ROCHESTER, N.Y., August 9, 2012 — Document Security Systems, Inc. (NYSE Amex: DSS; “DSS”), a leading developer and integrator of cloud computing data security, Radio Frequency Identification (“RFID”) systems and security printing technologies which prevent counterfeiting, product diversion and brand fraud, reported today that it has signed a 3 year contract with a new licensee to print patented security technology for one of their Fortune 500 clients.
The new licensee will produce pre-printed base documents containing the latest generation of DSS counterfeit prevention technology to deter fraud in consumer transactions at more than 19,000 locations worldwide. The contract is unit based and has guaranteed minimums. The licensee’s client chose DSS’s AuthentiGuard technology after evaluating multiple other technologies. This licensee plans on introducing the technology to their additional clients on an as needed basis and DSS looks forward to future contracts with this integrator.
Patrick White, CEO of DSS commented, “DSS continues to seek strategic licensees that allow us into specific market areas with our technologies. With this licensee being a leader in their niche market sectors, this contract brings DSS technology into transactional media with a multitude of further contract opportunities. We look forward to growing this relationship into a successful partnership with beneficial growth for both companies.”
For more information on DSS and its subsidiaries, please visit DSSsecure.com.
DSS is comprised of four operating units:
DSS Plastics Group: Custom RFID and Plastic ID Card Solutions (Brisbane, CA) PH: 415-585-9600
DSS Packaging Group: Commercial and Secure Packaging Manufacturing (Victor, NY) PH: 585-924-8460
DSS Printing Group: Commercial and Security Printing Manufacturing (Rochester, NY) PH: 585-341-3100
DSS Digital Group: Cloud Computing Services and Secure Digital/Internet Documents (Rochester, NY) PH: 585-746-6958