Nanocilicon Advanced Materials Accelerates Tax Stamp System Infrastructure Project in African Country

by Jang Hyowon

Published 19 Nov.2025 09:12(KST)

Nanocilicon Advanced Materials received an official invitation from the local government agency responsible for tax and certification infrastructure and signed a strategic cooperation and memorandum of understanding (MOU) on the 14th for the establishment of a national security stamp system. Provided by Nanocilicon Advanced Materials

Nanocilicon Advanced Materials has been selected as a key partner for the Tax Stamp system infrastructure project in an African country, marking the company's official entry into the global business-to-government (B2G) market.

Nanocilicon Advanced Materials announced on November 19 that it received an official invitation from the local government agency responsible for tax and certification infrastructure and signed a strategic cooperation and memorandum of understanding (MOU) on November 14 for the establishment of a national security stamp system.

Due to the nature of the security project, which is directly linked to national finance and security, the names of the country and the institution remain undisclosed at the request of the local government. Nanocilicon Advanced Materials plans to conduct an on-site due diligence visit within the year, followed by the process of signing the main contract.

A representative from Nanocilicon Advanced Materials stated, "This project is a security infrastructure initiative directly related to securing national finances and establishing an anti-counterfeiting system. In accordance with the official request from the local government, we cannot disclose the name of the country or the institution until the main contract is signed. This is not a simple non-disclosure but rather a security-grade information classification for a national strategic project, which demonstrates the importance and reliability of the project in which we are participating."

This project is being carried out in an unprecedented manner, as it is being pursued solely by direct selection from a government partner that recognized Nanocilicon Advanced Materials' technological capabilities, without an international public tender. Nanocilicon Advanced Materials will apply its security nanomaterials technology and digital track and trace solutions throughout the national system.

In particular, the project is significant because it goes beyond merely providing technology, encompassing strategic cooperation for the modernization of the tax stamp system, genuine and imported goods logistics tracking, and integrated trade and customs management-key infrastructure projects directly tied to national fiscal stability.

During the local visit, both sides, together with senior government officials, discussed the review of security technology specifications, verification of supply and production infrastructure, partnership and financial structure consultations, and plans for establishing local proof-of-concept models.

Nanocilicon Advanced Materials anticipates that, if it secures a national-level security infrastructure reference through this project, it will be able to expand its business to other African countries and emerging markets that are pursuing tax management, anti-counterfeiting, and digital certification systems.

Kim Heeyeon, Vice President of Nanocilicon Advanced Materials, said, "This project is not simply about supplying stamps, but is a strategic initiative to digitalize the entire national tax infrastructure. It is a mid- to long-term project expected to generate more than 10 billion won in annual revenue. Based on this cooperation, we will strengthen our unique position in the global government security market, enhance shareholder value, and achieve sustainable growth."