Ploughshare Extends its Innovation Network with Anti-counterfeiting Technologies from The Royal Mint
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SALISBURY, England, March 11, 2021 /PRNewswire/ -- The Royal Mint and Ploughshare Innovations are pleased to announce a new collaboration that will enable industry to access The Royal Mint's unique innovations.
Best known for making coins and medals, The Royal Mint's expertise also includes a range of overt and covert anti-counterfeiting technologies that are utilised in many of their products. For the first time, innovations such as The Royal Mint's "High Security Feature" will be available for other organisations to benefit from.
Commenting on this latest collaboration, Hetti Barkworth-Nanton, Ploughshare's CEO said:
"I am really pleased to see the expert technology transfer services we provide being utilised by other parts of Government. This will allow even more of the Government's investment in research and development to be adopted by industry and in turn give them a competitive advantage and help the UK economy."
The High Security Feature is an industry-leading next generation solution for covert security. The previous strongest covert security check was the Electro-Magnetic Signature, however, as the coin wears over time it can lead to inconsistencies in it being recognised by various equipment. This new technology offers banknote-level security in a coin, or other metals, for the first time.
Available either as a service from The Royal Mint or by licensing the technology, the High Security Feature delivers an anti-counterfeiting system for metal components and structures that provides absolute assurance where it matters most.
Sean Millard, Chief Growth Officer at The Royal Mint remarked:
"The Royal Mint has been a leader in the management of precious metals for hundreds of years – innovating through design, manufacturing and customer experience. Developing advanced security measures that provide customers with peace of mind is a key focus for The Royal Mint. By working with Ploughshare Innovations we will be able to bring the benefits of our innovative features to the broader business community."
This collaboration further increases Ploughshare's pool of Intellectual Property which already includes the Defence Science and Technology Laboratory (Dstl), the Ministry of Defence Front-Line Commands, the Institute of Naval Medicine, and the Atomic Weapons Establishment (AWE).
Ploughshare will incorporate these new technologies into its proven processes which creates license deals and spin-out companies. Interested parties are invited to contact Ploughshare for more details.
About Ploughshare Innovations
Ploughshare Innovations is the technology transfer organisation for the Defence Science and Technology Laboratory (Dstl). It turns 'swords into ploughshares' by enabling businesses to gain access to defence and security technology developed by leading government laboratories. Ploughshare ensures Government technology is put to good use and benefits the UK, society as a whole, and humanity by applying innovative technology to improve people's lives. Since its creation in 2005, the company has licensed 126 technologies and attracted £140 million of investment.
About The Royal Mint
The Royal Mint has an unbroken history of minting British coinage dating back over 1,100 years. Based in the Tower of London for over 500 years, by 1812 The Royal Mint had moved out of the Tower to premises on London's Tower Hill. In 1967 the building of a new Royal Mint began on its current site in South Wales, UK, to accommodate the minting of UK decimal coinage. Today, The Royal Mint is the world's largest export mint, supplying coins to the UK and overseas countries.
The Royal Mint has also diversified into a number of other complementary businesses, building on the values that have been at the heart of the organisation throughout its history - authenticity, security, precious metals, craftsmanship and design.
SOURCE Ploughshare Innovations
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