Two Trillion Liters of Insight- Preventing Illicit Fuel Trade

     |     

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

     |     

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

     |     

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.

Authentix and HP Indigo to help Brand Owners Combat Global Counterfeiting

     |     

New alliance delivers greater flexibility and accessibility to brand owners in applying covert security marking solutions  

ADDISON, Texas, September 25, 2017 – Authentix®, a leading global authentication and information services company, is pleased to announce it is collaborating with HP Indigo to enhance brand protection programs. This marks the first time Authentix Sherlox™ covert markers have been specifically optimized for the growing market of digital presses and certified to operate on HP Indigo digital presses.

To successfully combat counterfeiting, diversion and other forms of illicit trade, brand owners need a security marking solution that is agile and keeps them one step ahead of the bad actors. Additionally, local labeling and packaging regulations are increasing in complexity, requiring greater flexibility and responsiveness from Printing Service Providers (PSPs).

With Authentix Sherlox’s new HP Indigo certified covert mark, HP Indigo PSPs will now be able to provide:

  • High-quality, affordable covert security features on a variety of packaging
  • Greater flexibility to meet various print requirements, with shorter lead times

“Thanks to HP Indigo and their qualified network of thousands of print service providers, Authentix Sherlox will now reach more brand owners and provide access to a level of security previously unattainable on a digital press,” says David Schneider, General Manager, Authentix Brand Business Unit. “Together with HP Indigo and the PSPs, we have now connected the necessary partners to deliver and execute an effective security program for brand owners.”

Sherlox aggregates, organizes and reports sampling and testing results to identify problem areas within supply chains for companies across multiple health care and life sciences industries, nutraceuticals, safety products, distilled spirits, agricultural chemicals, automotive, electronics, clothing, luxury goods, and other manufacturers of high-value consumer products.

“CCL is continuously adapting to add value to our brand customers,” said Brent Chorneyko, CCL VP & GM. “We have a longstanding partnership with Authentix for labeling healthcare products and a large installed base of HP Indigo devices globally. We were very pleased to conduct the world’s first label test run with Authentix materials on our HP Indigo devices. It was the model of collaboration and a complete success.”

CCL Label is the leader in digital printing for the Pharmaceutical, Nutraceutical, Agriculture, Personal Care and Consumer goods markets, with more than 65 digital presses. Thirteen of the digital presses are uniquely positioned for the pharmaceutical market, utilizing cGMPs processes. Conveniently located all over the globe with over 160 locations on six continents, CCL works with companies of all sizes to develop digital printing and brand protection strategies.

Authentix Sherlox will be demonstrated in the HP Indigo and CCL booths at Pack Expo conference September 25-27 in Las Vegas as well as in the HP Indigo’s booth at LabeL Expo September 25-28 in Brussles.

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, LPG), and branded products (e.g., pharmaceuticals, agrochemicals, spirits industries, and consumer goods) from counterfeiting, product theft, product diversion, and adulteration. In addition, we help protect currencies for many leading central banks globally.

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

About CCL Industries Corporation

CCL Label creates innovative packaging solutions for life.  Serving the packaging and promotional industry for over sixty years, CCL Label proves to be the global supply chain leader of innovative premium packaging, promotional vehicles and comprehensive label solutions for the world’s largest consumer, agricultural and healthcare corporations. More information about CCL Label is available at http://ccllabel.com/.

Frost & Sullivan Applauds Authentix’s Impressive Authentication Technology Portfolio that Combats Illicit Trade

     |     

Authentix harnesses the latest technological trends to present market-focused, adaptable authentication solutions for a customer’s specific market

SANTA CLARA, Calif. — July 11, 2017 — Based on its recent analysis of the authentication solutions market, Frost & Sullivan recognizes Authentix, Inc. with the 2017 North American Technology Leadership Award. Authentix’s portfolio of advanced authentication solutions supports companies in combating illicit trade and counterfeiting practices. The company’s solutions capitalize on the evolution of Mega Trends such as Internet of Things (IoT), Big Data analytics, and supply chain integration technologies to thwart counterfeiting measures. Authentix employs a lock-and-key approach, wherein physical devices are paired with proprietary chemical markers, creating offerings that deliver robust, data-driven authentication solutions helping customers recover lost revenues and protect brand equity.

Click here to view the multimedia release.

“Authentix seeks to aid customers with their transition to more IoT-based operations by capturing data at each point in the authentication process to ensure that any enforcement actions are based on secure and accurate information. This starts when authentication markers are applied to products and continues when markers are tested for or scanned in the field or at a laboratory as the product moves through a supply chain. The results of these tests and scans aggregate into a single data platform for easy verification,” said Frost & Sullivan Research Analyst Danielle VanZandt. “With Authentix’s solutions, customers can monitor their supply chain interactions, identify potential areas of vulnerability, and receive actionable insights, facilitating proactive decision-making to mitigate illicit trade.”

Authentix remains the only end-to-end authentication solution provider for fuel supply protection, combining the devices and covert markers with the Authentix Information System (AXIS®) and comprehensive Authentix services and support. The company also has a robust portfolio of proprietary authentication solutions for major industry verticals:

Vigilant™: Authentix’s flagship, this authentication solution protects national fuel supplies globally. The solution helps governments and in-country fuel suppliers fight fuel dilution, smuggling, tax evasion, and illicit trade. Vigilant recaptures valuable fuel excise tax revenues for government customers, ensures top fuel quality for citizens and the environment, and creates a level playing field for all participants in a country’s fuel market.

Jewel™: This solution allows Authentix to partner with global central banks to protect and authenticate banknotes. The Jewel optical markers, read with its high-speed sensor technology, can be easily integrated with any banknote design and deployed on high-speed note sorters to validate the authenticity of individual banknotes. Additionally, Authentix provides implementation services in tandem with banks to ensure a seamless transition.

Sherlox™: Sherlox is Authentix’s brand protection solution. Validated with a proprietary handheld reader and cloud technology, Sherlox utilizes covert markers to enable in-field authentication instantaneously through smart mobile devices during brand audits.

Assure™: Assure is the company’s proprietary fuel brand marking solution. Assure helps major, global oil marketing companies provide consumers with the fuel product quality they pay for and to guarantee that specific fuel additive treat rates are accurate.

“With the success of its solutions, Authentix continues to grow within mature markets. Its deep and rich experience and industry knowledge allow it to showcase the value of its authentication solutions and the ways in which they can generate a rapid return on investment,” noted VanZandt. “Leveraging trusted customer relationships and continuously focusing on the customer’s needs will win Authentix significant customer and revenue growth over the long-term.”

Each year, Frost & Sullivan presents the technology leadership award to the company that has demonstrated uniqueness in developing and leveraging new technologies that significantly impact both the functionality and the customer value of the new products and applications. The award lauds the large R&D spend toward innovation, its relevance to the industry, and the positive impact on combatting illicit trade.

Frost & Sullivan Best Practices Awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

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, Saudi Arabia and Africa serving clients worldwide. For more information, visit https://www.authentix.com.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, collaborates with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

Contact:
Claudia Toscano
P: 210.477.8417
F: 210.348.1003
E: Claudia.Toscao@frost.com

Authentix Vigilant™ improves program speed and performance with addition of LSX 3000

     |     

Authentix Vigilant™ improves program speed and performance with addition of LSX 3000

LSX 3000, the most-user friendly portable fuel analyzer

ADDISON, Texas, June 26, 2017 — Authentix® announced today their newest portable fuel analyzer, LSX 3000, to further enhance the Authentix Vigilant offering in combatting the illicit trading of fuel.

Authentix’s Vigilant is the leading choice for countries seeking a complete end-to-end offering for fuel supply chain protection that includes a suite of markers and analyzer technology, the powerful Authentix Information System (AXIS®) and comprehensive services.

Vigilant programs are now able to leverage LSX 3000 advancements in performance to prevent the flow of illicit fuel when and where it is first detected. LSX 3000 provides immediate quantitative testing results delivering information beyond pass/fail to support immediate action at a terminal or retail location.

“Authentix is committed to advancing science and technology for a better world and the advancements in our LSX product family of fuel analyzers delivers on that promise,” said Kevin McKenna, President, Authentix Oil and Gas. “LSX 3000 was developed in partnership with our existing Vigilant customers and incorporates their desire to perform more roadside tests and take immediate action in halting the illicit trade of fuel.”

Vigilant is now more effective in the field with improvements in usability that reduce sampling time and streamline data collection. Weighing only 3.4 kg, LSX 3000 can be hand carried and does not require specialized vehicle mounting equipment. LSX 3000 works with a supplied touch screen tablet running AXIS, which guides the operator through the testing workflow with simple prompts. LSX 3000 uploads the testing data automatically to AXIS for aggregation and analysis. Battery life for the LSX 3000 is extended to more than 24 hours of continuous run time, allowing operators to use it for multiple days in the field without recharging.

Vigilant strengthens its position as the most trusted and experienced offering in combatting the illicit fuel trade with this third generation of LSX fuel sample analyzers. LSX 3000 works in concert with Authentix covert markers, the Authentix Information System, and Authentix Services and Support, for the only complete offering in the fight against the llicit trade of fuel.

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/offerings/vigilant/

Authentix Announces Jewel Accredited & Certified Partners for Banknote Security and Authentication

     |     

ADDISON, Texas, Dec. 1, 2016 /PRNewswire/ — Authentix®, a leading global authentication and information services company, is pleased to announce that five currency industry organizations have completed the Jewel Certification program. Jewel Certification enables industry suppliers to become more familiar with the design and incorporation of Jewel into the banknote. As part of the process Authentix transfers best practices in the handling, use and quality checks of the feature. Support for a trial to demonstrate incorporation into the ink, varnish, substrate, or finished banknote is also provided.

Jewel is a complete Level Three security platform involving proprietary materials, QC equipment, and specialized sensors to be used by the Central Bank for confirming the presence and correct response of the feature. Jewel is characterized by its high security, durability and ease of incorporation via a wide range of implementation options. Jewel is in use by several leading Central Banks and has been developed in response to the Central Bank’s need to dis-aggregate their supply chain in order to have more options as they strive for highly secure and cost effective currency designs.

“Central Banks increasingly want choice and to build best of breed solutions to stay ahead of counterfeiting threats,” says Tim Driscoll, General Manager of Authentix’s Currency & Tax Stamp Business. “Authentix has partnered with six of the most respected names in banknote substrates, inks, design and printing. Central Banks are assured of continuity and choice when selecting Authentix Jewel.”

Accredited and certified partners include respected names in banknote security such as Landqart AG, PNO Global, Royal Joh. Enschedé and Arjowiggins Security. Authentix will continue to grow the partner program in both size and offerings.

Although Authentix will support all industry suppliers in meeting a Central Bank’s specification for the incorporation of Jewel, Certified partners are uniquely positioned to support the Central Bank’s needs with established competency in print trials and marketing the offering.

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 protect currencies for many leading central banks as well as 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.

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/offerings/jewel/