Empresas y finanzas

Authentix(R) Awarded Largest Fuel Adulterant Marking Contract in History



    Authentix, Inc.(R), today announced that it has been awarded a
    contract for marking fuel adulterants by India's Ministry of Petroleum
    and Natural Gas.

    India subsidizes the price of kerosene for the nation's poor to
    use for cooking and heating. Unfortunately, a significant portion of
    this low priced product is stolen and diverted for use in auto fuels.
    It is estimated that annual losses due to kerosene diversion are as
    high as US$5B.

    "Adulteration of transportation fuels is a social menace that we
    are all familiar with within the oil industry," said Shri Murli Deora,
    Union Minister for Petroleum and Natural Gas, Government of India
    during a news conference where the fuel adulterant marking program was
    unveiled. "We are committed to fight the forces that adulterate
    petroleum products. This step is not only aimed at checking
    adulteration but is also meant to ensure that under privileged
    sections of the society get their due quantity of heavily subsidized
    kerosene for cooking and other purposes."

    Authentix marking technology is added to potential adulterants at
    the parts per billion level. If the markers are detected it means the
    fuel has been adulterated. "Authentix technology was selected because
    our nanotechnology-based markers cannot be removed and the Authentix
    proprietary test method can detect even trace amounts of adulterant in
    the fuel," said Lal Pearce, Vice President, Oil and Gas, Authentix.
    "The test can be quickly done in the field and give instant positive
    indication of fraudulent activity."

    SGS, the world's largest inspection and certification company and
    a global partner of Authentix, will provide regular fuel sampling at
    32,000 retail outlets.

    This program underscores Authentix' Social Capitalist ethic of
    contributing to society through its business practices. Operating
    globally over 5 continents, Authentix assists governments by
    recovering tax revenues and securing their currencies, while also
    protecting the world's leading brands.

    ABOUT AUTHENTIX

    Authentix(R) is the Global Leader in authentication solutions for
    brand protection and fiscal recovery. As the inventor and developer of
    many of the leading nano-scale authentication solutions in use today,
    we have a world-class technology portfolio. Moreover, our skills in
    applying those technologies to solve counterfeit, adulteration and
    smuggling issues for clients, ensures that we are a trusted partner of
    many of the world's leading brand owners and governments. In the last
    three years we have recovered over $3 billion in lost revenues in the
    oil and gas, pharmaceutical and consumer goods industries alone. In
    addition, our expertise in the fields of value documents, currency and
    homeland security applications aids in the protection and betterment
    of society.