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Digimarc Signs Multi-Year, $30 Million-Plus Contract to Protect the Authenticity of High-Value Items and National Recycling Program
Digimarc Illuminate platform selected to guard the integrity of precious metals, critical building materials, and a national deposit-return system BEAVERTON,
About this update from Digimarc Corporation
[{"type":"text","content":"\nDigimarc Illuminate platform selected to guard the integrity of precious metals, critical building materials, and a national deposit-return system\n\n\n BEAVERTON, Ore.--(BUSINESS WIRE)--\nDigimarc Corporation (NASDAQ: DMRC) today announced a major new contract to protect the authenticity of precious metals and building materials and guard the integrity of a national deposit-return system for recycling.\n\n\nThe 5-year contract with an international solutions provider is worth more than $32 million, with the potential to grow significantly based on other optional programs in 2024 and beyond. Under the deal, the Digimarc Illuminate platform will protect the authenticity of gold, silver, platinum, and other precious metals as well as key building materials used in commercial construction.\n\n\nThe contract also marks Digimarc’s entry into a new market adjacency by guarding the integrity of a national deposit-return system (DRS), combining Digimarc’s excellence and expertise in both anti-counterfeiting and recycling to support increased circularity of food and beverage containers.\n\n\n“This exciting opportunity reflects the reputation for security, scalability, and trustworthiness we have earned through our work with the world’s central banks, combined with the proven power of our technology to fight counterfeits and improve recycling in the commercial world,” said Riley McCormack, CEO at Digimarc. “Moreover, these programs embody who we are and our commitment to changing the world by promoting a prosperous, safer, and more sustainable planet. This contract expands Digimarc’s reach in the security printing world, opening a large and exciting new market segment for our Illuminate platform -- one that reinforces our history, technology, and mission.”\n\n\nA leading provider of product digitization solutions, Digimarc for decades has delivered technologies deterring counterfeiting of currency for a global group of central banks, a relationship which was recently extended through the end of this decade. In the commercial realm, Digimarc has earned a reputation as a trusted partner by providing product authenticity solutions for the pharmaceutical, tobacco, and other industries.\n\n\nDigimarc is also recognized for contributing to recycling programs in Europe, France, and Canada. Digimarc Recycle improves plastics recycling at scale,...