Latest Counterfeit Stories
GLASGOW, Scotland, June 8, 2011 /PRNewswire/ -- In May 2011, a Chinese Court handed down criminal sentences and monetary fines of unprecedented severity against two companies and their managers for counterfeiting the famous HOPKINSONS valves, which are manufactured and sold worldwide by The Weir Group PLC. The cases were against two companies and responsible individuals who, since 2006, made and sold counterfeit HOPKINSONS branded valves which quickly failed in service at Chinese power...
LAUSANNE, Switzerland, June 7, 2011 /PRNewswire/ -- WISeKey welcomes the luxury world to employ WISeAuthentic, the innovative technology defending luxury brands in the fight against counterfeits. WISeAuthentic technology already protects several brands with a demo on Hublot and Chris & Cris at the WISeKey booth at FT Business of Luxury Summit this week in Lausanne, Switzerland. WISeKey's founder Carlos Moreira will also discuss the issue as part of the panel "On the Counterfeiting...
Pharmaceutical Industry Veteran Lends Expertise to Company's Global Initiatives to Fight Counterfeit Medicines Cambridge, MA (PRWEB) May 04, 2011 Sproxil, a U.S.-based company that provides world-class brand protection in emerging markets through software and services that work anywhere there are mobile phones, today announced that Paul W. Chang, Global Business Strategy Lead, Emerging Technologies for IBM Software Group, has joined the company's Board of Advisors. Chang, who has more...
BRISBANE, Calif., April 5, 2011 /PRNewswire/ -- Monster, a leading manufacturer of cables, headphones and consumer electronics accessories based in Brisbane, California, U.S.A., in conjunction with a member group of the United Kingdom Trading Standards Service (TSS), today announced the largest seizure ever of counterfeit Monster products in the U.K. The raid, which took place in February 2011 in England and resulted in the seizure of hundreds of counterfeit Monster products, is the result...
Investment Will Help Sproxil Build Sales Teams, Expand into India and Kenya, and Make Improvements to the Technology New York, NY (PRWEB) March 22, 2011 Acumen Fund, a nonprofit global venture fund addressing poverty in South Asia and East Africa, today announced an investment in Sproxil, Inc., a company that provides a Mobile Product Authenticationâ„¢ (MPAâ„¢) solution that enables consumers to verify that the pharmaceutical product they are buying is genuine. The $1.8 million...
ROCHESTER, N.Y., March 21, 2011 /PRNewswire/ -- Document Security Systems, Inc. (Amex: DMC) ("DSS"), a leader in counterfeit prevention, product diversion and brand protection technologies today announced that it was awarded seventeen new patents in the last 12 months for technologies in counterfeit prevention, product authentication and brand protection. Patrick White, CEO of DSS, commented, "The patent awards prove that our investment in research and development is producing significant...
ARLINGTON, Va., March 16, 2011 /PRNewswire-USNewswire/ -- The volume of counterfeit parts in the supply chain is increasing, necessitating that mitigation plans be developed and implemented, according to a new report by AIA. "The use of counterfeit parts in the aerospace industry may have life or death consequences," said AIA President and CEO Marion C. Blakey. "Reducing their proliferation and potentially harmful effects requires increased diligence and active control measures from both...
GENEVA, February 14, 2011 /PRNewswire/ -- WISeKey has announced today that it has signed new contracts amounting to CHF 4.0 million in 2011 from its patent-pending anti-counterfeiting technology, WISeAuthentic. Part of WISeKey's Digital Brand Management product line, WISeAuthentic safeguards and verifies the authenticity of luxury goods. This new revenue amounts to over CHF 8 million signed so far with prestigious brands. WISeKey's latest patent (on the World Intellectual Property...
DALLAS, January 27, 2011 /PRNewswire/ -- According to a new market research report, 'Global Anti Counterfeit market for Food and Pharmaceuticals (2009-2014) ( http://www.marketsandmarkets.com/Market-Reports/anti-counterfeit-packaging-ad vanced-technologies-and-global-market-129.html)', published by MarketsandMarkets (http://www.marketsandmarkets.com), the global anti counterfeit market for food and pharmaceuticals market is expected to be worth US$79.3 billion by 2014, with an estimated...
The Global Piracy Counterfeiting Consultants is one of the most quoted sources in the world on counterfeit, or pirated drugs, or other products, and the group is warning all global consumers to not buy anything from a group offering drugs, or any type of pharmaceutical products on the Internet, especially if the advertisement comes via spam, or now the new trend, some e-mail account a potential victim might know. They say, "First we have the Chinese drug counterfeiters, the largest...
