Nanotech Builds Out Team and Expands Facility

VANCOUVER, British Columbia, Feb. 20, 2018 (GLOBE NEWSWIRE) -- Nanotech Security Corp. (TSXV:NTS) (OTCQX:NTSFF), a leading innovator in the research, creation and production of advanced security products for the anti-counterfeiting market, announced today that it has added two key members to its leadership team along with additional staff and expanded its facilities in Burnaby, BC to support future growth.

Joe Vosburgh joins the Company as Vice President Marketing with over 20 years’ experience in the successful development and commercialization of breakthrough technologies. His work encompasses marketing strategy, product development and business case execution across a range of high-technology products and services. He has held senior product strategy and leadership positions at Creo, Ballard Power Systems, Corvus Energy and Schneider Electric. Reporting to President and CFO Troy Bullock, Mr. Vosburgh’s key responsibilities at Nanotech include strategic marketing, planning and product development. He will also drive all activities relating to branding and marketing communications. Mr. Vosburgh holds an MBA in Marketing and Accounting from Queen's University, and an Electrical Engineering Degree from the University of Victoria, both with honors distinction.

Monika Russell joins Nanotech as Vice President Finance with over 15 years’ experience in financial reporting and regulatory compliance in a public company environment. Most recently, Ms. Russell was Controller & Corporate Secretary of Ainsworth Lumber Co. Ltd. through a period of significant corporate change, including refinancing, restructuring and M&A activities that culminated in a merger with Norbord Inc.  Reporting to President and CFO Troy Bullock, Ms. Russell will oversee the Company’s reporting, internal controls, tax and regulatory reporting. She is a Chartered Professional Accountant and holds a Bachelor of Business Administration from Simon Fraser University.

Nanotech is also expanding its Burnaby, BC facility, taking on an additional 2,500 sq. ft. and increasing staff to support the Company’s growth plans. The space represents increased technology development capabilities by enlarging its onsite development lab, enabling further commercial product development targeting new markets and opportunities.

“We welcome Monika and Joe to our team,” said Nanotech CEO Doug Blakeway. “They are an integral part of our growth strategy, as is the addition of staff and facility space that directly increases our development and sales capabilities.”

FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements which involve risks and uncertainties.  These forward-looking statements relate to future growth plans and future commercial product development.  When used in this news release, the words such as “plan”, “expects”, “pursue”, “will”, and similar expressions or statements general identify forward-looking statements.  These statements reflect our current expectations but are subject to the numerous business risks outlined in our public filings at www.sedar.com.

About Nanotech Security
Nanotech researches, creates and produces nano-optic products that have brand protection and enhancement applications across a wide range of markets including banknotes, tax stamps, secure government documents, commercial branding, and the pharmaceutical industry. 

The Company’s nano-optic technology employs arrays of billions of nano-indentations that are impressed or embossed onto a substrate material such as polymer, paper, metal, or fabric.  By using sophisticated algorithms to direct an electron beam, the Company creates visual images with colour shifting effects such as 3D, perceived movement, and can also display high-definition colours including skin tones, and whites and blacks, which are not possible using holographic technology.

Additional information about Nanotech can be found at the Company’s website www.nanosecurity.ca, the Canadian disclosure filings website www.sedar.com or the OTCMarkets disclosure filings website www.otcmarkets.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.