International Consortium Led by Authentix, Inc. Finalizes License Agreement to Implement Major Track and Trace System in Pakistan

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Addison, Texas & Gauteng, South Africa & Islamabad, Pakistan—March 10, 2021—The Consortium of Authentix, Inc., MITAS Corporation and AJCL Private Limited is pleased to announce it has finalized a license agreement with Federal Board of Revenue of Pakistan to implement a track and trace system for tobacco, cement, sugar and fertilizer. The license agreement covers an initial five (5) year term as well as a three (3) year extension option.

The scope of the system is to assist both domestic manufacturers and importers with the capability to apply secure and digitized tax stamps to each product of the above categories distributed in Pakistan. This system will provide for production monitoring, product movement control and product authentication via secure and non-intrusive technologies installed at manufacturing lines, dedicated hand-held equipment, smartphone applications, and multi-faceted security stamps. At anticipated industry product volumes, the total contract will cover an expected 6.5 billion consumer products per annum.

According to the World Bank, production and importation of products in Pakistan for the four industries involved are subject to widespread illicit trade practices such as smuggling, counterfeiting, and production volume underreporting resulting in up to an estimated 50% of the total volume of all goods sold in country.  This illicit trade and lack of proper production reporting causes a massive loss of tax revenue for the Pakistan state budget. For illustration, a key industry source reports that in the segment of tobacco products alone, the amount of tax evasion adds up to over PKR77 billion (USD481 million) per year, which is over three times the amount currently allocated for annual federal government spending on healthcare.

Authentix Chief Executive Officer, Kevin McKenna, stated “On behalf of Authentix and our Consortium partners, we are pleased that the Federal Board of Revenue has finalized this license agreement with us and we look forward to implementing this advanced monitoring and enforcement system for the curtailment and remediation of illicit trade for the benefit of the Pakistan citizens and to create fair trade practices in the industries noted.”

About Authentix:

As the authority in authentication solutions, Authentix thrives in supply 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 the US, UK, Saudi Arabia, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

NEWS FOR IMMEDIATE RELEASE
Media Contact:
Kent Mansfield
Chief Sales and Marketing Officer
kent.mansfield@authentix.com
 

Authentix to Sponsor International Petroleum Week 2021 with Focus on Move to Low Carbon Future

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ADDISON, Texas, February 10, 2021 – Authentix®, the authority in authentication and information services, announced it will be sponsoring International Petroleum (IP) Week February 23-25, 2021, hosted by the Energy Institute. The event, held virtually this year, remains the preeminent international event for building collaboration between the oil and gas industry, government, and society.

Virtual IP Week 2021 will focus on the urgency and demand for the industry to move to a lower carbon future over the next decade, with executives and leaders across the globe collaborating to help define the industry’s role and actions towards this critical endeavor.

Jeff Conroy, PhD, Chief Technology Officer for Authentix, will be presenting February 24th on the topic of “Innovative Solutions for Quality Assurance and Source Integrity of Renewable Biofuels”. With expectations to reduce reliance on crude oil derived hydrocarbons and move to cleaner, renewable, lower carbon alternatives, oil companies are looking at ‘second generation’ or ‘advanced biofuels’ to fill that need.

Already in Europe there is a mandate for the use of these biofuels derived from waste (as outlined in RED and REDII) and allowing for double counting of these in meeting the targets required. This adoption of a wider range of biofuels obtained from a larger variety of sources has increased the complexity in the supply chain, which in turn increases the need for greater oversight and control by both oil companies and governments. In Conroy’s presentation, IP Week delegates will learn how the new QualiTrax™ rapid fuel quality testing solution, a cutting-edge digital field-based fuel quality system using machine learning, artificial intelligence, and real-time access to data can help verify the proper sources and supply integrity for new biofuels.

As part of its sponsorship, Authentix will also have a digital exhibit booth for delegates to explore and chat with an executive to learn more about the QualiTrax fuel quality solution and other fuel integrity programs.

To register for IP Week or for more information, visit the event website at www.ipweek.co.uk.

About Authentix
As the authority in authentication solutions, Authentix thrives in supply chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, 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. Authentix® is a registered trademark of Authentix, Inc. For more information, visit www.authentix.com.

About The Energy Institute
The Energy Institute is the not-for-profit chartered professional membership body bringing together expertise to tackle urgent global challenges. Responding to the climate emergency while meeting the energy needs of the world’s growing population calls for energy to be better understood, managed and valued. This ambition is at the heart of our social purpose. We are a global, independent network of professionals spanning the world of energy, convening and facilitating debate, championing evidence and sharing fresh ideas, giving voice to issues of concern and where necessary challenging the industry we work with. For more information, visit https://www.energyinst.org.

Authentix Announces Acquisition of Traceless® Authentication Group

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ADDISON, Texas, September 30, 2020 — Authentix, the authority in authentication and information services, announced today that it has acquired the Traceless Authentication Group from Bibliotheca, Inc. a library systems solutions company serving over 30,000 libraries worldwide. MHT Partners, L.P. acted as financial advisor to Authentix in this transaction.

Rochester, New York – based Traceless is an industry leader in anticounterfeiting and diversion control to global clientele including customers in the pharmaceuticals, spirits, and apparel industries. This acquisition includes the company’s complete portfolio of patented covert marking solutions as well as its own enterprise cloud-based digital track and trace software solution. Product lines acquired include Traceless Ultra™, Traceless Pro™, and Traceless Anti-Diversion™ covert marking systems that can be integrated seamlessly into existing product production using virtually any available commercial printing method including continuous inkjet and is certified for use in Domino® inkjet printers. Additionally, the company brings to the deal its own portfolio of custom readers and vision inspection systems. Traceless Brand Protection Cloud™, a patented track and trace cloud-based solution includes encrypted QR code generation along with available digitized labels for smartphone interaction and authentication by consumers, without the need to download a phone app.

“Authentix has been a dominant leader in the brand protection market for over 20 years serving some of the world’s largest brand owners, and this strategic acquisition expands our security technology offerings available to our growing list of global clients along with the addition of Traceless customers added in this transaction” stated Kevin McKenna, CEO of Authentix, adding “Traceless brings an extensive capability in the worldwide digital tracking of products and consumer-level product marketing, both of which integrate well with our growth strategy.”

About Authentix

As the authority in authentication solutions, Authentix helps customers thrive in supply 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 the US, UK, Saudi Arabia, and Africa serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.

About Bibliotheca

Bibliotheca® is dedicated to the development of solutions that help libraries connect with users in unique ways and provide engaging experiences, allowing them to continually evolve their library services for the changing needs of their communities. With over 30,000 libraries as part of its family, there are more than 10,000 self-service units, 6,000 security systems, and 900 Automated Material Handling systems in place. Bibliotheca’s Open+ solution allows libraries to extend their available hours while also maintaining occupancy at safe levels. In addition, its cloudLibrary eReader provides access to over 1.5 million eBook and eAudiobook titles in over 100 languages for more than 5 million library patrons worldwide. For more information, visit https://www.bibliotheca.com. Bibliotheca® is a registered trademark of Bibliotheca, Inc.

Authentix Welcomes David B. Brown as Chief Financial Officer

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ADDISON, Texas, July 23, 2020 – Authentix, the authority in authentication solutions, welcomes David B. Brown to the executive team in the role of Chief Financial Officer. Mr. Brown will be responsible for integrating business and finance strategy to further expand the global presence of Authentix and drive growth into key markets. In his role, Mr. Brown brings over thirty years of experience as he oversees global finance, treasury, accounting and taxation activities.

With extensive financial leadership experience in both publicly traded and privately owned multi-national companies, his skill set will be valuable to the Authentix executive team during this period where the focus is on rapid growth.

“David brings a strong track record of driving results-oriented strategies and accelerating growth within global businesses and we are proud to welcome him to the Authentix team.” states Kevin McKenna, CEO of Authentix. “With David’s appointment, we have a strong management team in place to continue the execution of our strategy to drive revenue growth and continued market expansion.”

A seasoned finance professional, Mr. Brown got his start in public accounting with PricewaterhouseCoopers then went on to serve in executive roles with LSG Sky Chefs, Brink’s Company, Dresser, Tellabs and Trillium Flow Technologies most recently. He is also an independent director and audit committee chair for Perma-Pipe International Holdings, Inc.

Mr. Brown holds a Bachelor of Business Administration degree in Accounting from The University of Texas, Austin and is a licensed Certified Public Accountant in the State of Texas

About Authentix

As the authority in authentication solutions, Authentix thrives in supply chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, 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. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

 

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Tim Driscoll to Present Industry Webinar for Quarantining Illicit Tobacco During COVID-19

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ADDISON, Texas, July 20, 2020 – Authentix®, the authority in authentication and information services, announced that its Senior Vice President and General Manager of Tax Stamp & Currency, Tim Driscoll, Ph.D., will be presenting an industry webinar titled Quarantining Illicit Tobacco – Tobacco Control through the Lens of COVID-19  on July 23, 2020, at 9:00 AM Central Standard Time.

The webinar, sponsored by the International Tax Stamp Association (ITSA), will focus on the crucial role of tax stamp and traceability programs to boost government finances strained by COVID-19.

Driscoll, a Board Member for ITSA, has played a critical role in expanding the Authentix tax stamp division with the launch of Authentix’s tax stamp program for the Ghana Revenue Authority in March of 2018. Today, Authentix supplies and manages multiple excise tax recovery programs for national governments across the globe and produces in excess of 10 billion stamps annually. Driscoll was also instrumental in the acquisition of UK-based Security Print Solutions (SPS), one of the premier Intergraf certified security printers in the business.  This acquisition expanded Authentix’s print capacity and global delivery capability in addition to opening up new markets in high security documents.

With the effects of COVID-19 felt around the world, government revenues are decreasing while deficits and debt levels continue to increase at alarming rates. Meanwhile illicit trade is reported to have accelerated as counterfeiters and organized crime look to capitalize on the havoc the pandemic has caused.

Tax stamp and traceability programs are a proven solution to protect government revenues and secure supply chains, while also helping to protect public health, brands, and consumer confidence.

Authentix collaborates with government agencies worldwide to identify products avoiding taxation and the primary source of the illicit activity. Our consultative approach and over 25 years of authentication and tax recovery experience enables us to understand and address tax collection challenges amid complex supply chains and uncertain times.

In the webinar, Driscoll shares the elements of a modern tax stamp program and why now may be the right time to introduce or expand current schemes. The webinar is open to the public and registrants can sign up here.

About Authentix

As the authority in authentication solutions, Authentix thrives in supply chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, 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. Authentix® is a registered trademark of Authentix, Inc. For more information, visit www.authentix.com.

About ITSA

The International Tax Stamp Association is a not-for-profit organization working to ensure a better understanding of the benefits of tax stamps and tax stamp technology.  ITSA promotes high professional standards through education, research and advocacy, and develops as well as promotes best practices. ITSA is led by seven board members and consists of 23 high-profile companies and stakeholders who recognize the critical role of tax stamps. For more information, visit www.tax-stamps.org.

Authentix Partners with Government Clients on Corporate Social Responsibility Initiatives in Africa

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ADDISON, Texas, July 15, 2020 – Authentix®, the authority in authentication solutions, shares positive results of continued client partnerships for Corporate Social Responsibility (CSR) initiatives. Through a long standing commitment to expand resources beyond standard business operations, Authentix has taken lead from its government partners to help deliver a lasting, positive impact on the lives of thousands in many communities in Africa.

According to Authentix’s CEO, Kevin McKenna, “As we continue to focus on CSR initiatives, our approach centers around listening, learning, and planning in close collaboration with leaders of important government agencies such as the Ministry of Energy, the Ministry of Finance, Energy Regulation Board, and countless others who seek to improve environmental and socioeconomic conditions for their citizens.” Below highlights some of the collaborative programs completed.

Zambia: Clean Water & Sanitation in Petauke
The Zambian government recognized the lack of access to clean and safe water for many in drought stricken rural regions. Through a partnership with the Zambia Energy Regulation Board (ERB), Authentix supported the rehabilitation of 30 water boreholes and the drilling of six new boreholes and pumping equipment in the Petauke district within the Eastern Province of Zambia. Improved outcomes for local citizens included:

  • Over 30,000 people with access to clean and safe drinking water.
  • Reduced the number of non-communicable diseases in the district.
  • Increased school class attendance as children now have nearby access to water sources.
  • Improved sanitation facilities at two schools serving thousands of students.

In this ongoing partnership with the ERB, Authentix is continuing the spirit of CSR in 2020 by working with a consortium of partners rehabilitating more than 200 additional water boreholes in the Petauke district. This project will help vastly improve access to clean and safe drinking water for over 80,000 people in the area.

Ghana: New Technology Laboratory in Kongo Senior Secondary School
The Ghana National Petroleum Authority (NPA) expressed a need to help the Kongo Senior Secondary School, the only high school in the area with over 2,200 students. Authentix collaborated with the NPA to provide the secondary school with 21 new, fully networked computers with Internet access and also enabled the installation of a reference library.

In collaboration with government clients on multiple continents, Authentix has helped make a significant social impact by addressing local needs in health, education, and the environment and will continue to focus available resources for these important CSR projects.

About Authentix
As the authority in authentication solutions, Authentix thrives in supply chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, 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. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

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Global Key Account Manager, Yanos Michopoulos, Appointed as Chairman of the Board of Directors of DEFSA

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ADDISON, Texas, April 13, 2020 – Authentix®, the authority in authentication solutions, announced today that Global Key Account Manager Oil & Gas for Authentix, Yanos Michopoulos, has been appointed as Chairman of the Board of The National Gas Transmission System Operator, DEFSA S.A. Michopoulos will remain with Authentix in his current role during his term on the board of directors for DEFSA, a gas operating company responsible for the operation, management, exploitation, and development of the National Natural Gas System and its interconnections (pipelines and LNG terminals). The organization was recently privatized, and it is now owned by a consortium of foreign investors such as Snam (It), Enagas (Sp) and Fluxys (Bel), while the Greek government maintains a minority shareholding of 34 percent.

Mr. Michopoulos is a well-respected thought leader in the energy industry and currently leads Authentix’s Global Commercial Oil & Gas business responsible for deploying  solutions to protect the quality and brand integrity of commercial fuel supplies worldwide. He has 30 years international business experience across the EMEA region in various energy sectors, including oil & gas as well as renewables and infrastructure.

Mr. Michopoulos was nominated to the DEFSA Board by Kostis Hatzidakis, Greece’s Minister of Energy who stated, “I have known Mr. Michopoulos for 12 years and his extensive business experience, stakeholder management skills, and knowledge of Greece’s energy sector made him the obvious choice to lead the board of DEFSA. He has already made a positive impact with his guidance, and we look forward to his continued leadership in this new role.” Michopoulos stated, “It’s an incredible opportunity to utilize my professional skills and diverse business experience to lead the board of directors as it moves DEFSA through this historic transition in the southeast Europe energy sector. As DEFSA enters this period of rapid transformation, I’m honored to have the confidence of Mr. Hatzidakis and support of the majority shareholders.” Executive Vice President of Snam (It), the largest corporate shareholder of DEFSA, Mrs. Maria Rita Galli commented, “Mr. Michopoulos has an extensive knowledge of both the energy sector in which DESFA operates, as well as of the best practices in corporate governance. In his role as Chairman, he is contributing to the company’s and the shareholders’ efforts to lead the transformation from public to private and from local to an international business model.”

Chief Executive Officer of Authentix, Kevin McKenna, stated, “As the authority in authentication solutions for the energy sector, Authentix makes a difference not only through our technology and service capabilities but also through the quality and experience of our people, and Yanos is a great example. We congratulate and look forward to supporting him in this additional role as chairman of the board of DEFSA while he continues in his current position at Authentix leading our global commercial oil and gas business.”

About Authentix

As the authority in authentication solutions, Authentix thrives in supply chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, 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. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

About The National Gas Transmission System Operator, DEFSA S.A. 

The National Natural Gas System Operator (DESFA) S.A. is responsible for the operation, management, utilization and development of the National Natural Gas System and its interconnections, in a technically sound and economically efficient way, in order to best serve its users with safety, reliability and adequacy. Contributing decisively to the security of supply and the diversification of supply sources of the wider region, DESFA also facilitates the development of competition in the Greek energy market, while systematically striving for the reduction of greenhouse gas emissions. Possessing extensive experience and having a highly skilled staff, DESFA is a reliable partner in the framework of the ongoing international energy projects in Southeastern Europe.  https://www.desfa.gr/en/

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Chad Crouch Appointed to U.S. Department of Commerce North Texas District Export Council

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ADDISON, Texas, March 30, 2020 – Authentix®, the authority in authentication solutions, announced that its Vice President of Revenue Operations, Chad Crouch, has been appointed by the Department of Commerce to the North Texas District Export Council (NTDEC). The council members are appointed by the U.S. Secretary of Commerce and contribute leadership and international trade expertise to complement the U.S. Commercial Service’s export promotion efforts. The primary objectives of the NTDEC are to educate the community about international trade and its benefits, including education to promote exports and international trade for companies in the United States. Regional District Export Councils also lobby state and federal legislatures to promote issues that can have a positive effect on international trade for their respective regions.

Individuals appointed to a regional District Export Council become part of a select corps of trade experts dedicated to providing international trade leadership and guidance to the local business community and assistance to the Department on export development issues. “I’m honored to be selected as part of the North Texas District Export Council, Crouch stated. We’ve been very fortunate to have such a great relationship with the United States Department of Commerce and its related agencies when expanding our business internationally. I look forward to assisting other companies in our region in expanding their business as well.”

Authentix has transformed over the past 20 years to a global organization with programs spanning across five continents and offices serving dozens of governments, central banks, and Fortune 100 companies. Today, Authentix derives 80 percent of its revenue from sources outside the United States. In May 2019, Authentix received the Export Achievement Certificate (EAC) from the U.S. Commercial Service Department for its success in acquiring and serving customers in the global marketplace.

Chief Sales and Marketing Officer for Authentix, Kent Mansfield, stated, “Authentix works closely with the U.S. Commercial Service whenever we are expanding solutions and services into new countries, and this has proven invaluable to us in terms of support and guidance. Chad Crouch has been instrumental in furthering our relationship with the U.S. Commercial Service. I can’t think of a better selection for providing guidance and input to the NTDEC.”

About Authentix

As the authority in authentication solutions, Authentix thrives in supply chain complexity. Authentix provides advanced authentication solutions for governments, central banks and commercial companies, 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. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

About U.S. Commercial Service

The U.S. Commercial Service (CS) is the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration. The CS is a part of the U.S. Foreign Service and its commercial officers are diplomats. The CS global network of trade professionals helps thousands of U.S. companies to export goods and services worth billions of dollars every year. CS trade specialists are located throughout the United States, as well as in U.S. embassies and consulates in over 75 countries around the world. The mission of CS is to advance and protect strategic U.S. commercial and economic interests around the world.

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Authentix® UK Named in This Year’s York Top 100 Business List

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ADDISON, Texas, November 14, 2019 — Authentix, the authority in authentication and information services is proud to be part of this year’s York Top 100 Business list. Moving up from 85 in 2018 to 50th position is a testament to the hard work and dedication of the York, UK based team and all those who support them in delivering advanced authentication solutions.

As a joint effort ofYork Business School at York St. John University, Make It York and The Press, the York Top 100 Business List has been in publication for three years. This year’s process involved a thorough framework that included defined search parameters and a public financial reporting database software platform for data collection containing information on more than 11 million companies in the UK and Ireland.

The search and review process included companies within the City of York Council boundary and some postal codes adjacent to the city boundary. York Business School looked at elements such as turnover, balance sheet and/or shareholder funds, profit levels, growth rate over the past two years, and headcount.

“We are honored to be a thriving part of the York business community. Being recognized in the York Top 100 Business List is a testament to the commitment of the entire Authentix York team, and all of our employees who are focused on our clients and the communities we serve,” said Kent Mansfield, chief sales and marketing officer. “With our new position this year and being part of the top 50 Firms, our team is motivated to continue our company’s strategic focus to expand our reach as a global organization helping to create a world of confident commerce.”

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 companies, 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.

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.

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Tim Driscoll Appointed to the Board of the International Tax Stamp Association

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ADDISON, Texas, September 30, 2019 – Authentix®, the authority in authentication and information services, announced that its Senior Vice President and General Manager of Currency and Tax Stamp, Tim Driscoll, Ph.D., has been appointed to the board of directors of the International Tax Stamp Association (ITSA). According to the ITSA, the addition of Dr. Driscoll, as well as two other new members, aims to cement the trade body’s reputation as an authoritative voice on illicit global trade and effective revenue protection solutions.

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 companies, 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.

The International Tax Stamp Association is a not-for-profit organization working to ensure a better understanding of the benefits of tax stamps and tax stamp technology. ITSA promotes high professional standards through education, research and advocacy, and develops as well as promotes best practices. ITSA is led by seven board members and consists of 23 high-profile companies and stakeholders who recognize the critical role of tax stamps. Membership is open to legally incorporated companies that supply tax stamp components and features, finished tax stamps, equipment for stamp design, manufacture, application and authentication, and systems for coding and marketing stamps.

“Authentix has been impressed by the organization’s progress and global leadership in promoting best practices and standards for the implementation of effective tax stamp programs. I am looking forward to assisting the leadership team and continue these efforts to demonstrate how excise tax protection programs can help governments increase tax revenue collection, protect the health of their citizens, and promote economic expansion” said Driscoll.

Authentix provides authentication and track and trace solutions for governments, central banks and commercial products. Driscoll has played a critical role in expanding the company’s tax stamp division with the launch of the Ghana Revenue Authority program.  Today, Authentix supplies and manages multiple excise tax recovery programs for national governments across the globe and produces in excess of 10 billion stamps annually. Authentix recently demonstrated its commitment to expanding market share in offering tax stamp solutions through the acquisition of UK-based Security Print Solutions (SPS), one of the premier Intergraf certified security printers in the business.  This acquisition expanded Authentix’s print capacity and global delivery capability and also opened up new markets in high security documents. Dr. Driscoll has also been leading the company’s expansion into the banknote protection industry through design, development and implementation of Level 3 security solutions for multiple central banks worldwide.

More than 150 revenue agencies (national and state governments) globally use tax stamps to enforce collection of duties and excise tax payments, involving the worldwide production of some 150 billion units annually. As well as providing visible proof of tax payment and revenue collection, tax stamps have also taken on product authentication, anti-tampering and track and trace applications. More information can be found at www.tax-stamps.org and www.authentix.com/governments/taxstamp.

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 companies, 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. Authentix® is a registered trademark of Authentix, Inc. For more information, visit https://www.authentix.com.

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