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InkSure Technologies Announces New Patent Approval Involving 'Chipless' RFID

Tuesday March 28, 12:52 pm ET

Represents 3rd Patent Issued in Past 16 Months for the Development of Low-Cost 'Chipless' RFID Label Technology

FT. LAUDERDALE, Fla., March 28 /PRNewswire-FirstCall/ -- InkSure Technologies Inc. (OTC Bulletin Board: INKS - News), a leading provider of covert machine-readable security solutions for the prevention of counterfeiting, fraud and diversion, today announced that its wholly-owned InkSure RF subsidiary has been awarded a new U.S. patent related to the Company's ongoing development of "chipless" RF printed labels.

US patent number 6,997,388, entitled "Radio Frequency Data Carrier and Method and System for Reading Data Stored in the Data Carrier," was granted February 14, 2006. This is the 3rd patent involving "chipless" RFID applications granted to InkSure Technologies in the past 16 months.

"This new patent and anticipated future grants define our serious intentions in this field," stated Elie Housman, Chief Executive Officer of InkSure Technologies Inc. "While RFID (Radio Frequency Identification) technology enables automatic non-contact and non-line-of-sight conveyance of product and logistical information, current RFID applications require the embedding of relatively expensive chips into the ID tags, making item-level tagging cost-prohibitive for most products. Our goal is to develop multi-bit 'chipless' RFID printed labels that can be manufactured and applied at a cost of well below one cent each. 'Chipless' RFID labels offer far more speed, functionality and ease-of-use than traditional barcodes and have the potential to revolutionize brand protection and supply chain management on a global scale."

According to IDTechEx Ltd., a leading consultancy in smart labels and smart packaging, "chipless" label technology is expected to represent 45% of total RFID unit volume within ten years.

"We believe that, based on this patent, we have achieved a technology proof-of-concept that addresses the most critical challenge involved in the development of a 'chipless' RFID tag/label using printed conductive ink marks," continued Housman. "This should pave the way to one of the most promising technological foundations for cost-effective 'chipless' RFID solutions."

InkSure Technologies Inc., with its corporate headquarters in Ft. Lauderdale, Florida and its R&D center in Science Park, Rehovot, Israel, specializes in comprehensive, covert security solutions designed to protect high profile brands and documents of value from counterfeiting, fraud and diversion. The Company's sales and marketing activities target a number of market opportunities, including financial, pharmaceutical, branded products, transportation, and government/institutional, on a global scale. The Company's R&D activities include the development of "chipless" RFID technology for affordable item-level secure logistics and track-and-trace applications.

The Company's common stock is listed on the OTC Bulletin Board under the symbol "INKS". Additional information on the Company is available on its website at http://www.inksure.com.

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