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                                COVID-19 Policy Statement
                                Review

                                Level 3 Security Features and Currency

                                Level 3 Security Features and Currency

                                The Issue

                                Counterfeiting put one of the world’s largest economies at risk when rates reached nearly 300 counterfeits per million notes. The primary target was one of the most frequently transacted denominations. In response, the Central Bank was tasked with upgrading security mid-series without disrupting commercial detection devices.

                                The Solution

                                To increase the banknote’s security, the Central Bank needed to add a flexible Level 3 machine readable security feature — one compatible with both paper and polymer banknotes and capable of integrating seamlessly within the existing design. Implementation flexibility was the primary criterion, which is why the bank chose Authentix to implement the most flexible Level 3 security solution in the industry, Jewel?.

                                Authentix integrated the Jewel feature into the banknote via two different print methods, overprint varnish and offset, to cover all denominations. On-press as well as offline QC devices were installed at the printworks to support the Central Bank’s robust quality program. Authentix provided high speed sensors for the bank’s single note inspection systems (BPS 2000) and their M7 cash processing systems.

                                The Results

                                The bank’s response strategy reduced counterfeit rates tenfold. Jewel not only increased the banknote’s security but also lowered the cost of its Level 3 protection. Counterfeit rates continue to steadily decrease as the bank marks more than a billion notes per year with Jewel.


                                COVID-19 Policy Statement


                                v1.03.17.2020

                                At Authentix, our mission to safeguard the integrity of global commerce is our priority as we continue to focus on customer needs with the challenges presented by the COVID-19 health emergency. Our corporate leadership team is monitoring the situation closely and its potential impact on supply chain continuity.

                                Our first and foremost commitment is to the health and safety of all Authentix employees. As we have said when faced with other similar infectious disease situations, we will never force Authentix employees to travel to geographic areas where they are uncomfortable or that present an increased risk of exposure to infectious disease.

                                Effective through April 30, 2020, we have closed the Addison Texas Facility to all personnel who do not require facility equipment to conduct their job, allowing for only those functions such as production/shipping/testing as needed to continue to serve our customers. We have banned all visitors to the Addison Texas Facility as well. We encourage all Authentix sites to enact a similar ban for employee safety and to restrict visitors, but realize this restriction is subject to local needs. We have further banned all air/train travel for all employees for Authentix business purposes. We ask that all customers, vendors or suppliers support these efforts and for those who present themselves at Authentix locations to respect and adhere to our policies and procedures that may limit access on this temporary basis.

                                We will continue to communicate regularly with our suppliers and updating contingency plans to ensure against any adverse impact or disruption to our customers, acknowledging that we are however subject to continued government restrictions and limited availability of transportation that may continue during this time. We encourage you to reach out to your Authentix point of contact with any questions or concerns.

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