1 / 14

©Note Printing Australia Limited 2004

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.

kamaria
Download Presentation

©Note Printing Australia Limited 2004

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. The Polymer Note Story - R&D Lessons Learnt ©Note Printing Australia Limited 2004

  2. 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

  3. 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

  4. ©Note Printing Australia Limited 2004

  5. Cross sectional schematic view of Polymer Banknote ©Note Printing Australia Limited 2004

  6. Counterfeit Statistics The introduction of polymer banknotes generated a landmark reduction in counterfeiting ©Note Printing Australia Limited 2004

  7. 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

  8. Key Relationships ©Note Printing Australia Limited 2004

  9. 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

  10. 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

  11. Before After ©Note Printing Australia Limited 2004

  12. ©Note Printing Australia Limited 2004

  13. 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

  14. 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

More Related