| Business Summary | | Nocopi
Technologies,
Inc.
develops
and
markets
technologies
for
document
and
product
authentication
that
can
reduce
losses
caused
by
fraudulent
document
reproductions
and
by
product
counterfeiting
and/or
diversion.
Applications
of
the
Company's
technologies
include
the
authentication
of
documents
having
intrinsic
value,
such
as
checks,
travelers'
checks,
gift
certificates
and
event
tickets,
and
the
authentication
of
product
labeling
and
packaging.
When
applied
to
product
labels
and
packaging,
such
technologies
can
be
used
to
detect
counterfeit
products
whose
labels
and
packaging
would
not
contain
the
authenticating
marks
invisibly
printed
on
the
packaging
or
labels
of
the
legitimate
product,
as
well
as
to
combat
product
diversion
(sale
of
legitimate
products
through
unauthorized
distribution
channels).
The
Company's
related
invisible
inkjet
technology
permits
manufacturers
and
distributors
to
track
the
movement
of
products
from
production
to
ultimate
consumption. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Nocopi
Technologies,
Inc.
is
engaged
in
the
business
of
developing
solutions
against
counterfeiting,
product
diversion,
document
security,
and
authentication
via
patented
technologies
including
invisible
inks
and
reactive
thread.
For
the
six
months
ended
6/30/01,
revenues
fell
48%
to
$358
thousand.
Net
loss
totaled
$506
thousand,
up
from
$133
thousand.
Results
reflect
the
termination
of
certain
license
agreements
and
increased
sales
and
marketing,
legal
and
audit
expenses. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Michael Feinstein, M.D., 53 | Chairman,
Acting CEO | Rudolph Lutterschmidt, 53 | VP,
CFO |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|