The Polymer Note Story - R&D Lessons Learnt
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The Polymer Note Story - R&D Lessons Learnt. ©Note Printing Australia Limited 2004. Outline. History - The Polymer Note The Current Situation Development of the Formalised R&D Effort Reaction of the Banknote Paper Suppliers The Future. ©Note Printing Australia Limited 2004.

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Note printing australia limited 2004

The Polymer Note Story - R&D Lessons Learnt

©Note Printing Australia Limited 2004


Outline

Outline

  • History - The Polymer Note

  • The Current Situation

  • Development of the Formalised R&D Effort

  • Reaction of the Banknote Paper Suppliers

  • The Future

©Note Printing Australia Limited 2004


History the polymer note

History - The Polymer Note

  • The 1966 $10 Counterfeit

  • The involvement of the CSIRO

  • Commercialisation

  • The 1988 Bicentenary Note

  • The conversion of the remaining paper notes to polymer

©Note Printing Australia Limited 2004


Note printing australia limited 2004

©Note Printing Australia Limited 2004


Note printing australia limited 2004

Cross sectional schematic view of

Polymer Banknote

©Note Printing Australia Limited 2004


Note printing australia limited 2004

Counterfeit Statistics

The introduction of polymer banknotes generated a landmark reduction in counterfeiting

©Note Printing Australia Limited 2004


The current situation

The Current Situation

  • Since the introduction of the polymer notes in Australia movement into the world market has prompted a re-assessment of relationships.

  • This has led to the development of a specialist substrate company (Securency Pty Ltd).

  • Securency is part owned by the Reserve Bank of Australia and UCB.

©Note Printing Australia Limited 2004


Note printing australia limited 2004

Key Relationships

©Note Printing Australia Limited 2004


Development of the formalised r d effort

Development of the FormalisedR&D Effort

  • R&D Effort on Security Documents across all three companies is driven by a Joint Technical Committee (JTC).

  • Care has been taken to draw up a charter for the JTC which deals with Intellectual Property issues.

  • All research and development activities are formalised with the need for strict use of laboratory note books.

  • All concepts are protected with provisional patents - all patents are categorised according to their significance in our overall strategy.

©Note Printing Australia Limited 2004


Development of the formalised r d effort cont d

Development of the FormalisedR&D Effort (cont’d)

  • R&D strategies are revisited and modified every year.

  • Key strategies for calendar year 2003

    • Concentration on overt security features

    • Concentration on Intellectual Property

    • Key alliances

    • Novel systems for development of concepts

©Note Printing Australia Limited 2004


Note printing australia limited 2004

Before

After

©Note Printing Australia Limited 2004


Note printing australia limited 2004

©Note Printing Australia Limited 2004


Reaction of the banknote paper suppliers

Reaction of the BanknotePaper Suppliers

  • As polymer substrates become more universal, paper suppliers have reacted extremely aggressively.

  • As anticipated, they have attacked us on:

    • The Intellectual Property front

    • At Conferences

    • In front of our customers

    • The Reserve Bank’s counterfeit and life statistics

  • However, they have not attacked us on recycling issues.

©Note Printing Australia Limited 2004


The future

The Future

  • Expenditure on R&D exceeds $2 million per annum. This will continue at this figure or greater.

  • We will continue to explore appropriate alliances.

  • We will continue to be the world expert on polymer note technology, and via alliances to link with world experts in other security related areas (e.g. Biometrics, etc).

  • We will continue to employ scientists who display conceptual thinking and are methodical.

  • We will continue to concentrate on overt security features.

©Note Printing Australia Limited 2004


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