VerifyMe and SmartGlyph Form Partnership to Integrate Technologies and Market Digital Security

Cross Selling Relationship Expected to Increase Revenue Opportunities for Both Companies

ROCHESTER, N.Y., July 28, 2020 (GLOBE NEWSWIRE) -- VerifyMe, Inc. (NASDAQ: VRME), a digital technology solutions provider specializing in brand protection functions such as counterfeit prevention, authentication, serialization, and track and trace features for labels, packaging and products, is pleased to announce a partnership with SmartGlyph, a U.K.-based digital solutions provider. The partnership is expected to increase business opportunities and add incremental revenue for both companies.

The VerifyMe and SmartGlyph partnership is focused on the integration of their respective technologies offering a high value-add solution to brand owners worldwide. The partnership includes a cross-selling agreement, whereby each company will promote the combined product offering.

VerifyMe Chief Executive Officer, Patrick White, commented, “We believe SmartGlyph’s technology is a great fit and add-on for our suite of security authentication products. A closed source code is preferred for the prevention of digital virus penetration.  This is particularly important for the pharmaceutical industry.  Once integrated together, we believe our offering with SmartGlyph will represent a compelling feature rich breakthrough solution. We expect that this partnership will enable us to broaden our reach into new territories, industries and customers and add meaningful revenue.”

SmartGlyph Global Affiliates Director, Paul Greaves, stated, “We recognize the superiority of VerifyMe’s verification, authentication and anti-counterfeiting technology solutions and coupled with our current capabilities, believe our current customer base and prospects will see the enhanced value-add. We look forward to integrating the technologies and are enthusiastic about the cross-sell opportunities and potential to increase our market penetration.”

VerifyMe and SmartGlyph are integrating their technologies for an advanced protection and engagement ecosystem. The combined offering will include VerifyMe’s global supply chain security and cutting-edge product authentication. VerifyMe’s technology solutions prevent counterfeiting and diversion through instant verification, enforcement and advanced cloud-based track and trace that integrates with security features. VerifyMe’s solution also encompasses visible and invisible codes, pre-printed serialized labels or an integrated label solution. SmartGlyph provides a patented, bridging technology enabling 2-way, interactive, rich-media experiences for advanced customer engagement. SmartGlyph transforms any existing identifier (barcode, QR code, data matrix, logo, NFC, RFID, serial#) into an intelligent, 2-way communication channel with unlimited functionality and is designed for secure, incorruptible transactions and engagement in a closed loop channel.