew McTaggart of Adlertech International. "One customer, a well known check and business forms printer, with 2 plants has told us that we had reduced his wastage by about 50%. This is significant because his profit has gone up substantially", continues McTaggart. "Other customers print coupons, prescription pads (California Bill 151), car titles, and even blank security paper for re-sale. We have become the largest technology provider in the market today". "Plus we do not charge royalties (our competitors charge as much as 5% royalty for the use of their technology) and our service is second to none. Ask any of our licensees and they will tell you that we’re a no lie, hands on company, and we like that” concludes McTaggart.




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