Nanobrick Secures Additional $5.3 Billion Supply of Advanced Security Products in Middle East... "Order Volume Surges"

Nanobrick, a leading advanced nano-materials company, is accelerating sales growth in its security business.

On the 8th, Nanobrick announced that it will additionally supply advanced security products worth 5.3 billion KRW to a security solution provider in the Middle East. These advanced security products are used to prevent counterfeit pharmaceuticals and manage genuine products in the application regions.

Nanobrick also secured orders worth 2.1 billion KRW for security products in the first half of the year. The cumulative order volume received so far this year amounts to 7.4 billion KRW, a 174% increase compared to 2.7 billion KRW last year.

Recently, Nanobrick has shifted its main target market in the security business from the domestic B2B (business-to-business) brand protection market to the global B2G (business-to-government) advanced security printing market. Security products used by government agencies require advanced anti-counterfeiting technology, which poses a high entry barrier, but once adopted, they have the advantage of continuous application.

The contract with the Middle Eastern government security solution provider is a long-term agreement that can be extended from a basic 5 years up to a maximum of 10 years. The company expects that the advanced security product supply contract will become a cash cow that can generate stable sales over a long period.

A company representative stated, “Based on the recent pharmaceutical application case, we expect the range of applicable items to expand to food products, electronic components, and more. Additionally, leveraging the successful order achievements in the Middle East, we plan to aggressively expand the B2G market into Southeast Asia.”

Joo Jae-hyun, CEO of Nanobrick, said, “Nanobrick is promoting ▲anti-counterfeiting security business ▲eco-friendly bio-extraction business ▲energy-saving display business based on the independently established common production platform for functional new materials. Through the stable revenue base established by this large-scale security product order, we will further accelerate the next-generation display new business.”

This content was produced with the assistance of AI translation services.