Nanoptix announces Licensing Agreement with Money Controls of the United Kingdom � April 30, 2001

 

Nanoptix of Dieppe, New Brunswick announced today that it has entered into a Licensing Agreement with Money Controls of Manchester, UK for the production of thermal printers.

 

Sales from the agreement are projected at $50 million over the next five years, to be shared between the two companies. Nanoptix will be responsible for R&D, design, testing and pre-production, while Money Controls will handle production, sales and marketing

 

Nanoptix designs and manufactures OEM thermal printers for high volume transaction environments for the kiosk, gaming and lottery industries

 

Money Controls is one of the world�s leading providers of automated transaction solutions for coins and bills, with offices in America, Europe, Africa and Asia Pacific. A vast array of amusement, gaming and vending industries, among others, use its products for validating and paying out winnings.