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The Holography TimesEndeavour to safe guard products & people

January 2009 | Vol. II | Issue V www.homai.org

The Holography Times is a quarterly newsletter published by HoMAI.

CANADIAN DOLLAR JOURNEYThe fight against Counterfeiters ALSO• G&D’s revolutionary technology for security documents • Innovative Blackline magnetic foil solutions by KURZ • New generation Hologram ID Cards in 2009 • BAYER joins hands with Ultimate Holographics • Report on Holopack-Holoprint 2008 • Industry Updates and more…

Source: wikipedia.org

TM

Special Report

SPECIMEN

Holographic Stripe

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The Holography Times

President’s Message

Dear Members,

Wishing you all a happy and prosperous New Year 2009!

Few would have anticipated the extent of circumstances and events over the past several months that have changed our world in so many ways. Thus it is with renewed spirit and warmest of wishes that I take this opportunity to reach out, to you, and your families; wishing the very best for the year ahead.

Also, I would like to take this opportunity, to express, my heartiest congratulations to all members of the holographic community, on the 10th anniversary of HoMAI. Started in 1998, with an aim to promote the Indian hologram industry, the association has been proactive creating new vision for constant growth and achievements over these 10 years. Established with a 10 member committee and an industry size of Rs 60 crores, the association today has grown to more than 32 members and an industry of over Rs 400 crores. This growth would not have been possible without the efforts and unconditional support of the community. As we celebrate this achievement, I would like to convey my sincere gratitude to all members and friends for their valuable contribution, in leading this association to greater heights. On this day, I acknowledge the role of the founder governing body and board members, for their commendable efforts in making this organization a mark of authentication, reliability & security.

Another witness to Indian Holographic Industry’s achievement this year has been the felicitation of the Brian Monaghan Award by IHMA to the Chairman of Holostik India. I believe that this award recognizes the Indian holographic industry’s exceptional commitment and contribution at the global level. The credit for this honour goes to the entire holographic community and members. I assure that this award would further re-energise HoMAI in its journey towards excellence.

Today the biggest challenge for hologram manufacturers is to keep ahead of technology so that our products (holograms) are beyond the reach of counterfeiters. It is my pleasure to inform all hologram users that any attempt to duplicate a hologram will not be successful since HoMAI is in the process of developing an anti-counterfeiting cell (policing unit) with the objective to stop all attempts to make a look-alike or copy cat of genuine holograms. I assure you that we are committed to the on going development and creation of a knowledge rich association , which, with the combined effort of hologram manufacturers, representatives in government departments, and brand owners will win this battle against counterfeiting.

I seek your valuable advice and support to move towards a shared future.

I once again thank you all for your support and wish you a great year ahead!

Warm Regards,

U.K. Gupta (President-HoMAI)

In this IssueNews Bytes 3-5

Corporate News 6

Company Profile 7

Do You Know? 8

Report onHolopack-Holoprint 2008 14

Event & Conference 15

Case Study: 9

CANADIAN DOLLARThe fight against counterfeiters

Holoflex growth with innovation

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Continuous research and development is a major part of

KURZ’s philosophy. The company has extended its range of foils and

developed a new product line - BlackLine Magnetics®.

This new product line offers the ability to achieve more sophisticated designs for cards with black magnetic stripes.

Kurz’s focus during the design development was to produce a black magnetic foil with a modern grey or silver overprint in three different shades, which is intended to elevate card designs and/or simply replace a

black magnetic stripe with a superior one.

The foil is available in three grades for three varied creations: Grade 1 is the most restrained version, which is only visible at close inspection for discreet decoration. Grade 2 is a fi ligree pattern creating a high-end look, while grade 3 is the real eye-catcher with exciting design.

Sources: www.kurzin.com

The Holography Times News Bytes

G&D’s revolutionary technology for Security Documents

Giesecke & Devrient G&D), a leading supplier of banknote

paper, banknote printing, currency automation systems, has announced a new technology – the Laser Personalized Patch (LPP) – which will signifi cantly enhance protection against the counterfeiting of all kinds of ID documents.

The product is G&D’s response to the demand for increased security and meets the need for a simple but reliable means of verifying the authenticity of documents in real time. Hans Wolfgang Kunz, who heads the Government Solutions business unit at G&D, describes the advantages of the new technology: “This is the fi rst time that multiple security elements for ID documents

have been combined in this form. The new security device not only provides maximum protection against forgery, but also enables the authenticity of documents to be checked rapidly and simply with the naked eye.” The LPP works by integrating three separate security features, each of which provides a high level of security.

The solution is based on Kinegram optically variable device technology in which an image integrated in the document creates a different illusion of movement depending on the angle from which it is viewed. Optically variable devices (OVDs) are already being employed today as a security element in a variety of applications, including banknotes, passports, and other forms of ID document such as vehicle registration papers.

The second feature of G&D’s new LPP technology is that it also contains a “ghost image” integrated in the OVD. This is a laser image engraved in the transparent OVD fi lm showing a miniaturized mirror image of the

document-holder’s photograph. The third personalized element of the new device is a laser-produced engraving in the OVD that stands slightly proud of the surface and can thus be detected with the fi ngertips. The document-holder’s birth date or eye color, for instance, can be recorded here. The laser process used to produce the ghost image and engrave the other personalized details results in a document in which the holder’s personal data are inseparable from the Kinegram™ image.

This unique combination of three security elements provides effective protection against manipulation or forgery of the personalized card or data page. The LPP technology is suitable for use in all types of high-security ID documents, including identity cards, drivers’ licenses, healthcare cards, and passports containing a machine-readable PECSEC or polycarbonate data page. Source:http://www.mag-securs.com

Innovative Blackline Magnetic® foil solutions by KURZ

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The Holography TimesNews Bytes

New generation hologram ID Cards in 2009From 1st January 2009, Polish

police will be using new, standardized identifi cation cards.The cards will be plastic with increased security measures such as multiple holograms and the word POLICJA written across the top. The new cards are a standardization for the whole country, ensuring that it is not as easy to illegally pose as a policeman and abuse the position.

Last year too, CHESTER-based fi rm UreLife has launched UK’s fi rst pre-paid debit card which is aimed primarily at the nation’s teenagers with the company saying it wants to “introduce a new generation to the

cashless society”.

The UreLife Card, combines a pre-paid Visa debit card with a colour photograph of the holder and Government approved proof-of-age hologram. The card is available to anyone from the age of 12 upwards and is available according to age groups; 12-15 years, 16-17 years, 18-

20 years, 21+ years and 60+ years. Cards are colour-coded according to the age category of the cardholder and a colour photograph, PASS hologram and printed date of birth makes the card unique.

The UreLife card incorporates a unique numbering system that allows online retailers to easily and automatically reject payments from underage purchasers. The long number on the card - required for online and telephone payments - directly corresponds to the cardholder’s age-bracket.

Source: Techtree.com

Latest holographic image creation technique

Current methods of holographic photography might turn

redundant in a few years time if the researchers at a Tokyo institute manage to fi ne tune their latest holographic image creation technique. Current technology warrants the use of lasers and darkrooms for the production of holographic images because it is required to shoot the subject separately with red, green and blue laser beams before all the images can be “superimposed” to give that holographic effect.

The new technology is based on integral photography. This procedure in creating the hologram includes taking pictures of the subjects in normal lighting conditions. A video camera is used for this purpose. This camera has

a “fl y-eye” lens composed of a number of micro lenses. The same fl y-eye lens is used to display 3D images.

A computer decodes the images shot by the camera and processes them into a 3D image with separate processing units for RGB colors. Each of these units can be processed separately and then merged together again and synthesized. The result is a real-time live holographic video. The technique is limited only to small images right now - however, it is expected that the technology will evolve over the next couple of years to display larger holographic images.

Source: Techtree.com

The new technology is based on integral photography. This

procedure in creating the hologram includes taking pictures of the

subjects in normal lighting conditions.

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The Holography Times News Bytes

OpSec combines holography tomedical application

OpSec Security, a company that provides an array of

anticounterfeiting technologies, services, and programmes to governments and corporations worldwide, has in association with a global medical technology manufacturer developed a Reprocess Indicator that can be affi xed to a medical device to notify whether a medical device has been reprocessed or not. When the label is exposed to liquids that are used to clean devices, a latent message is visible, warning the user that the instrument has been reprocessed. The label itself is multilayered and incorporates optically variable security technology to safeguard against counterfeiting. The label, which is available to med-tech OEMs, can be implemented on devices of various sizes and

confi gurations.This Reprocessed SUD Warning technology will particularly be of importance since both patients and physicians are often left in the dark about whether a medical device has been reprocessed or not. Eucomed chief executive John Wilkinson, applauding the European Commission’s publication in May of a public consultation on the

reprocessing of single-use devices, has stressed the need for follow-through in this consultation.

OpSec director of development David Downes said that “The Company we are working with on this proj ect wanted something that would tell the surgeon that a device has been reprocessed. In many cases, they just don’t know. The label is designed to make the surgical team aware of the device’s condition and, prevent proliferation of reprocessed single-use devices.” The medical manufacturer that is participating in the development of the technology is in fi nal stages of rolling out the label which will be used on the most-high-value products of the company portfolio.Sources: www.opsecsecurity.com

India shining at HOLOPACK-HOLOPRINT

The Indian hologram industry reached new heights as

witnessed during HOLOPACK-HOLOPRINT 2008, in Toronto. Technical excellence and innovative applications were the overarching themes of IHMA’s Excellence in Holography Awards, which were presented at Holopack•Holo-print®. Mr. U K Gupta, CMD of Holostik India received the prestigious Brian Monaghan Award 2008 for

business innovation. He is also one of the founders of the Hologram Manufacturers’ Association of India (HoMAI), serving as its fi rst and current President. Mr. Gupta is the fi rst Indian national to be bestowed with such a prestigious international honor. According to the IHMA, the Indian hologram industry owes much to his vision and energy and probably wouldn’t exist in its current vigorous form without his contribution.

Also, two other HoMAI members were elected on IHMA board. Mr. G S Dhillon was reappointed as IHMA Asia Director while Mr. Manoj Kochar was elected as IHMA, Asia Deputy Director. Indian suppliers also made their strong presence felt at the exhibition as Giriraj Foils & Rasik Products successfully exhibited in the conference.

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The Holography TimesCorporate News

Bayer Material joins hands with Ultimate Holographic Bayer MaterialScience, one of

the world’s largest polymer companies and Canadian-based Ultimate Holographic Reproductions Inc. (UHR), global supplier of high quality, true-color holographic images, entered into a joint development agreement in November 2008. The goal of the agreement is to advance the broad commercialization of high-quality, true-color holographic images. Bayer MaterialScience is supplying color-sensitive photopolymers that are ideal for the mass replication of the true-color master holograms produced by Ultimate Holographic Reproductions. Full-color holograms

have potential uses in a broad spectrum of applications like the advertising industry, packaging and entertainment sectors, product design and manufacture of high-quality print products.

Although there have been many attempts to produce holographic images suitable for broad market use, they usually failed due to the lack of appropriate materials for mass production. “The collaboration between UHR and Bayer MaterialScience creates an ideal basis for covering the demand of the global market place” comments Vivona, Vice President, Marketing and Sales

at UHR.

The new photopolymer fi lm that Bayer MaterialScience plans to launch commercially in 2010 has several advantages over other holographic materials. For example, it is easy to process and environmentally robust. It can also be exposed by laser light in one or more colors. The three-dimensional images that will be created by UHR will have high contrast, excellent color and superb image quality. Moreover, there is no need for wet chemical or heat treatment to develop the holograms after they have been exposed.Source: www.bayermaterialscience.com

JDSU names Thomas Waechter President & CEOMilpitas, California, – JDSU a

leading provider of innovative optical solutions for medical/environmental instrumentation, semiconductor processing, display, brand authentication, aerospace and defense, and decorative applications announced the appointment of Thomas Waechter as the new president

and chief executive offi cer.

He had take the new position from January 1, 2009. Mr. Waechter is also appoint to JDSU’s Board of Directors.

JDSU was in news in last year when it acquired American Bank

Note Holographics. ABNH’s security hologram technologies and JDSU’s optical security offerings combine to deliver a market leading portfolio of integrated overt and covert security solutions for authentication and brand protection.

Sources: www.jdsu.com

The prime objective of any business is to make profi ts for itself and for

its shareholders. Though profi ts are important, companies also have an obligation to the society in which they conduct their business activity. One such company that lives by this principle is Everest Holovisions Ltd, an ISO 9001 certifi ed holographic manufacturing company, contributing to the good of society. Mr. K.Y.Shah, Technical Director, Everest Holovisions Ltd informed us that out of the numerous activities that they have done for the upliftment of society, some of them include setting up and maintaining a Reverse Osmosis water fi ltration plant providing clean drinking water to more than 1000 students, adoption of a village

in Khanvel, U T of Dadra Nagar Haveli, providing food twice a day to around 100 malnutrition children.

Also, since the importance of reforestation and planting of trees has been understood to save the environment, Mr. R.D. Surana, CMD of the company has shared with us that Everest Holovisons Ltd along with Hariyali – a NGO, provides seeds to the devotees who visit the holy place of Pandharpur (A place of pilgrimage for the Hindu community). The devotees while walking with a stick from surrounding places, around 100 kms away, make a small hole at the side of the road in which a seed is placed which would germinate into a tree. In

the spirit of saving the environment the company has future plans of using solar energy for providing hot water to community hospitals.

In today’s age, where organisations need to consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment, if each company takes it upon itself to work and contribute towards the betterment of society, then the combined efforts would lead to a better and stronger tomorrow.

Source:www.everestholovision.com

Corporate Social Responsibility by Everest HolovisionThe prime objective of any business

is to make profi ts for itself and for its shareholders. Though profi ts are important, companies also have an obligation to the society in which they conduct their business activity. One such company that lives by this principle is Everest Holovisions Ltd, an ISO 9001 certifi ed holographic manufacturing company, contributing to the good of society. Mr. K.Y.Shah, Technical Director, Everest Holovisions Ltd informed us that out of the numerous activities that they have done for the upliftment of society, some of them include setting up and maintaining a Reverse Osmosis water fi ltration plant providing clean drinking water to more than 1000 students, adoption of a

village in Khanvel, U T of Dadra Nagar Haveli, providing food twice a day to around 100 malnutrition children.

Also, since the importance of reforestation and planting of trees has been understood to save the environment, Mr. R.D. Surana, CMD of the company has shared with us that Everest Holovisons Ltd along with Hariyali – a NGO, provides seeds to the devotees who visit the holy place of Pandharpur (A place of pilgrimage for the Hindu community). The devotees while walking with a stick from surrounding places, around 100 kms away, make a small hole at the side of the road in which a seed is placed which would germinate into a tree. In

the spirit of saving the environment the company has future plans of using solar energy for providing hot water to community hospitals.

In today’s age, where organisations need to consider the interests of society by taking responsibility for the impact of their activities on customers, suppliers, employees, shareholders, communities and other stakeholders, as well as the environment, if each company takes it upon itself to work and contribute towards the betterment of society, then the combined efforts would lead to a better and stronger tomorrow.

Source:www.everestholovision.com

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The Holography Times Company Profi le

Holoflex growthwith innovation

Holofl ex Limited is one of the leading manufacturers of

Holograms and allied products in India. An ISO 9001:2000

& ISO 14001:2004 Certifi ed Company - Holofl ex Limited

is recognized worldwide as one of the most innovative and

development-oriented product and document security

solutions provider.

Holofl ex has state-of-the-art manufacturing facility in

Kolkata houses some of the most sophisticated machinery

available in the country required for secure and high

quality security applications.

As one of the pioneers of this technology in India,

Holofl ex Ltd. entered a nascent market, which needed

extensive education on the concept of holograms.

Today Holofl ex Ltd. provides a variety of customized

holographic solutions to various government departments

in India as well as numerous corporate houses in India and

across 22 countries all over the world through its offi ces in

Kolkata, Mumbai, Delhi, Chennai, Guwahati and various

agents across the globe.

Member of the International Hologram Manufacturers

Association (IHMA), London, an exclusive body under the

aegis of the Anti-counterfeit Bureau, International Chamber of

Commerce, London, Holofl ex is also the Founder-Member of

Hologram Manufacturers’ Association India (HoMAI), New Delhi

the parent body of Indian Hologram manufacturers.

Holofl ex has been acclaimed nationally & globally for its’ obsession

to quality and focus on product innovation through various awards and

commendations from IHMA & HoMAI. Holofl ex was awarded as the winner

in the Best Hologram Label Category of IHMA Awards consecutively in 2003

& 2004.

Back home Holofl ex achieved similar feats at HoMAI Awards. Additionally, Holofl ex

have bestowed the honor of being the fastest growing company in the fi eld of holography

consecutively in 2007 & 2008 by HoMAI.

www.holofl ex.com

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Counterfeit marketin India:

First

banknoteThe fi rst real paper currency was ‘Jiaozi’ introduced in the Song dynasty (960-1279).

Song Dynasty Jiaozi, the world’s earliest paper money

The Holography TimesDo You Know?

First in Holography

The fi rst kinegram banknote, the 1988 Austrian 5000 Schilling note (Mozart)

Name of Country Currency NoteCanada Canadian Dollar 5, 10, 20, 50 & 100Britain Pound Sterling 10,20 & 50South Korea Won 1000, 5000 & 10,000Japan Yen 10,000 & 5000 Bulgaria Lev 1,2,5,10,20,50 & 100Andorra Euro 5,10,20,50,100,200 & 500Hong Kong Hong Kong Dollar 20,50,100,500 & 1000Austria Euro 5,10,20,50,100,200 & 500Belgium Euro 5,10,20,50,100,200 & 500Cyprus Euro 5,10,20,50,100,200 & 500France Euro 5,10,20,50,100,200 & 500Finland Euro 5,10,20,50,100,200 & 500Germany Euro 5,10,20,50,100,200 & 500Greece Euro 5,10,20,50,100,200 & 500Ireland Euro 5,10,20,50,100,200 & 500Italy Euro 5,10,20,50,100,200 & 500Luxembourg Euro 5,10,20,50,100,200 & 500Malta Euro 5,10,20,50,100,200 & 500Monaco Euro 5,10,20,50,100,200 & 500Portugal Euro 5,10,20,50,100,200 & 500Slovenia Euro 5,10,20,50,100,200 & 500Spain Euro 5,10,20,50,100,200 & 500

• Face value of counterfeit currencies seized in the fi rst 10 months of 2008 is Rs. 5.6 Crore, three times more than in 2007

• Bangladesh tops the list of countries from where fake notes are smuggled to India, contributing to 25% of total circulated notes

• About 70% of currency detected consists of higher denomination notes, i.e. Rs. 500 and Rs. 1000

Indian counterfeit currency in the news

• With terror suspects comes fl ood of fake notes (Indian Express, January 5, 2009)

• Fake note blues by fi nance minister (Mail Today, December 29, 2008)

• Fake currency: House panel asks RBI to beef up monitoring systems (Business Line, December 23, 2008)

• Fake currency seized, Bangladeshi arrested (The Statesman, December 21, 2008)

• IB Alert on ISI’ fake rupees (The Asian Age, December 17, 2008)

• Rs 5.6 crore fake notes seized this year: CBI (DNA, December 11, 2008)

List of few countries using hologram on currency

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SPECIMEN

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The major challenge to protect currency from counterfeiters has become dependant on partnership between law enforcement agencies, financial institutions, central banks, as well as security printing industry and high-grade supplier community. In this case study, we are reviewing the Canadian Dollar from its start to the 1935 series to 2004 Journey series.

The Holography Times Case Study

CANADIAN DOLLAR JOURNEY The fight against counterfeiters

Currency counterfeiting has never been so serious that it’s threatened Canada’s economy. Still,

the Bank of Canada had to redesign all the country’s banknotes to address the problem. Consumers, businesses and the Bank of Canada got quite a jolt in 2001 with the discovery of a sophisticated counterfeiting ring operating near Windsor, Ontario These counterfeiters turned out mounds of $100 bills of such high quality that millions of dollars in funny money made its way into general circulation before the ring was broken up.

To address this problem, the Bank of Canada took several initiatives which were successfully implemented. The bank credited its phased introduction of upgraded security features to part of the drop in overall counterfeiting. It used various overt as well as covert security tools to stay ahead against counterfeiters in an ongoing battle of advanced copying, scanning and printing technology. Hologram is among one of them.

Holograms has proved their authenticity as the best overt security features, in protecting bank notes and other fi nancial documents. According to Report entitled—A path to the next generation of US Banknotes, by US National Research Council “Holograms have been recognized as having a defi nitive role in the fi ght to combat banknote counterfeiting”. This report identifi es 21st century materials and technologies to deter counterfeiting of banknotes. In 1988, Austria produced the 5000 Schilling banknote (Mozart), which was the fi rst foil hologram application (Kinegram) to a paper banknote. Today, Holograms are currently used by more than 90 issuing authorities on nearly 250 bank notes denominations worldwide. They are used in many currencies such as the Brazilian real 20 note, British pound 5/10/20 notes, Canadian dollar 5/10/20/50/100 notes, Euro 5/10/20/50/100/200/500 notes, South Korean won 5000/10000 notes, Japanese yen 5000/10000 notes, etc.

New Holographic Series of Canadian Banknotes

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The Holography TimesCase Study

About the Canadian banknoteCanadian banknotes are the

banknotes of Canada, denominated in Canadian dollar. The fi rst paper money issued in Canada denominated in dollars was British Army Bills, issued between 1813 and 1815 in denominations between $1 and $400. These were emergency issues due to the War of 1812.

The fi rst banknotes were issued in 1817 by the Montreal Bank. As of 2007, the Canadian dollar was the 7th most traded currency in the world. All notes are issued by the Bank of Canada, which released its fi rst series of notes in 1935. Since then, The bank of Canada has issued six series of bank notes and two commemorative notes

from 1935-2006. Portraits of former Canadian prime ministers and members of the royal family have graced the fronts of Canadian bank notes, while the backs have featured allegorical fi gures, Canadian landscapes and industries, Canadian birds, and images depicting Canadian culture, history, and achievements.

Problem

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1935 SeriesOn 11 March 1935, the Bank of Canada issued its fi rst series of bank notes.

1937 SeriesThe creations of a second series of bank notes, only two years after the fi rst issue, was prompted by changes in Canadian government legislations requiring the Bank of Canada to produce bilinguial bank notes. The 1937 series of bank notes saw the portrait of King George VI replace those of other members of the royal family.

1954 SeriesSignifi cant changes to the design of Canada’s paper currency gave it a whole new look that set the standard for the future. The portrait of the queen was moved to the right hand side as compared to centre in 1937 series.

1969-1979 Series Scenes of CanadaThe main characteristic of this series was the use of multicolored tints beneath the dominant colour.

1986 Series Birds of CanadaThe 1986 series of bank notes was designed with enhanced security features to counter developments in colour-copier technology.

2001-2004 Series Canadian JourneyThese notes are distinguished by new and enhanced security features, world-class designs, and a tactile feature to help the blind and visually impaired identify the different denominations.

In 2001, the Bank of Canada introduced the new $10 note from the Canadian Journey series, without non overt security features. In 2003, the counterfeiting rate in Canada quadrupled from 100 parts per million (ppm) to almost 400 ppm of banknotes in circulation. Also, in 2001, the Bank of Canada got a jolt with the discovery of a sophisticated counterfeiting ring operating with the help of access to digital imaging and advanced printing technologies. RCMP (Royal Canadian Mounted Police) fi gures showed that more than a half-million counterfeit notes were in circulation as recently as 2004, far above the Banks monitoring guideline.

A report published by the bank said, “All denominations except the $5 continued to be above historical threshold of 120 counterfeits detected per million genuine notes in circulation. Fake notes in the system, were hurting confi dence in currency.”

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The Holography Times Case Study

ApproachBank of Canada had to make major changes in the production and design of its currency to tackle the problem. It was considering new anti-counterfeiting techniques to be implemented. However, it was important for the Bank to ensure the issuance of the new banknotes in the shortest possible time, limiting the risk of issuance delays.

In an attempt to reduce counterfeiting, the Bank considered new bank note security features for the Canadian Journey Series Bank Notes, as proposed by both external suppliers and its own development program. A holographic stripe was introduced since a Hologram was considered as the most effective overt technology against counterfeiting, since the last 25 years. Advantage was taken of the holographic industry’s experience in origination, foil production and foil application.

In 2004, Bank of Canada issued $20, $50, and $100 notes in the Canadian Journey series with enhanced security features. These notes were distinguished by new and enhanced security features, world-class designs, and a tactile feature to help the blind and visually impaired identify the different. The Bank issued the new $100 bill on March 17, 2004, the $20 note in September 29, 2004, and the $50 note in November of 2004. As part of its ongoing efforts to improve the security of Canadian bank notes, an upgraded $10 & $5 note in the series was introduced on 18 May 2005 and on 15 November 2006 subsequently fi nalizing the series. The $5 bill was the last in the current series of currency notes to get its security upgrade.

Solution Step 1: Strong Compliance with Judicial system & Law enforcement

agencies When questioned about how the bank handles counterfeiting, the

response was, “The Bank of Canada has established a currency education program to assist Canadians in identifying genuine bank notes. The Bank monitors counterfeiting levels and works closely with law enforcement agencies and fi nancial institutions to ensure the authenticity of notes in circulation. Also, the Bank periodically changes the design and security features of bank notes.”

Step2: Changes in design and production of the banknote

a) Design and Implementation of New Security features – The bank used security features like raised ink (intaglio) and feel

of paper, see through number, ghost image watermark, dashes security thread, fl uorescent inks and a holographic metallic stripe, providing series of hurdles for the would-be counterfeiter. Pure cotton composed paper was used for printing. A holographic stripe was introduced to fi ght this problem. It took several years to design the banknote with the hologram. The Bank of Canada worked closely with major holographic industry players to design, originate, and produce the holographic foil. The holographic foil developed was inspected, applied on banknote papers, and tested through the bank note printing process. Once the design was fi nalized, the Bank contracted the printing of the notes to two security printing companies, Canadian Bank Note Company, Limited and BA International Inc to ensure uniformly high quality banknotes. It considered hologram and color shifting material as security features.

The $5 bill was the last in the current series of currency notes to get its security upgrade. The new $5 note was released into general circulation on Nov. 15, 2006.

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The Holography TimesCase StudyThe security features were:

1. High security holographic stripe: When the banknote is tilted, brightly

coloured numerals appear in the background of the stripe and maple leaves “move” within the holographic stripe. There is a colour-split within each maple leaf.

2. Watermarked portrait: When the note is held to a light, a

small ghost-like image of the portrait appears to the left of the large numeral.

3. Windowed colour - shifting thread: When the note is held to the light a

continuous, solid line appears. From the back of the note, the thread resembles a series of exposed metallic dashes that shift from gold to green when the bill is tilted.

4. See-through number: Hold the note to the light and the

irregular marks on the front and back will form a perfectly aligned number

b) Removal of $1, $2 and $ 1000 notes

Some of the most signifi cant developments in Canadian currency were the withdrawal of the $1, $2 and $ 1000 notes in 1989, 1996 and 2000 respectively. The $ 1 and $2 denominations have been replaced with coins, reducing cost of producing Canada’s currency. The $1000 note was removed as Solicitors General of Canada and Royal Canadian Mounted police (RCMP) reported it was used in money laundering and organized crime.

Step 3: Bank Public communication The Bank communicates to users

through press releases & website, informing public about the new bank note issuances, and providing a range of educational material on how to authenticate Canadian bank note using security features.

ResultWith the combined effort of bank note new security features, Bank pub-lic communications, and law enforcement efforts, the bank note counter-feiting rate has been reduced to 60ppm (parts per million) in 2008.

The Bank of Canada credits this drop in overall counterfeiting, to its phased introduction of upgraded security features. Metallic holographic stripes, watermark portraits, colour-shifting threads, a see-through num-ber, and enhanced fl uorescence under ultraviolet lighting are just some of the new features the central bank has added to try to foil would-be forgers. But it is an ongoing battle as currency printers try to stay ahead of increasingly sophisticated counterfeiters who take quick advantage of advancement in copying, scanning and printing technology. A further banknote redesign is scheduled, beginning in 2011.

Sources: www.bank-banque-canada.ca, www.cbnco.com, www.wikipedia.org

ECONOMY OF CANADA

Currency Canadian dollar (CAD)Fiscal year 1 April – 31 March

STATISTICS

GDP (PPP) $1.274 trillion (2007 est.)GDP growth 1.3% (Q3 2008/2007)[1]GDP per capita $38,200 (2007 est.)GDP by sector agriculture (2.1%), industry (28.8%), services (69.1%) (2007 est.)Inflation (CPI) 2.4% (2007 est.)Gini index 31.5% (2004)

SOURCE: CIA WORLD FACT BOOKAll values, unless otherwise stated, are in US dollars

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The Holography Times

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The Holography TimesIndustry Updates

Almost 200 participants assembled

in Toronto, Canada, for the 19th

Holo-Pack•Holo-Print® convention

to see the latest examples of the best

in full-colour 3D holography and

also heard about new holographic

materials under development.

The combination conference-wit-

exhibition was spread over three

days (18/19/20th November, 2008)

and took as its theme ‘Pushing

the Boundaries’. On the theme

of ‘Pushing the Boundaries’, this

annual meeting for the global

holography industry - organized

by Reconnaissance International -

sought to explore the ways in which

the industry continues to develop

new materials and techniques to

make the application of holographic

technology more convenient and

eff ective for the users.

The conference began with two

workshops; one titled ‘OVDs

– New & Emerging Optical

Security Technologies’ and the

other ‘ID Documents; Overview

of Current Expectations’. Each

of these workshops supplied an

overview of developments in the

use of holographic materials for

brand protection and ID documents

respectively.

In his introductory remarks to the

conference proper, Ian Lancaster of

Reconnaissance pointed out that the

industry is pushing the boundaries

of how holograms are perceived,

produced and used. He displayed

graphs showing that the size of

the hologram industry has grown

to US$2.3 billion per year with

major impetus coming from the

development of business in China

and India. From a commercial point

of view, attendees were treated to

discussions relating to a variety of

market verticals ranging from bank

notes to injection-moulded parts in

which a fully integrated holographic

grating proved decorative and eye

catching but, more importantly,

reduced the incidence of counterfeits

in the market and boosted sales of the

genuine parts by more than 70%.

Close attention was paid to several

presentations relating to resurgent

interest in volume holograms

recorded in photopolymer materials.

The fi rst of these was from Bayer

Materials Science which provided

a sneak preview into the full color,

dry-process material it plans to

launch in 2010. Attendees did not

have to wait that long to see the

quality of imagery that could be

produced with this material because

several world class images were on

display in the exhibition area. These

were produced by UHR (Ultimate

Holographic Reproductions) in

Canada and eff ectively demonstrated

how the material could be used to

record and display imagery ranging

from rock crystals to Faberge eggs

with a degree of realism rarely seen

in display holograms.

Sony DADC chose the occasion

of this conference to announce

that it is the new player in the

brand protection market using

its proprietary photopolymer and

origination system. The new product,

currently available as self adhesive

labels and known as SEAL, has been

used internally by Sony to protect its

own products.

On a lighter note, Hspace, a Canadian

company specializing in the business

development of architectural

holograms, demonstrated the use of

Second Life software for creating

real time demonstrations in virtual

space, as a way of inter-acting with

clients over long distances. The

audience was transported up

and down elevators and along

virtual corridors in order to

peep into endless exhibitions of

holographic products.

Three further developments

worthy of special note

were the new, injection

moldable holographic

plastic from General

Electric, new

authentication holograms

known as SHOPS from

Smart Holograms, and

the Crystagram hologram

containing an RFID chip from

Toppan Printing.

The fi rst development (from

GE) is truly revolutionary

because it will make a

thermoplastic material

available to the manufacturing

industry so that they can

produce clear items such

as spectacle lenses, contact

lenses, CD disks etc then

expose a volume hologram

into the fi nished product for

authentication purposes.

In the second, SHOPS

(Smart Holograms

Optically Programmable

Sensors), Smart

Holograms has taken

what was perceived a

drawback to holograms

produced on silver halide

– namely, their tendency

to change shape when

subject to external

stimulus – and turn this

into an advantage by

making the sensitivity

of the holograms to

such stimulus a part

of the authentication

process.

HOLO-PACK • HOLO-PRINT® 2008Innovation in Holographic Materials and Full-Colour Holography

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The Holography Times Industry UpdatesThe third development is the RFID label from Toppan which

incorporates a minute chip from Hitachi no larger than a grain of sand,

addressing the growing requirement for covert authentication features

enabled for track and trace purposes. Indeed, this new technology so

intrigued the judges of the IHMA Holography Awards (International

Hologram Manufacturers Association) that it was awarded a prize,

presented, along with others, at the conference dinner on 19th

November.This conference dinner provided yet another opportunity

for delegates to interact in an informal and productive way and it was

clear from observing the conversations that many alliances were being

formed and deals being struck. Everyone in the business is aware that

quick sales are no longer the norm in this space and so events such as

this provide the necessary oxygen for development projects and sales

programs to breathe and take fl ight.

The next Holo-Pack•Holo-Print will take place November 11-13,

2009 in Budapest, Hungary – a fi tting location for the 20th event in

that it was the birthplace of Denis Gabor, theinventor of the holograms

who fi rst published his ground-breaking discovery 60 years ago.

THE AWARD WINNERS AT HOLOPACK-HOLOPRINT 2008

BRIAN MONAGHAN AWARD FOR BUSINESS INNOVATIONAward: Umendra Kumar Gupta, Holostik India

SECURITY/AUTHENTICATIONAward: Leonhard Kurz, OVD Kinegram for Kinegram reColor

PACKAGINGAward: Toppan Printing, Hitachi Ltd, Hitachi Chemical Co Ltd for the RFID Crystagram

PROMOTION/ILLUSTRATION Award: API Holographics, API Laminates, Imperial Tobacco for Lambert & Butler cigarette packs

INDUSTRIALAward: Sitech for the fastrack dot matrix origination system NEW HOLOGRAPHIC PRODUCTAward: U-NICA Global Security Solutions for the injection-moulded IntroGram

NEW HOLOGRAPHIC TECHNIQUEAward: Hologram Industries and Hologram Industries Research for HoloID

Events & CalendarPHOTONICS WESTJanuary 24-29, 2009, San Jose, CA, USA www.spie.org

SECURITY PRINTING CONFERENCE 2009January 27-29, 2009, Vilnius, Lithuania www.security-printing.com

TAX STAMP FORUM February 23-24, 2009, Budapest, Hungary www.taxstampforum.com

SECURITY DOCUMENT WORLD 2009March 26-27, 2009, London www.sciencemediapartners.com

6TH PAN-EUROPEAN HIGH SECURITY PRINTING CONFERENCEApril 1 - 2, 2009, Warsaw, Poland www.cross-conferences.com

CARDS ASIA 2009April 21-24, 2009, Singapore www.terrapinn.com

PISEC, the global summit for the brand, product and image protection industriesJune 22-24, 2009, Athens, Greece www.pisec-world.com

PACKPLUS 2009July 8-11, 2009, New Delhiwww.print-packaging.com

ASIA PRINT & PACK EXPO 2009August 28-31, 2009, Bangalore www.asiaprintpackexpo.com

PACK PRINT INTERNATIONAL 2009 September 23-26, 2009

CURRENCY CONFERENCEMay 9-2, 2010, Buenos Aires, Argentina www.currencyconference.com

Editorial BoardC S Jeena Neha Gupta

The Holography Times is published byHOLOGRAM MANUFACTURES ASSOCIATION OF INDIA

(HoMAI)21-Ground Floor, Devika Tower 6, Nehru Place,

New Delhi110019, INDIATelefax: +91-11-4161 7369,

Email: theholographytimes@gmail.comDisclaimer: The data used here are from various published and electronically

available primary and secondary sources. Despite due diligence the source

data may contain occasional errors. In such instances, HoMAI would not be

responsible for such errors.

International Conference on Anti-Counterfeiting Technologies I-CAT 2009

(I-CAT 2009) is an earnest initiative

formulated by Centre for Development of

Imaging Technologies (C-DIT)

For more information, contact:

Sajan Ambadi at ambadycdit@gmail.com

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