ABNHAmerican Bank Note Holographics, Inc
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Meanwhile with the acquisition by OpSec ofJDSU's holographic business which was previously ABNH (and subsequently renamed Viavi), HoloMag is now a part of OpSec's portfolio of holographic products.
This release and prior releases are available on the ABNH website at www.
Visa also stated that 'a remediation program for impacted stakeholders could be necessary' and that it would seek indemnification by ABNH for costs incurred by the problem.
ABNH announced a 41% increase in sales for the first nine months of 2005 to $22.
As the world's leading supplier of holographic products to the card industry, ABNH is pioneering another innovation that differentiates both our and our customers' product offerings.
Traub, President and CEO of ABNH, commented, "We are very proud of our recent achievements which have significantly strengthened our company.
Add in JDSU's holographic activities before its purchase of ABNH in 2007 and there is now one company where ten years ago there were four.
Having previously reported on the parallel development of holographic magnetic stripes by American Bank Note Holographics (ABNH) and Leonhard Kurz GmbH, in summer 2002 Holography News[R] reported that the two companies had concluded a cross-licensing agreement giving Kurz a licence to ABNH's hologram demetallisation and hot stamping patents, and ABNH a licence to Kurz's hologram embossing patent and supply of holomagnetic materials.
His role at ABNH (and its parent company, American Banknote before that) meant that he played a big part in getting holograms accepted by credit card companies as a security feature -arguably the beginning of the security, anti-counterfeiting and authentication market for holograms.
Traub, President and CEO of ABNH commented, "We are proud to report that we rose to the challenge in 2006 and we were successful in achieving some key priorities during the year.
Morris Weissman, Chairman of US Banknote, ABNH's parent company, acknowledged that Chroma had become a serious competitor to ABNH, prompting the lawsuit.
ABN had recruited Terry a year or two earlier for its engineering department and put him to work with this team, in due course appointing him President of ABNH when the company was established.