Includes Three New Directors

VANCOUVER, British Columbia, Feb. 08, 2019 (GLOBE NEWSWIRE) — Nanotech Security Corp. (TSXV: NTS) (OTCQX: NTSFF) (“Nanotech” or the “Company”), a leading innovator in the research, creation and production of nano-optic structures and colour-shifting materials used in authentication and brand enhancement, announced the Company’s slate of directors for the 2019 annual general meeting of shareholders scheduled for April 9, 2019. The new Board of Directors will consist of seven directors, including three new nominees for election.

The new nominees for the Board are:

Hyonmyong (Hoch) Cho manages Greenlaw International LP, a fund which invests in companies that are commercializing new technologies, and is the Chair of Destiny Media Technologies Inc.  Mr. Cho was a Managing Director of Forum Partners, which managed several real estate private equity funds in Europe and Asia. At Forum Partners, Mr. Cho managed a worldwide team tasked with private equity deal structuring, analysis and negotiation. Mr. Cho holds a BA from the University of North Carolina at Chapel Hill where he was a Morehead Scholar.

Neil McDonnell is a recognized leader in the Canadian technology space. He is currently Interim CEO and Chair of Photon Control Inc., director of Espial, and Chair of EDP Software. He is past Chair of Agreement Express, Executive Chair of ResponseTek, Director of Symbility Solutions, Chair of QHR Technologies and CEO of Wurldtech Security Technologies. Mr. McDonnell has previously held senior positions including Audit Chair and Director of Titanstar Properties, Director of BCLC, Board Advisor of ICBC, Chair and CEO of TeraSpan Networks, COO of TIR Systems, COO of Mobile Data Solutions, and CEO of Intrinsyc Software. Mr. McDonnell holds an MBA from the University of British Columbia and a Bachelor of Commerce from the University of Toronto.

Ronan McGrath is the Principal of Ronan McGrath & Associates Inc as well as the lead director of Photon Control Inc. and the chair of its audit committee.  He is the former CIO of Rogers Communications Inc., and President of Rogers Shared Services, he was also responsible for the team that restructured the alliance between Rogers and Microsoft in July 1999. Prior to Rogers, Mr. McGrath was CIO of Canadian National Railways and was responsible for the complete rebuild of CN’s IT capability, the restructuring of the company, and the development of the initial strategic review of the company’s future that led to its privatization. He has previously served on the advisory boards of a number of technology companies, including Compaq Computer and Lotus Development, and is a past Chair of the Information Technology Association of Canada (ITAC). Mr. McGrath, a Chartered Accountant, is a graduate in Business Administration at Trinity College, Dublin.

The three incumbent directors for reelection are Doug Blakeway, Bozena Kaminska, and Bernhard Zinkhofer. Nanotech’s President and CEO, Troy Bullock, who was appointed to the Board in conjunction with the January 2, 2019 executive succession plan, is the seventh director nominated for election.

Nanotech’s Chairman, Doug Blakeway said, “Following recent changes made at the executive level, the new 2019 Board slate has the skills to take Nanotech through its next phase of growth. The new Board is committed to supporting Mr. Bullock and Nanotech’s management team to drive the Company’s focus on commercializing our nano-optical authentication and brand identity technologies.”

Mr. Blakeway continued, “On behalf of Nanotech and its Board, I want to thank our outgoing directors – Ron Barbaro, Brian Causey, Dickson Hall and Ken Tolmie – for their dedication and service to the Company. These changes to the Board were the result of collaborative Board discussions with the common goal of building the best Board to lead Nanotech.”

About Nanotech

Nanotech researches, creates and produces nano-optic structures and colour-shifting materials used in authentication and brand enhancement applications across a wide range of markets including banknotes, tax stamps, secure government documents, and commercial branding. 

The Company’s nano-optic technology employs arrays of billions of nano-indentations that can be impressed or embossed onto a wide range of substrate materials including polymer, paper, metal, or fabric.  By using sophisticated algorithms to direct an electron beam lithography system, the Company creates visual images with effects such as 3D, perceived movement, and the display of high-definition colours.

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.

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