Packaging

Office of Chief Scientist Funds INKS RFID Technology

Tuesday 14. October 2008 - InkSure Technologies Inc. (BULLETIN BOARD: INKS) , a leading provider of covert machine-readable security solutions for the prevention of counterfeiting, fraud and diversion, and a developer of breakthrough chipless RFID technology today reported that its R&D projects (including the SARcode RFID initiative) were recently funded under a previously awarded R&D grant by the Office of Chief Scientist at the Israeli Ministry and Trade. This grant of up to USD$800,000 is to be received by the company based on actual R&D expenses and project progression.

Yaron Meerfeld, Chief Executive Officer, stated that, “We are very pleased with the news of the receipt of the R&D grant. More than just the financial contribution, the fact that our SARcode RFID project was reviewed by Industry experts appointed by the Israeli Ministry of Industry and Trade, and found worth funding, provides us additional validation as to the uniqueness and break-through innovation of our technology. We believe our chipless RFID technology is unique and this award affirms our enthusiasm.”