Nocopi Technologies Inc (NNUP)

Description:

Nocopi Technologies, Inc. was organized in 1983 to exploit a technology developed by its founders. In its early stages of development, Nocopi's business consisted mainly of selling copy resistant paper to protect corporate documents and information. More recently, the Company has increasingly focused on developing and marketing technologies for document and product authentication, which could reduce losses, caused by fraudulent document reproduction and by product counterfeiting and/or diversion. Its main business activities are the development and distribution of document security products and the licensing of its patented reactive ink technologies for the Entertainment and Toy and the Document and Product Authentication markets in the United States and foreign countries. In March 2009, the Company formed a new sales and marketing division, named the Loss Prevention Division, to market security products incorporating its technologies and other point of sale products directly to loss prevention departments within retailers. The Company derives revenues by licensing its technologies, both to end-users and to value-added resellers, and by selling products incorporating its technologies and technical support services. The Company plans to raise additional capital, in the form of debt, equity or both to support its working capital requirements as well as to provide funding for other business opportunities including its new Loss Prevention Division. In September 2008, the Company signed a multi-year license agreement with privately-held Family Hospitality LLC to sell or resell its Classy Kid branded products to the restaurant industry using its Rub-it & Color technology in children's menus and placements for restaurant use and butcher paper for use on tables. Continuing developments in copying and printing technologies have made it ever easier to counterfeit different documents. The Company continues to offer a line of burgundy colored papers that deter photocopying and transmission by facsimile. The Company currently has obtained patent protection on substantially all of its security inks including the RUB & REVEAL system and has patents pending on the recently marketed Rub-it & Color technology and new Multi-Mark Security Ink. The marketing approach of the Company is to offer sufficient flexibility in its products and technologies so as to provide cost effective solutions of counterfeiting, diversion and copier fraud problems. In the area of document and product authentication and serialization, the Company is aware of other technologies, both covert and overt surface marking techniques, requiring decoding implements or analytical methods to reveal the relevant information.