fortress paper
“Counterfeiting, A Three-Part Series.” Part 3: Modern anti-counterfeiting measures
*This article is the last in a three-part series on counterfeiting. Read the first two articles in the series: Part 1, Part 2 Anti-counterfeiting technology in and on banknotes has been evolved more over the past 30 years than it has in the entire history of money. Today’s banknotes are not just used as currency; [...]
London airport introduces biometric scanners
London’s Stansted Airport has begun using biometric e-passport gates that use facial recognition technology to process incoming passengers. Passengers with new e-passports traveling to the UK via Stansted can use the Autogates, which scan their face and check their passport photo in seconds – both helping to save time in line and provide a more [...]
Fortress Paper Announces Record Fourth Quarter 2009 Results
Fortress Paper Ltd. (TSX: FTP.TO) (“Fortress Paper” or the “Company”) reported net income of $3.7 million for the fourth quarter of 2009 on sales of $51.0 million or diluted earnings per share of $0.35. For the fourth quarter of 2008 the Company reported net income of $2.8 million on sales of $46.3 million or basic [...]
Jennings Capital Raises Fortress Paper Target
Russell Stanley, analyst at Jennings Capital Inc. rates Fortress a “buy,” and has raised his one-year target to $22 a share from $14.50. Fortress Paper Ltd., which makes security and other specialty papers, with mills in Switzerland and Germany expects to have sufficient financing to complete the rebuild of its PMI machine, which is the [...]
FORTRESS PAPER ANNOUNCES APPROVAL OF INITIAL FINANCING FACILITY FOR PM1 REBUILD
Fortress Paper Ltd. (www.fortresspaper.com) announces the signing by its wholly‑owned subsidiary Dresden Papier GmbH (“Dresden”) of a factoring agreement of Dresden’s accounts receivables with GE Capital Bank AG (“GE”) in connection with the rebuild of PM1 into a banknote machine. The factoring facility is for up to EUR 12 Million (CDN $17.8M) commencing February 2, [...]
REPORT ON BUSINESS: “Turning paper into cash”
Fortress Paper was covered today in the Globe and Mail’s Report on Business. Dave Morris reports on Fortress Paper: At a 125-year-old factory in the shadow of the Swiss Alps, veteran watchmakers, trusted for their keen attention to detail, pore over the drums that will embed detailed watermarks into pristine sheets of paper stock. But [...]
FORTRESS PAPER ANNOUNCES ePASSPORT CONTRACT AND AN UPDATE ON THE PLANNED PRODUCTION INCREASE AT ITS LANDQART MILL
VANCOUVER, British Columbia, January 14, 2010 – Fortress Paper Ltd. www.fortresspaper.com (“Fortress Paper” or the “Corporation”) today announces its inaugural ePassport contract, for approximately two million five hundred thousand units representing estimated aggregate revenues in excess of $10 million over five years. Fortress Paper also announces that its Board of Directors has approved a plan [...]
Banknote 2009
On December 6, global banknote industry leaders will head to Washington, DC for Banknote 2009 – a four-day conference that brings together the public and private sectors to focus on emerging trends in the banknote industry. Though the Banknote conference began in 1998 as a specialty event focusing primarily on banknote substrates, it has become [...]
Royal Bank of India Lists Banknotes Security Features on its Website.
Ever wondered exactly what kind of security features are embedded in the cash you carry? If you live in India, you no longer have to wonder. The Reserve Bank of India (RBI) has posted a comprehensive list of security features on its Mahatma Gandhi Series banknotes on its website. The Gandhi Series has been in [...]
Russia to stop making 10-ruble banknotes
The average cost of replacing worn banknotes is causing some countries to think twice about re-producing them. In October, the Bank of Russia announced that it would stop issuing 10-ruble banknotes in 2010 because they wear out quickly and are too expensive to produce. Much like when the Canadian Toonie was introduced in 1996, a [...]
