Nanobrick Achieves New Security Certificate Contract from Middle East Ministry of Transport and Communications

Nanobrick, an advanced nano new material specialist company, announced on the 11th that it has secured an initial order for government security certificates from the Ministry of Transport and Communications in the Middle East region.

Based on verified advanced security technology, Nanobrick has aggressively continued to strengthen its government projects and established a new pipeline in the Middle East region. In 2022, the company secured a long-term supply contract for pharmaceutical tax stamps from the Ministry of Health and Welfare of a Middle Eastern country.

Regarding this order from the Ministry of Transport and Communications, the company explained that the previously supplied pharmaceutical tax stamp security product was recognized as an effective solution not only for the proper import of pharmaceuticals and appropriate market price management for public health and welfare but also for preventing counterfeit distribution. Nanobrick’s verified technology is expected to be further applied to certificates, ID cards, anti-counterfeiting and genuine authentication tags used by other government agencies within the country.

A Nanobrick official stated, “Unlike brand protection genuine authentication labels, government-oriented security certification requires highly advanced security technology, so only a few advanced security technology companies can enter this market. Our company is expanding applications starting with Chinese stamps through cooperation with China Banknote Printing and Minting Corporation, extending to tobacco and specialty products. Inquiries are increasing for government-managed pharmaceuticals, food products, and automotive parts mainly in the Middle East, as well as Africa and Southeast Asia,” he said.

Meanwhile, Nanobrick is expanding its business areas beyond advanced security projects for anti-counterfeiting to include nucleic acid extraction biomaterials and functional display films. Based on the sales growth in the security business division, the company succeeded in turning a profit in the fourth quarter of last year. The electronic paper ‘E-Skin,’ targeting the emotional exterior materials market, is in the final stage of commercialization, conducting mounting application tests with various potential customers.

Joo Jae-hyun, CEO of Nanobrick, emphasized, “We believe that the strategic pivot from a B2B-centered brand protection market to a B2G advanced security market with high profitability and stability based on our unique security technology has been successful. We will achieve challenging growth through the functional display business while securing stable profitability through the security business,” he stressed.