VANCOUVER, BRITISH COLUMBIA--(Mar 16, 2017) - Fortress Paper Ltd. ("Fortress Paper" or the "Company") (TSX:FTP) is pleased to announce that its wholly-owned subsidiary, Landqart AG ("Landqart"), has entered into an agreement with a new customer to utilize Landqart's proprietary banknote substrate, Durasafe®, for the production of banknotes. The Company expects that Landqart will commence shipping orders to the new customer in the later part of 2017.
The new Durasafe® order will represent the fourth country to produce a banknote on Durasafe® banknote substrate, following Morocco, Kazakhstan and Switzerland.
Durasafe® is an innovative composite paper-polymer-paper banknote substrate developed by Landqart in cooperation with the Swiss Federal Institute of Technology (ETH) Zürich. Durasafe® is composed of two cotton paper outer layers with a fully transparent polymer core. The polymer core in Durasafe® adds stability and higher mechanical strength properties to banknotes as well as high security features. The substrate's unique properties allow windows to be formed virtually anywhere on the banknote and can contain a watermark and security fibres as well as traditional security features, including easy-to-recognise banknote paper tactility.
About Fortress Paper
Fortress Paper operates internationally in two distinct business segments: dissolving pulp and security paper products. The Company operates its dissolving pulp business at the Fortress Specialty Cellulose Mill located in Canada, which has expanded into the renewable energy generation sector with the construction of a cogeneration facility. The Company operates its security paper products business at the Landqart Mill located in Switzerland, where it produces banknote, passport, visa and other brand protection and security papers.
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