Authentix Named One Of CIOReview’s Top 20 Most Promising Oil And Gas Solutions Providers

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ADDISON, TexasJuly 29, 2019 /PRNewswire/ — Authentix, Inc., a U.S.-based technology solutions provider specializing in supply chain security and authentication programs, was selected as one of the top 20 most promising solutions providers in the oil and gas industry by leading enterprise technology publication, CIOReview.

Every year, CIOReview analyzes the growing marketplace of service providers and awards the best-in-class with this prestigious award. This is done as a service to chief information officers with the difficult task of choosing the right partners to leverage the significant technological innovations to boost prosperity in their long-term growth and digital transformations. The exclusive list of vendors was selected by a distinguished panel of CEOs, CIOs and VCs, industry analysts and the editorial board of CIOReview after exhibiting excellence in offering efficient solutions and expertise in the oil and gas industry.

“Authentix secures the integrity of global commerce by verifying the authenticity of physical products through advanced technology solutions and connecting the output of that information to a robust, digital information platform. This provides our clients with insightful analytics to ensure the integrity of their fuels, minimize fraud, and increase market share or tax collections. We are honored to have CIOReview recognize Authentix for our proactive innovation in these complex environments, our proven sector expertise and the ability to help our clients gain a distinct competitive advantage,” states Kevin McKenna, CEO of Authentix.

Authentix operates fuel marking programs on five continents helping governments protect fuel tax revenues and leading branded fuel owners protect the integrity of their products. These programs consist of proprietary markers in refined fuels that can detect and prevent grade swapping, adulteration, and tax avoidance from the introduction of illicit fuels. Also, the company offers an information and data management platform to aggregate operational data, provide field test results and reporting tools for insights into potential issues within the supply chain and what types of actions need to be taken and when. Additionally, Authentix supplies marking programs for crude oil pipelines, fuel quality inspection services, and remote sensor monitoring of measurement devices in the fuel supply chain.

About Authentix
As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial  products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North AmericaEuropeMiddle East, and Africa serving clients worldwide. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

Contact: info@authentix.com

Authentix® Recieves Export Achievement Award From the U.S. Department of Commerce International Trade Administration

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ADDISON, Texas, May 20, 2019 – Authentix, Inc., a U.S.-based technology solutions provider specializing in supply chain security and authentication programs, was presented the 2019 Export Achievement Certificate (EAC) on May 16, 2019, by the United States Department of Commerce for the company’s continued success and expansion in international markets.

The EAC award was originally created in 2001 by the International Trade Administration’s U.S. Commercial Service division. The award recognizes U.S. based enterprises that successfully entered a new foreign market. Today, the EAC may be given to both first time and experienced exporters that have completed a noteworthy export transaction or that successfully introduced a new product line in a foreign market.

Authentix has worked with U.S. Commercial Service for 13 years as it continues to grow and deliver advanced authentication solutions to commercial companies, national governments, and leading central banks across the globe. With over 25 years serving the international marketplace, Authentix is proud to deliver supply chain security on five of the seven continents.

“The U.S. Commercial Service has supported Authentix’s presence in global markets with local knowledge and experience that connects the right stakeholders and decision makers to our mission to safeguard the integrity of global commerce. With their help, we have been able to grow our footprint internationally and deliver advanced authentication solutions to help our customers thrive in a global economy,” states Kevin McKenna, CEO of Authentix.

The U.S. Commercial Service visited Authentix headquarters in Addison, Texas on May 16, 2019, where Ana Guevara, Deputy Assistant Secretary of U.S. Operations, delivered the award to Authentix. “Exporting businesses like Authentix are the engine of the U.S. economy. I am pleased to have presented an award for effective export activities to Authentix, and gratified that the U.S. Commercial Service had an opportunity to help facilitate their global success,” said Ms. Guevara.

About Authentix:

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

 

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix® Welcomes Kent Mansfield to its Executive Team

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ADDISON, Texas, April 24, 2019 – Authentix, the authority in authentication solutions, welcomes Kent Mansfield as its Chief Sales and Marketing Officer.

Mansfield is responsible for strategically aligning Authentix solutions and expertise to key business unit operations to build and maintain our global brand and drive market development in key focus areas. In his role, Mansfield also oversees global sales and marketing for Government and Commercial Oil & Gas Programs and Brand Protection.

“Kent’s extensive background in the brand protection, security and technology industries, along with his expertise in sales, marketing, channel and product management, is extremely valuable toward helping Authentix provide advanced authentication solutions that enable customers to thrive in supply chain complexity.” states Kevin McKenna, CEO of Authentix.

He began his career in the commercial and investment banking sector before entering the security industry in 1995. He was part of the original executive team, which created Authentix from the merger of Isotag and Biocode in 2003.  He has also served in executive roles with Ultrak, Smart Holograms, Boardroom Software, and TruTag Technologies.

Mansfield holds a Bachelor of Business Administration in Finance from Texas Tech University.

About Authentix:

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

 

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix® Welcomes Jeff Bowers to its Executive Team

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ADDISON, Texas, April 18, 2019 – Authentix, the authority in authentication solutions, welcomes Jeff Bowers as Senior Vice President of Engineering.

In this new role, Bowers oversees all hardware and software development as well as the global engineering function. He brings more than 20 years of experience leading global development teams in full lifecycle product engineering and interfacing with customers to define, deliver and support solutions that meet current and emerging needs.

“The Engineering department at Authentix plays a critical role in advancing our technology products to accelerate our digital transformation and provide advanced authentication solutions to meet our customers’ evolving needs,” states Kevin McKenna, CEO of Authentix, adding that “We are thrilled to have Jeff on board to lead this charge.”

Prior to Authentix, Bowers spent 20 years with Giesecke+Devrient in various engineering and software solutions leadership roles. Bower’s career began at the Jonathan Corporation as the Engineering Manager.

Bowers earned his Master of Business Administration from Duke University – The Fuqua School of Business and a Bachelor of Science degree in Electrical Engineering from Ohio Northern University. Bowers lives in Dallas after recently relocating from Washington, DC.

About Authentix:

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix® Announces Executive Team Promotion

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ADDISON, Texas, April 12, 2019 – Authentix, the authority in authentication solutions, is pleased to announce the promotion of one of its most tenured executive leaders, Kristi Browne, to Senior Vice President, Global Services.

In this new role, Browne is now responsible for managing cross-functional groups accountable for client programs in Oil & Gas, Brand Protection, Tax Stamps, and Currency business units.  Her team handles all program management, solutions development, production, and logistics for our clients on a worldwide basis. Being with Authentix for over 17 years gives her unique insight and vision coupled with an ability to manage excellence in delivery of solutions to the company’s high-quality client base.

“Kristi’s detailed understanding of delivering authentication solutions to our client base is unmatched because of her years successfully leading different areas of the organization,” stated Kevin McKenna, CEO of Authentix, adding that “The commitment to our mission and the values Kristi and her team demonstrate is one of the primary reasons for our 95% customer retention rate.”

Browne holds a Bachelor of Science in Chemical Engineering from the University of Arkansas and lives with her husband and two children in Dallas, Texas.

About Authentix:
As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix® Announces Acquisition of Security Print Solutions Limited

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ADDISON, Texas, April 3, 2019 — Authentix, the authority in authentication and information services, announced that it has acquired Security Print Solutions Limited (“SPS”) through its United Kingdom based entity, Authentix Limited.

United Kingdom based SPS is an industry leader in providing high security print solutions to a broad base of global clientele. The company offers a highly diverse product portfolio including high security tax stamps and a host of security labels and other documents such as patented and multi-layered security technologies it deploys in its solutions. For over 30 years, SPS has been at the forefront of developing new and patented methods, combining innovation in print with new technologies and decades of craft.

“This strategic acquisition expands our portfolio of security technologies to grow our support in tax recovery programs for governments as well as increasing the scope of offerings for our brand protection clients,” stated Kevin McKenna, CEO of Authentix, adding “a key element of our growth plan includes integration of a high security printing operation into our organization and we can’t think of a higher quality candidate than SPS.”

SPS will remain a stand-alone operating entity retaining its respective brands, with a plan to integrate within the Authentix group of companies to grow a collective set of strategic offerings and leverage the sales platform extensively in the markets served.

About Security Print Solutions:

SPS is one of the world’s leading security print solution providers in the revenue recovery and brand protection domain. Originally the business produced tickets for major events and secure cheques. But over the years the business has increasingly focused on custom tailored secure documents (certificates and legal paperwork), brand protection, and tax & revenue protection solutions for governments in MEA.

About Authentix:

As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in North America, Europe, Middle East, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

Media Contact:
Sonyett Bailey
Senior Director, Corporate Marketing
sonyett.bailey@authentix.com

Authentix Inc. Selected as 2018 Global Energy Awards Finalist

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Winners to be Recognized at December 6 New York Gala

NEW YORK (October 29, 2018) – Energy companies from 37 countries have been selected as finalists for the S&P Global Platts Global Energy Awards. The 2018 finalists were announced by program host S&P Global Platts, the leading global provider of energy and commodities information and spot market benchmarks.

Authentix®, Inc., the authority in Authentication Solutions, is the sole provider of quantitative LPG marking technology in the world. Authentix partnered with Coral Gas Greece, to promise ensure brand protection of its Automotive Liquefied Petroleum Gas (LPG) using an the Authentix Assure™ Fuel Authentication and Product Quality Assurance Solution. The solution was nominated under two categories, the Award of Excellence – Downstream and the Commercial Technology of the Year Award. Authentix has been named a finalist in both categories.

Established in 1999 and often described as “the Oscars of the energy industry,” Global Energy Awards highlight corporate and individual innovation, leadership and superior performance in 19 categories that span the entire energy complex.

Coral Gas wished to ensure a complete quality and quantity control of its product at retail stations. wThrough aith the collaboration collaborative partnershipand support of Authentix, we proceeded to bring this to the market- which is a European first and a significant innovation. Authentix Inc. has enabled Coral Gas Greece, to be the only company in the European Union which canto offer this level of assurity to its customers.

Hundreds of energy industry representatives are expected to attend the 2018 Global Energy Awards black-tie dinner gala in New York City on December 6. The awards program will be emceed by CNBC Reporter Jackie DeAngelis.


About Authentix Inc.: As the authority in authentication solutions, Authentix helps customers thrive in supply and distribution chain complexity. We provide advanced authentication solutions for governments, central banks and commercial products, ensuring local economies grow, banknote security remains intact and commercial products have robust market opportunities. Our partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks to promote revenue growth and gain competitive advantage.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in the US, UK, UAE, and Africa serving clients worldwide. For more information, email: info@authentix.com or visit our website: www.authentix.com

About S&P Global Platts: At S&P Global Platts, we provide the insights; you make better informed trading and business decisions with confidence. We’re the leading independent provider of information and benchmark prices for the commodities and energy markets. Customers in over 150 countries look to our expertise in news, pricing and analytics to deliver greater transparency and efficiency to markets. S&P Global Platts coverage includes oil and gas, power, petrochemicals, metals, agriculture and shipping.

S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.

Media Contact:
Sonyett Bailey
Corporate Marketing Director, Authentix
Sonyett.Bailey@Authentix.com

Two Trillion Liters of Insight- Preventing Illicit Fuel Trade

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Illicit fuel trade is a major, global challenge within the oil and gas industry, the consequences of these unlawful actions being pervasive, from environmental damage to depriving governments of customs and tax revenues and actively supporting illegal activities.

The first Oil & Fuel Theft Summit was held in Geneva in April 2018 which helped to create discourse between high-level stakeholders within the hydrocarbons industry on how we can fight this revenue depriving delinquency. Authentix was a corporate sponsor of the event, where our team provided understandings on the issue, encouraging collaboration and drawing attention to this subject, we sought to deepen awareness.

Authentix insights into combatting fuel trade spans our experience over the last 20 years protecting more than two trillion liters of product in that time.

As the authority in authentication since 1998, Authentix’s extensive, proven experience in public and private sector authentication solutions ensures the programs implemented for our customers are comprehensive, technologically advanced and professionally executed.

We believe a system of fair and open commerce is an agent for good in the world, when that system is compromised civil society is weakened. We feel our company’s beliefs and mission help to ultimately combat illicit fuel trade.

Illicit operators go to where the money can be made. The mechanics of fuel fraud allows for this since price arbitrage drives the opportunity for offenders. In Mexico for example, taking stolen product and selling it approximates to USD4B industry per annum. In Ireland, criminals take subsidized diesel remove dye markers and transport it across neighboring borders to be sold as fully taxed diesel and pocket the price difference. Selling unbranded fuel as branded fuel, dilution or adulteration the possibilities are abundant for criminals to profit. The problem is huge, and the typical illicit trade rate which we have seen in serving our customers is usually about 30%.

In the European Union lubricating oils can be moved without being monitored by Excise Movement and Control System because they are not subject to excise tax in the EU and only a few States apply national taxation on these products. Fraudsters manufacture and transport lubricating oil throughout the EU and then introduce it in the mainstream network and sell it as automotive diesel fuel with the consequential evasion of excise duties.

Technology alone is not the solution. Understanding the job to be done, the desired outcomes to be achieved and how we apply technology to realize those outcomes is the way Authentix helps customers be the heroes.

Customers want to understand where their problems are and what they need to do to solve them.

Fuel markers and field analyzers are a part of the solution but translating data into actionable insights to combat illicit trade is key. Our Authentix Information System (AXIS) is an integrated set of software applications that collects data from testing performed on fuel samples, combined with fuel volume and pricing and other information which allows for intelligent analysis to be done which deliver those actionable insights.

Authentix Services and Support is available to our customers throughout the program and includes advisory services, design services, implementation services, and operational support.

Subsidized fuel looks exactly like full priced fuel, branded fuel looks exactly like unbranded fuel. So, marking fuels is important, since it enables the efficient determination of the identity of fuel products. Fuel marking as a tool within a program is cost effective and makes sense. The proper application of this technology lends to the idea of – its less of what you have but more of what you know from it.

Authentix’s roots are as an analytical chemistry company. Our core capability in developing robust molecular markers, purpose built to withstand adulteration and illicit filtering methods, has earned us the reputation as the premier covert marker developer.

Understanding the desired outcome of a program is significant to our goal at Authentix whether it be protection of a subsidized product, ensuring quality throughout the supply chain, trying to increase the collection of excise taxes or trying to stop smuggling, we focus on devising solutions that address our customer’s needs.

It may sound complicated and customers may seem overwhelmed with available technology solutions on the market, various types of programs being offered but our advice at Authentix is – Do Something!

There are simple approaches to begin deterring illicit activity. Making the issue more visible and having offenders understand the consequences involved in being complicit in this behavior is a preventive move and minimizes the problem. This menace is not going away till we do something.

Board Names Kevin McKenna as Next CEO

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ADDISON, Texas, May 24, 2018 – Authentix® announced today that Kevin McKenna will become its next President and Chief Executive Officer effective May 29, 2018. Kevin succeeds Bernard C. Bailey who will continue to serve Authentix as Chairman of the Board. McKenna joined the Company’s executive team in 2012 and has served in various capacities touching all Authentix markets as President of Oil and Gas as well as General Manager of the Brand and Currency and Tax Stamp businesses. He most recently served as the Chief Sales and Services Officer responsible for global sales and all customer engagements. He has been a key contributor to the successful growth and subsequent sale of Authentix to Blue Water Energy, a London-based private equity firm, in September 2017.
“For more than 20 years, Authentix has provided advanced solutions to combat illicit trade across the globe. It is a great honor to now lead Authentix in the next phase of our growth as we look to advance our world-class authentication solutions into new markets and next generation technologies,” said Kevin McKenna. “We have an exceptionally talented team at Authentix that is focused on unlocking future growth opportunities while being committed to our existing customers’ success. I am incredibly optimistic about our future.”

Prior to Authentix, McKenna held executive management roles within the information technology and security industries at HID Global and L-1 Identity Solutions. He began his career with IBM Global Services, serving in a variety of consulting and program management positions.

Bailey commented, “Kevin’s breadth of experience, coupled with his deep understanding of our global customers and markets make him a superb choice for leading Authentix moving forward. His vision, strategic insights and execution track record are exactly what Authentix needs as we enter into our next chapter, which I am confident will be even more impactful and exciting than our last.”

After earning his undergraduate degree in engineering from the U.S. Military Academy at West Point, McKenna served as an officer in the U.S. Army as a helicopter pilot. He also holds an advanced degree in engineering from the University of Missouri at Rolla.
“I am honored to lead Authentix as CEO and advance our growth strategy into new geographic markets, market sectors, and next generation technologies,” said Kevin McKenna. “I would like to thank the board of directors, Blue Water Energy, and the Authentix employees for their confidence and trust. We have an exceptionally talented team at Authentix that is focused on unlocking future growth opportunities and committed to our customers’ success. I am incredibly optimistic about our future.”

About Authentix:
Authentix, a leading global authentication and information services company, assists customers in combating illicit trade and managing the integrity of their global supply chains. With comprehensive end-to-end authentication solutions we help safeguard customers in refined fuels (e.g., gasoline, diesel, lubes, and LPG) and branded products (e.g., pharmaceuticals, agrochemicals, and spirits industries) from counterfeiting, product theft, product diversion, and adulteration. In addition, we help protect currencies for many leading central banks.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in the US, UK, UAE, and Africa serving clients worldwide. For more information, visit https://www.authentix.com

Authentix® Selected by Zambia as Technology & Services Partner to Combat Illicit Fuels

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ADDISON, Texas, Feb. 12, 2018 — Authentix, a leading global authentication and information services company, announces The Energy Regulation Board (ERB) of Zambia has selected, after a public procurement tender process, Authentix as its technology and services partner to combat the illicit trade of refined fuels. The program is scheduled to commence February 15, 2018.

The Authentix covert fuel marking program will support the Zambian government’s fuel integrity program and the government’s commitment to ensure a clean and high quality fuel supply to support local commerce. Illicit fuels smuggled into the country or fuel adulterated with inferior products, do not meet the ERB’s high quality standards for fuels and may also include harmful substances that can pose a threat to public health and the environment.

In addition to the positive environmental and societal impact, the Authentix fuel marking program will return positive economic results. “In our experience operating nine fuel marking programs across Africa, the return-on-investment measured by recovered excise taxes far outweighs the operational costs of the program,” stated Kevin McKenna, Chief Sales and Services Officer, Authentix, Inc. “In twenty years of designing and operating covert fuel marking programs, we estimate to have recovered over USD 1 billion to governments.”

Authentix assisted the ERB in assessing the current supply chain, designing a program to meet their goals –including enforcement, and selecting from Authentix portfolio of covert chemical markers and analyzers, to deliver the most effective program tailored to Zambia’s unique needs.

To learn more about Authentix’s fuel supply integrity offering, visit https://www.authentix.com/offerings/vigilant/.

About Authentix:
Authentix assists customers in combating illicit trade and managing the integrity of their global supply chains. With comprehensive end-to-end authentication solutions we help safeguard customers in refined fuels (e.g., gasoline, diesel, lubes, and LPG) and branded products (e.g., pharmaceuticals, agrochemicals, and spirits industries) from counterfeiting, product theft, product diversion, and adulteration. In addition, we help protect currencies for many leading central banks.

Headquartered in Addison, Texas USA, Authentix, Inc. has offices in the US, UK, UAE, and Africa serving clients worldwide. For more information, visit https://www.authentix.com.