February 7, 2023 – Authentix Chief Technology Officer Tim Driscoll was featured in the January 2023 issue of Authentication & Brand News (ABN). Driscoll was interviewed by ABN to learn about his past and current experience in authentication technologies, his role at CTO, and Authentix’s capabilities in excise tax collection, authentication and banknote fitness as well as brand protection. Read the full article here.
Category: News & Updates
Authentix Collaborates with Industry Partners on Webinar Discussing Role of Technology in Transition to Green Fuel
|January 12, 2023 — The marine shipping industry is increasing its focus on alternative fuels that can significantly reduce GHG emissions but lacks the visibility and traceability to determine the carbon intensity and related cost even with today’s sustainable marine fuel sources.
Authentix has collaborated with Safetytech Accelerator and Lloyd’s Register on the development of a whitepaper that illustrates how an Authentix fuel fingerprinting solution can be developed to bring this needed visibility front and center. In conjunction with TYMLEZ, Authentix will be presenting on the whitepaper and taking a deeper dive into how the Authentix and TYMLEZ technologies can provide the needed assurance over the full green fuel supply chains for the maritime industry. This webinar titled “How green is the well-to-tank supply chain for zero carbon fuels?” will be held January 31st from 9:00-10:00 am GMT.
Visit here for more information and to register for the webinar.
Tax Collection from Pakistan Tobacco Industry Increases Significantly Following Implementation of Track & Trace System with Authentix
|January 4, 2023 — Within one year from the initial implementation of the new Track and Trace System for the Pakistan tobacco industry, tax revenue collections have soared 26% (an increase of Rs21 billion) in the first half of the fiscal year period. Authentix, under license from the Federal Board of Revenue of Pakistan, initially implemented the digital Track and Trace System for the tobacco industry in July 2021. This success in tobacco revenue collections comes after a 33% increase in tax revenue collections from the sugar industry in 2022 following the implementation of the sugar industry’s Track and Trace System in October 2021.
Authentix remains poised to continue the planned expansion and full implementation of the Track and Trace system for Pakistan’s tobacco and cement industries in 2023.
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Authentix® Promotes Chad Crouch to Senior Vice President of Revenue Operations
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ADDISON, Texas, December 7, 2022 — Authentix, the authority in authentication and information services, announces today that Chad Crouch has been appointed as Senior Vice President, Revenue Operations and a member of the executive leadership team.
Crouch previously served as Vice President, Sales and Revenue Operations, where he was responsible for Government Sales in the Americas and Caribbean, as well as Revenue Operations. In his new role, Crouch will focus an expanded team on revenue growth and customer success and will lead global sales operations. The scope of responsibilities includes proposals, program delivery, program management, and solutions.
Kent Mansfield, Chief Sales and Marketing Officer, stated “Chad Crouch has a wide range of experience with Authentix markets and customers, and a proven track record of leadership. I’m certain that Chad will excel in this new role as we continue to grow and expand our scope of products and services to our valued customers.”
Crouch joined Authentix in 2013 as a Director of Program Management, was later advanced to Vice President of Oil & Gas Programs, and then to Vice President of Sales and Revenue Operations in which he’s served for the last four years.
Crouch holds a M.B.A. and an M.S. in Finance from the University of Maryland – Robert H. School of 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 products, ensuring local economies grow, banknote security remains intact, and commercial products have greater 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, Africa, Asia, Europe, and Middle East, serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.
Authentix® Appoints Tim Driscoll as Chief Technology Officer
|ADDISON, Texas, December 5, 2022 — Authentix, the authority in authentication and information services, announces today that Tim Driscoll, PhD, has been appointed as Chief Technology Officer.
Dr. Driscoll previously served as Senior Vice President and General Manager for the Authentix Currency & Tax Stamp businesses where he provided strategic direction and worked closely with central banks, governments, and key partners supporting strong growth in these markets over the last several years. In Driscoll’s new role as CTO, he will direct all research, innovation, and new product development.
Driscoll joined Authentix in 2005 as a Vice President of Global Operations and advanced to an executive role and a key leader for the company. Kevin McKenna, Chief Executive Officer, commented “Tim Driscoll has been a key contributor to the success of Authentix for many years. I’m confident in his range of capabilities to lead the research and development teams and continue our growth in innovation and advanced technology offerings with our expanding client base well into the future.”
Driscoll holds a Ph.D. and Masters degree in Physics from Brown University and a B.S. in Physics from Rensselaer Polytechnic Institute. Dr. Driscoll conducted his post-doctoral studies at L’Ecole Polytechnique in Palaiseau, France.
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 greater 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, Africa, Asia, Europe, and Middle East, serving clients worldwide. For more information, visit https://www.authentix.com. Authentix® is a registered trademark of Authentix, Inc.
Authentix Supports Pakistan Flood Recovery Efforts
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The floodwaters that have ripped through Pakistan since mid-June has left a third of the country underwater and more than 1,300 people killed. Pakistan’s government has reported that approximately 33 million people have been affected by the extreme weather and over $10 billion in damages has been incurred thus far.
Officials have concluded that human-made climate change is linked to the ‘monster monsoon’ and have described it as a ‘climate-induced humanitarian disaster of epic proportions.’ Floodwaters have also swept away homes, crops, and roads and bridges, as weeks of historic rains fueled deadly flash floods.
Although rains have stopped and floodwaters in some areas are receding, many parts of the country are still underwater, and Pakistan remains in dire need of urgent aid. Guided by its core operating principles and social responsibilities, Authentix is committed to helping the community of Pakistan and has made a USD10,000 donation to Al- Khidmat Foundation to support flood recovery efforts.
Zafar Masood, the General Manager of Authentix-Pakistan stated “This is an unprecedented and devastating disaster for the people of Pakistan. We appreciate organizations like the Al-Khidmat Foundation who mobilize during times like these and provide humanitarian assistance and bring relief to the many lives affected by this tragedy.”
The Al-Khidmat Foundation is a leading, non-profit, value-based organization, fully dedicated to humanitarian services for the people of Pakistan since 1990. From day one, Al Khidmat Foundation Pakistan disaster response teams have been on the ground across flood affected areas, rescuing lives and livelihood and providing relief assistance including cooked food, dry ration packs, tents, medical aid and other non- food essential items.
Authentix Partners with Safetytech Accelerator and Lloyd’s Register Maritime Decarbonisation Hub in Green Fuel Assurance Initiative
|August 23, 2022 – Authentix has been selected to partner with Safetytech Accelerator and Lloyd’s Register Maritime Decarbonisation Hub in a feasibility study on the assurance of green fuel in the maritime industry.
Recognizing the need for the global maritime industry to transition to fuels with lower greenhouse gas emissions such as green ammonia and hydrogen, Safetytech Accelerator and Lloyd’s Register Maritime Decarbonisation Hub identified approximately 30 companies with technologies that could play a role in assuring the well-to-tank supply chain for green fuels. After a final vetting process, Authentix and TYMLEZ were selected for the partnership.
Authentix Vice President Jim Seely commented on the partnership, “Authentix is excited to be selected as a key partner for this important project for the Maritime industry to reach its goals of overall reduction in carbon emissions. As these innovative green fuel sources are utilized, it will provide a substantial impact towards that cause. We will endeavor to be on the cutting edge of technology development ensuring these new fuel sources can be properly verified and tracked by industry and government to prevent illicit trading and adulteration in the future.”
For more information about the feasibility study and the Authentix partnership, read the press release from Safetytech Accelerator.
Authentix, Inc. Signs Ten-Year Contract with Botswana Unified Revenue Service to Provide Marketplace Governance Program for Digital Marking and Tracking of Tobacco and Alcohol Products
|Addison, Texas & Gaborone, Botswana—August 2, 2022—Authentix announced today it has signed a 10-year contract with the Botswana Unified Revenue Service (BURS) for a fiscal marking and digital tracking solution for tobacco and alcohol products sold in the country. This digital tax stamp program is aimed at preventing illicit trade and counterfeits while also ensuring that citizens receive genuine and safe products.
The new digital track and trace system will boost tax revenue collections levied on manufacturers and importers by increasing industry compliance, reducing illicit trade, and preventing the underreporting of volumes. The new contract covers the marking and digital tracking of an estimated 500 million product units per year.
Authentix TransAct™, a secure SaaS-based IT data platform, along with direct printing of secure, serialized digital product codes will combine to form the industry’s leading high security digital tracking and enforcement solution. The system will reduce and deter fraudulent activities – protecting the public from the harmful effects of contraband and ensuring a level playing field for all legitimate industry stakeholders. The countrywide program will encompass implementation, training, technical support, hardware installation, ongoing maintenance, and program management provided by the Authentix-Botswana Operations Office.
Kevin McKenna, Chief Executive Officer of Authentix, commented “We are delighted that BURS selected and trusted us to implement and manage the country’s first and very important digital tracking solution for these products. We look forward to working with BURS and implementing the program to help quickly realize the many benefits for the citizens of Botswana.”
Collaborating with governments around the globe, Authentix Marketplace Governance programs have helped ensure the authentication and traceability of products while recovering billions of dollars in tax revenue.
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 greater market opportunities. The Authentix partnership approach and proven sector expertise inspires innovation, helping customers mitigate risks, grow revenue, and gain competitive advantage. Headquartered in Addison, Texas USA, Authentix, Inc. has offices in the US, UK, Saudi Arabia, Asia, 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, Inc. and FAS Authentication Ltd. Win Fuel Marking Contract for Securing Transnet Fuel Pipelines
|13 April 2022 – Authentix and FAS Authentication have been awarded a contract to pilot marking and securing fuel being delivered through Transnet Pipelines (TPL), the largest multi-product operator in Southern Africa. The technology will allow TPL to mark and trace petroleum products in their custody and support authorities in taking enforcement action if product is stolen or diverted. The scope of the program includes supplying proprietary covert chemical markers to differentiate fuel streams under TPL’s custody from the intake to delivery point. Transnet will test the performance of the tracing technology during this contract period and decide if further expansion of the program is warranted.
Transnet Pipelines transports approximately 17 billion litres of hydrocarbons and methane-rich gas through a network of over 3,000 km of petroleum and gas pipeline infrastructure. Naturally, challenges exist in protecting the integrity of these fuels during transit. TPL has witnessed an alarming increase in the frequency of product theft. These illegal activities cost the government and major fuel companies millions of Rand – as well as threaten the environment, health, and safety of South Africans.
As part of this pilot contract, the Authentix/FAS consortium will manage all in-country logistics for the program including security, warehousing, personnel, and infrastructure as well as the application of the core technology, enabling hardware, and custom analyzers. The solution will include the Authentix Information System (AXIS®), a cloud-based data information platform, to enable tracking, compliance, and enforcement when illicit or stolen fuel products are found in the supply chain. This fuel integrity system will provide fuel product authentication via inert and environmentally friendly technologies.
Authentix’s fuel integrity programs have helped dozens of national governments and international corporations to recover billions of dollars in lost revenue due to illicit trading and theft.
Authentix® UK Ranks #6 on York’s Top 100 Business List
|ADDISON, Texas, 8 April 2022 — Authentix, the authority in authentication and information services, has been ranked sixth in York’s Top 100 Businesses in an annual report published by The Press in conjunction with its partners, York St John University and City of York Council.
Moving up in three years from 50th to now 6th in York’s Top 100 Business List, the York-based Authentix team is proud to be a part of this list of significant businesses that have remained committed to investing in the local York economy. According to York St John Business School, a custom algorithm takes into account performance indicators such as turnover, profit, size and growth to determine the businesses that are key contributors to York’s professional landscape.
“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 our continued rapid growth and moreover to the Authentix team and all of our employees worldwide who are focused on our clients and helping to create a world of confident commerce,” said Kent Mansfield, Chief Sales and Marketing Officer. “Being named in the top 10 of these 100 excellent companies for two consecutive years, is an honor and our team is motivated to continue our company’s strategic focus to expand our reach as a global organization while still being grounded to the local communities we serve.”
The top 100 businesses were featured in a special supplement publication that was distributed along with the April 5th issue of The Press. The top businesses who were honored gathered at the university to launch the issue, network, and toast to the diverse range of businesses in York.
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 brand owners, ensuring local economies grow, banknote security remains intact, and branded products have robust market opportunities. The Authentix partnership approach and proven sector expertise inspires proactive innovation, helping customers mitigate risks, promote revenue growth, and gain competitive advantage.
Headquartered in Addison, Texas USA, Authentix, Inc. has offices in the North America, Europe, Middle East, Asia, 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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