Tech company Dotz Nano Limited (ASX:DTZ) has secured a commercial sale of its ValiDotz security markers to an international lubricant manufacturer.
The A$300,000 sale validates Dotz’s unique capabilities in the lubricants sector, where its Validotz materials intrinsically tag lubricants and greases without changing their properties. The inclusion of ValiDotz is a key differentiator for customers.
The lubricant manufacturer, whose name cannot be disclosed due to the nature of the anti-counterfeiting business, is a leader in the innovation, formulation and manufacture of lubricants to multiple industries.
ValiDotz markers will be directly inserted into the customer’s lubricants used in high-value and precision applications. As customary in this industry, further analytical and customisation testing will be conducted to optimise future usage.
Dotz’s non-toxic markers feature multiple layers of security and are designed to continue working in elevated temperatures over extended periods of time. The markers can be cost-effectively added to existing manufacturing processes at trace amounts.
Commenting on the sale, Dotz CEO, Uzi Breier said: “This sale further validates our direct commercial sales strategy which focuses on end-customers within our selected targeted sectors. We found in this customer a partner who places as top priority their customers, product quality and distinct service.”
The lubricants market faces increasing challenges associated with product quality and product liability as the market is flooded with inferior, non-standard, non-regulated and counterfeited lubricants that can be hazardous to people and machinery.”
“For lubricant manufacturers around the globe, the ability to verify if a product is an original or has been diluted or mixed with inferior brands, allows them to defend product liability claims in court without needing to disclose proprietary formulations. Our end-to-end solution enables on-site verification in real time, which is a game changer in this industry.”