DALLAS, October 20 /PRNewswire/ --
Authentix, Inc.(R), today announced that the African nation of Swaziland has extended its fuel authentication contract with Authentix through 2009. The Authentix program has helped Swaziland increase the sale of legal tax paid fuel by more than 20% and has resulted in a corresponding drop in the number of commercial and retail sites illegally selling smuggled fuel.
Swaziland originally implemented the Authentix program in 2004 to combat wide scale tax revenue losses associated with the sale of fuel that had been smuggled into the country.
Authentix fuel markers are added to all legitimate fuel sold in Swaziland. A quick and effective test that utilizes proprietary devices is used to detect these fuel markers. The presence of markers proves the fuel is legitimate and the absence of markers means the fuel is illegal. The test can also determine if legitimate and smuggled fuel have been mixed.
Authentix manages the program turnkey, that's the real value for Swaziland, says Royce Ferguson, Director of African Operations, Authentix. By taking care of everything from marking the fuel to coordinating the testing process and providing court defensible evidence of fuel cheating, we make it easy for Swaziland to get results and seek remediation when necessary.
This program underscores Authentix' Social Capitalist ethic of contributing to society through its business practices. Operating globally on over 5 continents, Authentix assists governments by recovering tax revenues and securing their currencies, while also protecting the world's leading brands.
In addition to the program in Swaziland, Authentix runs African government fuel marking programs in Senegal, South Africa, Tanzania and Kenya. In 2007, Authentix was awarded the largest fuel adulterant marking contract in history when India hired Authentix to mark all government-subsidized kerosene.
About Authentix
As the global leader in authentication solutions for brand protection and excise tax recovery, Authentix(R) is on the frontlines of the battle against counterfeiting and smuggling. Authentix offers a wide array of world-class solutions that are based on innovative nano-scale engineering and mass serialization so that brand integrity can be preserved as products move through the supply chain. Authentix' solutions safeguard consumers from harmful products and prevent profits and tax revenues from being lost to illegal activities, such as terrorism. With clients including Fortune 500 companies and national governments, Authentix has recovered over US$5 billion in lost revenues in the last 5 years in the oil and gas, pharmaceutical and medical device, tobacco, spirits, and consumer goods industries. In addition, our expertise in the fields of value documents, currency and homeland security applications helps to protect the very fabric of our society. For more information visit http://www.authentix.com
Web site: http://www.authentix.com
Cari Weinberg of Authentix, Inc., +1-469-737-4453, cari.weinberg@authentix.com
Comments