Canadian dollar journey: The fight against counterfeiters

1. The Holography Times
TM
SPECIMEN
CANADIAN DOLLAR JOURNEY
The fight against Counterfeiters
ALSO
• G&D’s revolutionary technology for security documents • Innovative Blackline magnetic foil solutions by KURZ • New
generation Hologram ID Cards in 2009 • BAYER joins hands with Ultimate Holographics • Report on Holopack-Holoprint
2008 • Industry Updates and more…
www.homai.org
Endeavour to safe guard products & people
January 2009 | Vol. II | Issue V www.homai.org
The Holography Times is a quarterly newsletter published by HoMAI.
Source: wikipedia.org
Special Report
Holographic Stripe
1

2. The Holography Times
Holoflex
growth with
innovation
Case Study: 9
CANADIAN DOLLAR
The fight against counterfeiters
www.homai.org
President’s Message
Dear Members,
Wishing you all a happy and prosperous New Year 2009!
Few would have anticipated the extent of circumstances and events over the past several
months that have changed our world in so many ways. Thus it is with renewed spirit and
warmest of wishes that I take this opportunity to reach out, to you, and your families; wishing
the very best for the year ahead.
Also, I would like to take this opportunity, to express, my heartiest congratulations to all
members of the holographic community, on the 10th anniversary of HoMAI. Started in
1998, with an aim to promote the Indian hologram industry, the association has been proactive
creating new vision for constant growth and achievements over these 10 years. Established
with a 10 member committee and an industry size of Rs 60 crores, the association today has
grown to more than 32 members and an industry of over Rs 400 crores. This growth would
not have been possible without the efforts and unconditional support of the community. As
we celebrate this achievement, I would like to convey my sincere gratitude to all members and
friends for their valuable contribution, in leading this association to greater heights. On this day, I
acknowledge the role of the founder governing body and board members, for their commendable
efforts in making this organization a mark of authentication, reliability & security.
Another witness to Indian Holographic Industry’s achievement this year has been the felicitation
of the Brian Monaghan Award by IHMA to the Chairman of Holostik India. I believe that this
award recognizes the Indian holographic industry’s exceptional commitment and contribution at
the global level. The credit for this honour goes to the entire holographic community and members.
I assure that this award would further re-energise HoMAI in its journey towards excellence.
Today the biggest challenge for hologram manufacturers is to keep ahead of technology so that
our products (holograms) are beyond the reach of counterfeiters. It is my pleasure to inform all
hologram users that any attempt to duplicate a hologram will not be successful since HoMAI
is in the process of developing an anti-counterfeiting cell (policing unit) with the objective to
stop all attempts to make a look-alike or copy cat of genuine holograms. I assure you that we
are committed to the on going development and creation of a knowledge rich association ,
which, with the combined effort of hologram manufacturers, representatives in government
departments, and brand owners will win this battle against counterfeiting.
I seek your valuable advice and support to move towards a shared future.
I once again thank you all for your support and wish you a great year ahead!
Warm Regards,
U.K. Gupta
(President-HoMAI)
In this Issue
News Bytes 3-5
Corporate News 6
Company Profile 7
Do You Know? 8
Report on
Holopack-Holoprint 2008 14
Event & Conference 15
2

3. The Holography Times News Bytes
G&D’s revolutionary technology for
Security Documents
Continuous research and
development is a major part of
KURZ’s philosophy. The company
has extended its range of foils and
www.homai.org
developed a new product line -
BlackLine Magnetics®.
This new product line offers the ability
to achieve more sophisticated designs for
cards with black magnetic stripes.
Kurz’s focus during the design
development was to produce a black
magnetic foil with a modern grey
or silver overprint in three different
shades, which is intended to elevate
card designs and/or simply replace a
black magnetic stripe with a superior
one.
The foil is available in three grades
for three varied creations: Grade 1
is the most restrained version, which
is only visible at close inspection
for discreet decoration. Grade 2 is a
fi ligree pattern creating a high-end
look, while grade 3 is the real eye-catcher
with exciting design.
Sources: www.kurzin.com
Giesecke & Devrient G&D), a
leading supplier of banknote
paper, banknote printing, currency
automation systems, has announced
a new technology – the Laser
Personalized Patch (LPP) – which
will signifi cantly enhance protection
against the counterfeiting of all kinds
of ID documents.
The product is G&D’s response to
the demand for increased security
and meets the need for a simple
but reliable means of verifying the
authenticity of documents in real
time. Hans Wolfgang Kunz, who
heads the Government Solutions
business unit at G&D, describes the
advantages of the new technology:
“This is the fi rst time that multiple
security elements for ID documents
have been combined in this form. The
new security device not only provides
maximum protection against forgery,
but also enables the authenticity of
documents to be checked rapidly and
simply with the naked eye.” The LPP
works by integrating three separate
security features, each of which
provides a high level of security.
The solution is based on Kinegram optically
variable device technology in which an
image integrated in the document creates a
different illusion of movement depending on
the angle from which it is viewed. Optically
variable devices (OVDs) are already being
employed today as a security element in a
variety of applications, including banknotes,
passports, and other forms of ID document
such as vehicle registration papers.
The second feature of G&D’s new
LPP technology is that it also contains
a “ghost image” integrated in the
OVD. This is a laser image engraved
in the transparent OVD fi lm showing
a miniaturized mirror image of the
document-holder’s photograph. The
third personalized element of the new
device is a laser-produced engraving
in the OVD that stands slightly
proud of the surface and can thus
be detected with the fi ngertips. The
document-holder’s birth date or eye
color, for instance, can be recorded
here. The laser process used to
produce the ghost image and engrave
the other personalized details results
in a document in which the holder’s
personal data are inseparable from
the Kinegram™ image.
This unique combination of three
security elements provides effective
protection against manipulation or
forgery of the personalized card or data
page. The LPP technology is suitable
for use in all types of high-security ID
documents, including identity cards,
drivers’ licenses, healthcare cards,
and passports containing a machine-readable
PECSEC or polycarbonate
data page.
Source:http://www.mag-securs.com
Innovative Blackline Magnetic®
foil solutions by KURZ
3

4. News Bytes The Holography Times
New generation hologram ID Cards in 2009
From 1st January 2009, Polish
www.homai.org
police will be using new,
standardized identifi cation cards.The
cards will be plastic with increased
security measures such as multiple
holograms and the word POLICJA
written across the top. The new cards
are a standardization for the whole
country, ensuring that it is not as easy
to illegally pose as a policeman and
abuse the position.
Last year too, CHESTER-based fi rm
UreLife has launched UK’s fi rst
pre-paid debit card which is aimed
primarily at the nation’s teenagers
with the company saying it wants to
“introduce a new generation to the
cashless society”.
The UreLife Card, combines a pre-paid
Visa debit card with a colour
photograph of the holder and
Government approved proof-of-age
hologram. The card is available to
anyone from the age of 12 upwards
and is available according to age
groups; 12-15 years, 16-17 years, 18-
20 years, 21+ years and 60+ years.
Cards are colour-coded according to
the age category of the cardholder
and a colour photograph, PASS
hologram and printed date of birth
makes the card unique.
The UreLife card incorporates
a unique numbering system that
allows online retailers to easily
and automatically reject payments
from underage purchasers. The
long number on the card - required
for online and telephone payments
- directly corresponds to the
cardholder’s age-bracket.
Source: Techtree.com
Latest holographic image
creation technique
Current methods of holographic
photography might turn
redundant in a few years time
if the researchers at a Tokyo
institute manage to fi ne tune their
latest holographic image creation
technique. Current technology
warrants the use of lasers and
darkrooms for the production of
holographic images because it
is required to shoot the subject
separately with red, green and blue
laser beams before all the images
can be “superimposed” to give that
holographic effect.
The new technology is based
on integral photography. This
procedure in creating the hologram
includes taking pictures of the
subjects in normal lighting
conditions. A video camera is used
for this purpose. This camera has
a “fl y-eye” lens composed of a
number of micro lenses. The same
fl y-eye lens is used to display 3D
images.
A computer decodes the images
shot by the camera and processes
them into a 3D image with
separate processing units for
RGB colors. Each of these units
can be processed separately and
then merged together again and
synthesized. The result is a real-time
live holographic video. The
technique is limited only to small
images right now - however, it is
expected that the technology will
evolve over the next couple of
years to display larger holographic
images.
Source: Techtree.com
The new technology
is based on integral
photography. This
procedure in creating
the hologram
includes taking
pictures of the
subjects in normal
lighting conditions.
“
”
4

5. The Holography Times News Bytes
www.homai.org
OpSec combines holography to
medical application
OpSec Security, a company
that provides an array of
anticounterfeiting technologies,
services, and programmes to
governments and corporations
worldwide, has in association
with a global medical technology
manufacturer developed a Reprocess
Indicator that can be affi xed to a
medical device to notify whether a
medical device has been reprocessed
or not. When the label is exposed to
liquids that are used to clean devices,
a latent message is visible, warning
the user that the instrument has
been reprocessed. The label itself
is multilayered and incorporates
optically variable security technology
to safeguard against counterfeiting.
The label, which is available to med-tech
OEMs, can be implemented
on devices of various sizes and
confi gurations.
This Reprocessed SUD Warning
technology will particularly be
of importance since both patients
and physicians are often left in
the dark about whether a medical
device has been reprocessed or
not. Eucomed chief executive John
Wilkinson, applauding the European
Commission’s publication in May
of a public consultation on the
reprocessing of single-use devices,
has stressed the need for follow-through
in this consultation.
OpSec director of development
David Downes said that “The
Company we are working with on
this proj ect wanted something that
would tell the surgeon that a device
has been reprocessed. In many cases,
they just don’t know. The label is
designed to make the surgical team
aware of the device’s condition and,
prevent proliferation of reprocessed
single-use devices.” The medical
manufacturer that is participating in
the development of the technology
is in fi nal stages of rolling out the
label which will be used on the most-high-
value products of the company
portfolio.
Sources: www.opsecsecurity.com
India shining at
HOLOPACK-HOLOPRINT
The Indian hologram industry
reached new heights as
witnessed during HOLOPACK-HOLOPRINT
2008, in Toronto.
Technical excellence and innovative
applications were the overarching
themes of IHMA’s Excellence in
Holography Awards, which were
presented at Holopack•Holo-print®.
Mr. U K Gupta, CMD of Holostik
India received the prestigious
Brian Monaghan Award 2008 for
business innovation. He is also one
of the founders of the Hologram
Manufacturers’ Association of India
(HoMAI), serving as its fi rst and
current President. Mr. Gupta is the
fi rst Indian national to be bestowed
with such a prestigious international
honor. According to the IHMA, the
Indian hologram industry owes much
to his vision and energy and probably
wouldn’t exist in its current vigorous
form without his contribution.
Also, two other HoMAI members
were elected on IHMA board.
Mr. G S Dhillon was reappointed
as IHMA Asia Director while
Mr. Manoj Kochar was elected
as IHMA, Asia Deputy Director.
Indian suppliers also made their
strong presence felt at the exhibition
as Giriraj Foils & Rasik Products
successfully exhibited in the
conference.
5

6. Corporate News The Holography Times
Bayer Material joins hands with Ultimate Holographic
Corporate Social Responsibility by Everest Holovision
The prime objective of any business
www.homai.org
Bayer MaterialScience, one of
the world’s largest polymer
companies and Canadian-based
Ultimate Holographic Reproductions
Inc. (UHR), global supplier of high
quality, true-color holographic images,
entered into a joint development
agreement in November 2008. The
goal of the agreement is to advance
the broad commercialization of high-quality,
true-color holographic images.
Bayer MaterialScience is supplying
color-sensitive photopolymers that
are ideal for the mass replication
of the true-color master holograms
produced by Ultimate Holographic
Reproductions. Full-color holograms
have potential uses in a broad
spectrum of applications like the
advertising industry, packaging and
entertainment sectors, product design
and manufacture of high-quality print
products.
Although there have been many attempts
to produce holographic images suitable
for broad market use, they usually
failed due to the lack of appropriate
materials for mass production. “The
collaboration between UHR and Bayer
MaterialScience creates an ideal basis
for covering the demand of the global
market place” comments Vivona,
Vice President, Marketing and Sales
at UHR.
The new photopolymer fi lm that
Bayer MaterialScience plans to launch
commercially in 2010 has several
advantages over other holographic
materials. For example, it is easy to
process and environmentally robust. It
can also be exposed by laser light in one
or more colors. The three-dimensional
images that will be created by UHR will
have high contrast, excellent color and
superb image quality. Moreover, there
is no need for wet chemical or heat
treatment to develop the holograms
after they have been exposed.
Source: www.bayermaterialscience.com
JDSU names Thomas Waechter President & CEO
Milpitas, California, – JDSU a
leading provider of innovative
optical solutions for medical/
environmental instrumentation,
semiconductor processing, display,
brand authentication, aerospace and
defense, and decorative applications
announced the appointment of
Thomas Waechter as the new president
and chief executive offi cer.
He had take the new position from
January 1, 2009. Mr. Waechter is
also appoint to JDSU’s Board of
Directors.
JDSU was in news in last year
when it acquired American Bank
Note Holographics. ABNH’s
security hologram technologies and
JDSU’s optical security offerings
combine to deliver a market
leading portfolio of integrated overt
and covert security solutions for
authentication and brand protection.
Sources: www.jdsu.com
The prime objective of any business
is to make profi ts for itself and for
its shareholders. Though profi ts are
important, companies also have an
obligation to the society in which they
conduct their business activity. One
such company that lives by this principle
is Everest Holovisions Ltd, an ISO 9001
certifi ed holographic manufacturing
company, contributing to the good
of society. Mr. K.Y.Shah, Technical
Director, Everest Holovisions Ltd
informed us that out of the numerous
activities that they have done for the
upliftment of society, some of them
include setting up and maintaining a
Reverse Osmosis water fi ltration plant
providing clean drinking water to more
than 1000 students, adoption of a village
in Khanvel, U T of Dadra Nagar Haveli,
providing food twice a day to around
100 malnutrition children.
Also, since the importance of
reforestation and planting of trees
has been understood to save the
environment, Mr. R.D. Surana, CMD
of the company has shared with us that
Everest Holovisons Ltd along with
Hariyali – a NGO, provides seeds to
the devotees who visit the holy place of
Pandharpur (A place of pilgrimage for
the Hindu community). The devotees
while walking with a stick from
surrounding places, around 100 kms
away, make a small hole at the side
of the road in which a seed is placed
which would germinate into a tree. In
the spirit of saving the environment
the company has future plans of using
solar energy for providing hot water to
community hospitals.
In today’s age, where organisations need
to consider the interests of society by
taking responsibility for the impact of
their activities on customers, suppliers,
employees, shareholders, communities
and other stakeholders, as well as the
environment, if each company takes
it upon itself to work and contribute
towards the betterment of society, then
the combined efforts would lead to a
better and stronger tomorrow.
Source:www.everestholovision.com
is to make profi ts for itself and
for its shareholders. Though profi ts
are important, companies also have an
obligation to the society in which they
conduct their business activity. One
such company that lives by this principle
is Everest Holovisions Ltd, an ISO 9001
certifi ed holographic manufacturing
company, contributing to the good
of society. Mr. K.Y.Shah, Technical
Director, Everest Holovisions Ltd
informed us that out of the numerous
activities that they have done for the
upliftment of society, some of them
include setting up and maintaining a
Reverse Osmosis water fi ltration plant
providing clean drinking water to
more than 1000 students, adoption of a
village in Khanvel, U T of Dadra Nagar
Haveli, providing food twice a day to
around 100 malnutrition children.
Also, since the importance of
reforestation and planting of trees
has been understood to save the
environment, Mr. R.D. Surana, CMD
of the company has shared with us that
Everest Holovisons Ltd along with
Hariyali – a NGO, provides seeds to
the devotees who visit the holy place of
Pandharpur (A place of pilgrimage for
the Hindu community). The devotees
while walking with a stick from
surrounding places, around 100 kms
away, make a small hole at the side
of the road in which a seed is placed
which would germinate into a tree. In
the spirit of saving the environment
the company has future plans of using
solar energy for providing hot water to
community hospitals.
In today’s age, where organisations need
to consider the interests of society by
taking responsibility for the impact of
their activities on customers, suppliers,
employees, shareholders, communities
and other stakeholders, as well as the
environment, if each company takes
it upon itself to work and contribute
towards the betterment of society, then
the combined efforts would lead to a
better and stronger tomorrow.
Source:www.everestholovision.com
6

7. The Holography Times Company Profi le
Holoflex growth
with innovation
Holofl ex Limited is one of the leading manufacturers of
Holograms and allied products in India. An ISO 9001:2000
& ISO 14001:2004 Certifi ed Company - Holofl ex Limited
is recognized worldwide as one of the most innovative and
development-oriented product and document security
solutions provider.
Holofl ex has state-of-the-art manufacturing facility in
Kolkata houses some of the most sophisticated machinery
available in the country required for secure and high
quality security applications.
As one of the pioneers of this technology in India,
Holofl ex Ltd. entered a nascent market, which needed
extensive education on the concept of holograms.
Today Holofl ex Ltd. provides a variety of customized
holographic solutions to various government departments
in India as well as numerous corporate houses in India and
across 22 countries all over the world through its offi ces in
Kolkata, Mumbai, Delhi, Chennai, Guwahati and various
agents across the globe.
Member of the International Hologram Manufacturers
Association (IHMA), London, an exclusive body under the
aegis of the Anti-counterfeit Bureau, International Chamber of
Commerce, London, Holofl ex is also the Founder-Member of
Hologram Manufacturers’ Association India (HoMAI), New Delhi
the parent body of Indian Hologram manufacturers.
Holofl ex has been acclaimed nationally & globally for its’ obsession
to quality and focus on product innovation through various awards and
commendations from IHMA & HoMAI. Holofl ex was awarded as the winner
in the Best Hologram Label Category of IHMA Awards consecutively in 2003
& 2004.
Back home Holofl ex achieved similar feats at HoMAI Awards. Additionally, Holofl ex
have bestowed the honor of being the fastest growing company in the fi eld of holography
consecutively in 2007 & 2008 by HoMAI.
www.holofl ex.com
www.homai.org
7

8. Do You Know? The Holography Times
www.homai.org
First
banknote
The fi rst real paper
currency was ‘Jiaozi’
introduced in the Song
dynasty (960-1279).
Song Dynasty Jiaozi, the world’s
earliest paper money
First in Holography
The fi rst kinegram banknote, the 1988
Austrian 5000 Schilling note (Mozart)
Counterfeit market
in India:
Name of Country Currency Note
Canada Canadian Dollar 5, 10, 20, 50 & 100
Britain Pound Sterling 10,20 & 50
South Korea Won 1000, 5000 & 10,000
Japan Yen 10,000 & 5000
Bulgaria Lev 1,2,5,10,20,50 & 100
Andorra Euro 5,10,20,50,100,200 & 500
Hong Kong Hong Kong Dollar 20,50,100,500 & 1000
Austria Euro 5,10,20,50,100,200 & 500
Belgium Euro 5,10,20,50,100,200 & 500
Cyprus Euro 5,10,20,50,100,200 & 500
France Euro 5,10,20,50,100,200 & 500
Finland Euro 5,10,20,50,100,200 & 500
Germany Euro 5,10,20,50,100,200 & 500
Greece Euro 5,10,20,50,100,200 & 500
Ireland Euro 5,10,20,50,100,200 & 500
Italy Euro 5,10,20,50,100,200 & 500
Luxembourg Euro 5,10,20,50,100,200 & 500
Malta Euro 5,10,20,50,100,200 & 500
Monaco Euro 5,10,20,50,100,200 & 500
Portugal Euro 5,10,20,50,100,200 & 500
Slovenia Euro 5,10,20,50,100,200 & 500
Spain Euro 5,10,20,50,100,200 & 500
• Face value of counterfeit currencies seized in the fi rst 10 months
of 2008 is Rs. 5.6 Crore, three times more than in 2007
• Bangladesh tops the list of countries from where fake notes are
smuggled to India, contributing to 25% of total circulated notes
• About 70% of currency detected consists of higher
denomination notes, i.e. Rs. 500 and Rs. 1000
Indian counterfeit currency in the news
• With terror suspects comes fl ood of fake notes
(Indian Express, January 5, 2009)
• Fake note blues by fi nance minister
(Mail Today, December 29, 2008)
• Fake currency: House panel asks RBI to beef up
monitoring systems
(Business Line, December 23, 2008)
• Fake currency seized, Bangladeshi arrested
(The Statesman, December 21, 2008)
• IB Alert on ISI’ fake rupees
(The Asian Age, December 17, 2008)
• Rs 5.6 crore fake notes seized this year:
CBI (DNA, December 11, 2008)
List of few countries using hologram on currency
8
SPECIMEN

9. The Holography Times Case Study
CANADIAN DOLLAR JOURNEY
The fight against counterfeiters
The major challenge to protect currency from counterfeiters has become dependant on partnership between law enforcement agencies,
financial institutions, central banks, as well as security printing industry and high-grade supplier community. In this case study, we are
reviewing the Canadian Dollar from its start to the 1935 series to 2004 Journey series.
www.homai.org
Currency counterfeiting has never been so serious
that it’s threatened Canada’s economy. Still,
the Bank of Canada had to redesign all the country’s
banknotes to address the problem. Consumers,
businesses and the Bank of Canada got quite a jolt in 2001
with the discovery of a sophisticated counterfeiting ring
operating near Windsor, Ontario These counterfeiters
turned out mounds of $100 bills of such high quality
that millions of dollars in funny money made its way
into general circulation before the ring was broken up.
To address this problem, the Bank of Canada took
several initiatives which were successfully implemented.
The bank credited its phased introduction of upgraded
security features to part of the drop in overall
counterfeiting. It used various overt as well as covert
security tools to stay ahead against counterfeiters in
an ongoing battle of advanced copying, scanning and
printing technology. Hologram is among one of them.
Holograms has proved their authenticity as the best overt
security features, in protecting bank notes and other
fi nancial documents. According to Report entitled—A path
to the next generation of US Banknotes, by US National
Research Council “Holograms have been recognized as
having a defi nitive role in the fi ght to combat banknote
counterfeiting”. This report identifi es 21st century materials
and technologies to deter counterfeiting of banknotes.
In 1988, Austria produced the 5000 Schilling banknote
(Mozart), which was the fi rst foil hologram application
(Kinegram) to a paper banknote. Today, Holograms are
currently used by more than 90 issuing authorities on nearly
250 bank notes denominations worldwide. They are used in
many currencies such as the Brazilian real 20 note, British
pound 5/10/20 notes, Canadian dollar 5/10/20/50/100 notes,
Euro 5/10/20/50/100/200/500 notes, South Korean won
5000/10000 notes, Japanese yen 5000/10000 notes, etc.
New Holographic Series of Canadian Banknotes
9

10. Case Study The Holography Times
About the Canadian banknote
www.homai.org
Canadian banknotes are the
banknotes of Canada, denominated
in Canadian dollar. The fi rst paper
money issued in Canada denominated
in dollars was British Army Bills,
issued between 1813 and 1815 in
denominations between $1 and $400.
These were emergency issues due to
the War of 1812.
The fi rst banknotes were issued in 1817
by the Montreal Bank. As of 2007, the
Canadian dollar was the 7th most traded
currency in the world. All notes are
issued by the Bank of Canada, which
released its fi rst series of notes in
1935. Since then, The bank of Canada
has issued six series of bank notes
and two commemorative notes
from 1935-2006. Portraits of former
Canadian prime ministers and members
of the royal family have graced the
fronts of Canadian bank notes, while
the backs have featured allegorical
fi gures, Canadian landscapes and
industries, Canadian birds, and images
depicting Canadian culture, history,
and achievements.
“
Problem
1935 Series
On 11 March 1935, the Bank of Canada issued its fi rst series of bank notes.
1937 Series
The creations of a second series of bank notes, only two years after the fi rst issue, was prompted by
changes in Canadian government legislations requiring the Bank of Canada to produce bilinguial
bank notes. The 1937 series of bank notes saw the portrait of King George VI replace those of other
members of the royal family.
1954 Series
Signifi cant changes to the design of Canada’s paper currency gave it a whole new look that set the
standard for the future. The portrait of the queen was moved to the right hand side as compared to
centre in 1937 series.
1969-1979 Series Scenes of Canada
The main characteristic of this series was the use of multicolored tints beneath the dominant colour.
1986 Series Birds of Canada
The 1986 series of bank notes was designed with enhanced security features to counter developments
in colour-copier technology.
2001-2004 Series Canadian Journey
These notes are distinguished by new and enhanced security features, world-class designs, and a
tactile feature to help the blind and visually impaired identify the different denominations.
In 2001, the Bank of Canada introduced the new $10 note from
the Canadian Journey series, without non overt security features.
In 2003, the counterfeiting rate in Canada quadrupled from 100
parts per million (ppm) to almost 400 ppm of banknotes in
circulation. Also, in 2001, the Bank of Canada got a jolt with
the discovery of a sophisticated counterfeiting ring operating
with the help of access to digital imaging and advanced printing
technologies. RCMP (Royal Canadian Mounted Police) fi gures
showed that more than a half-million counterfeit notes were in
circulation as recently as 2004, far above the Banks monitoring
guideline.
A report published by the bank said, “All denominations
except the $5 continued to be above historical threshold of 120
counterfeits detected per million genuine notes in circulation.
Fake notes in the system, were hurting confi dence in currency.”
10

11. The Holography Times Case Study
Approach
Bank of Canada had to make major
changes in the production and
design of its currency to tackle the
problem. It was considering new
anti-counterfeiting techniques to
be implemented. However, it was
important for the Bank to ensure the
issuance of the new banknotes in the
shortest possible time, limiting the risk
of issuance delays.
In an attempt to reduce counterfeiting,
the Bank considered new bank note
security features for the Canadian
Journey Series Bank Notes, as
proposed by both external suppliers
and its own development program. A
holographic stripe was introduced
since a Hologram was considered as
the most effective overt technology
against counterfeiting, since the last
25 years. Advantage was taken of the
holographic industry’s experience in
origination, foil production and foil
application.
In 2004, Bank of Canada issued $20,
$50, and $100 notes in the Canadian
Journey series with enhanced
security features. These notes were
distinguished by new and enhanced
security features, world-class designs,
and a tactile feature to help the blind
and visually impaired identify the
different. The Bank issued the new
$100 bill on March 17, 2004, the $20
note in September 29, 2004, and the
$50 note in November of 2004. As part
of its ongoing efforts to improve the
security of Canadian bank notes, an
upgraded $10 & $5 note in the series
was introduced on 18 May 2005 and
on 15 November 2006 subsequently
fi nalizing the series. The $5 bill was
the last in the current series of currency
notes to get its security upgrade.
www.homai.org
Solution
Step 1:
Strong Compliance with Judicial system & Law enforcement
agencies
When questioned about how the bank handles counterfeiting, the
response was, “The Bank of Canada has established a currency
education program to assist Canadians in identifying genuine bank
notes. The Bank monitors counterfeiting levels and works closely
with law enforcement agencies and fi nancial institutions to ensure
the authenticity of notes in circulation. Also, the Bank periodically
changes the design and security features of bank notes.”
Step2:
Changes in design and production of the banknote
a) Design and Implementation of New Security features –
The bank used security features like raised ink (intaglio) and feel
of paper, see through number, ghost image watermark, dashes
security thread, fl uorescent inks and a holographic metallic stripe,
providing series of hurdles for the would-be counterfeiter. Pure
cotton composed paper was used for printing. A holographic
stripe was introduced to fi ght this problem. It took several
years to design the banknote with the hologram. The Bank
of Canada worked closely with major holographic industry
players to design, originate, and produce the holographic foil.
The holographic foil developed was inspected, applied on banknote
papers, and tested through the bank note printing process. Once
the design was fi nalized, the Bank contracted the printing of the
notes to two security printing companies, Canadian Bank Note
Company, Limited and BA International Inc to ensure uniformly
high quality banknotes. It considered hologram and color shifting
material as security features.
The $5 bill was the last in the current series of currency notes to
get its security upgrade. The new $5 note was released into general
circulation on Nov. 15, 2006.
11

12. Case Study The Holography Times
The security features were:
www.homai.org
1. High security holographic stripe:
When the banknote is tilted, brightly
coloured numerals appear in the
background of the stripe and maple
leaves “move” within the holographic
stripe. There is a colour-split within
each maple leaf.
2. Watermarked portrait:
When the note is held to a light, a
small ghost-like image of the portrait
appears to the left of the large
numeral.
3. Windowed colour - shifting thread:
When the note is held to the light a
continuous, solid line appears. From
the back of the note, the thread
resembles a series of exposed metallic
dashes that shift from gold to green
when the bill is tilted.
4. See-through number:
Hold the note to the light and the
irregular marks on the front and back
will form a perfectly aligned number
b) Removal of $1, $2 and $ 1000 notes
Some of the most signifi cant
developments in Canadian currency
were the withdrawal of the $1, $2
and $ 1000 notes in 1989, 1996 and
2000 respectively. The $ 1 and $2
denominations have been replaced
with coins, reducing cost of producing
Canada’s currency. The $1000 note
was removed as Solicitors General of
Canada and Royal Canadian Mounted
police (RCMP) reported it was used
in money laundering and organized
crime.
Step 3:
Bank Public communication
The Bank communicates to users
through press releases & website,
informing public about the new bank
note issuances, and providing a range
of educational material on how to
authenticate Canadian bank note
using security features.
Result
With the combined effort of bank note new security features, Bank pub-lic
communications, and law enforcement efforts, the bank note counter-feiting
rate has been reduced to 60ppm (parts per million) in 2008.
The Bank of Canada credits this drop in overall counterfeiting, to its
phased introduction of upgraded security features. Metallic holographic
stripes, watermark portraits, colour-shifting threads, a see-through num-ber,
and enhanced fl uorescence under ultraviolet lighting are just some
of the new features the central bank has added to try to foil would-be
forgers. But it is an ongoing battle as currency printers try to stay ahead
of increasingly sophisticated counterfeiters who take quick advantage of
advancement in copying, scanning and printing technology. A further
banknote redesign is scheduled, beginning in 2011.
Sources: www.bank-banque-canada.ca, www.cbnco.com, www.wikipedia.org
ECONOMY OF CANADA
Currency Canadian dollar (CAD)
Fiscal year 1 April – 31 March
STATISTICS
GDP (PPP) $1.274 trillion (2007 est.)
GDP growth 1.3% (Q3 2008/2007)[1]
GDP per capita $38,200 (2007 est.)
GDP by sector agriculture (2.1%), industry (28.8%), services (69.1%)
(2007 est.)
Inflation (CPI) 2.4% (2007 est.)
Gini index 31.5% (2004)
SOURCE: CIA WORLD FACT BOOK
All values, unless otherwise stated, are in US dollars
12

13. The Holography Times
www.homai.org
13

14. Industry Updates The Holography Times
HOLO-PACK • HOLO-PRINT® 2008
Innovation in Holographic Materials and Full-Colour Holography
www.homai.org
Almost200participantsassembled
in Toronto, Canada, for the 19th
Holo-Pack•Holo-Print® convention
to see the latest examples of the best
in full-colour 3D holography and
also heard about new holographic
materials under development.
The combination conference-wit-exhibition
was spread over three
days (18/19/20th November, 2008)
and took as its theme ‘Pushing
the Boundaries’. On the theme
of ‘Pushing the Boundaries’, this
annual meeting for the global
holography industry - organized
by Reconnaissance International -
sought to explore the ways in which
the industry continues to develop
new materials and techniques to
make the application of holographic
technology more convenient and
eff ective for the users.
The conference began with two
workshops; one titled ‘OVDs
– New & Emerging Optical
Security Technologies’ and the
other ‘ID Documents; Overview
of Current Expectations’. Each
of these workshops supplied an
overview of developments in the
use of holographic materials for
brand protection and ID documents
respectively.
In his introductory remarks to the
conference proper, Ian Lancaster of
Reconnaissance pointed out that the
industry is pushing the boundaries
of how holograms are perceived,
produced and used. He displayed
graphs showing that the size of
the hologram industry has grown
to US$2.3 billion per year with
major impetus coming from the
development of business in China
and India. From a commercial point
of view, attendees were treated to
discussions relating to a variety of
market verticals ranging from bank
notes to injection-moulded parts in
which a fully integrated holographic
grating proved decorative and eye
catching but, more importantly,
reduced the incidence of counterfeits
in the market and boosted sales of the
genuine parts by more than 70%.
Close attention was paid to several
presentations relating to resurgent
interest in volume holograms
recorded in photopolymer materials.
The fi rst of these was from Bayer
Materials Science which provided
a sneak preview into the full color,
dry-process material it plans to
launch in 2010. Attendees did not
have to wait that long to see the
quality of imagery that could be
produced with this material because
several world class images were on
display in the exhibition area. These
were produced by UHR (Ultimate
Holographic Reproductions) in
Canada and eff ectively demonstrated
how the material could be used to
record and display imagery ranging
from rock crystals to Faberge eggs
with a degree of realism rarely seen
in display holograms.
Sony DADC chose the occasion
of this conference to announce
that it is the new player in the
brand protection market using
its proprietary photopolymer and
origination system. The new product,
currently available as self adhesive
labels and known as SEAL, has been
used internally by Sony to protect its
own products.
On a lighter note, Hspace, a Canadian
company specializing in the business
development of architectural
holograms, demonstrated the use of
Second Life software for creating
real time demonstrations in virtual
space, as a way of inter-acting with
clients over long distances. The
audience was transported up
and down elevators and along
virtual corridors in order to
peep into endless exhibitions of
holographic products.
Three further developments
worthy of special note
were the new, injection
moldable holographic
plastic from General
Electric, new
authentication holograms
known as SHOPS from
Smart Holograms, and
the Crystagram hologram
containing an RFID chip from
Toppan Printing.
The fi rst development (from
GE) is truly revolutionary
because it will make a
thermoplastic material
available to the manufacturing
industry so that they can
produce clear items such
as spectacle lenses, contact
lenses, CD disks etc then
expose a volume hologram
into the fi nished product for
authentication purposes.
In the second, SHOPS
(Smart Holograms
Optically Programmable
Sensors), Smart
Holograms has taken
what was perceived a
drawback to holograms
produced on silver halide
– namely, their tendency
to change shape when
subject to external
stimulus – and turn this
into an advantage by
making the sensitivity
of the holograms to
such stimulus a part
of the authentication
process.
14

15. The Holography Times Industry Updates
The third development is the RFID label from Toppan which
incorporates a minute chip from Hitachi no larger than a grain of sand,
addressing the growing requirement for covert authentication features
enabled for track and trace purposes. Indeed, this new technology so
intrigued the judges of the IHMA Holography Awards (International
Hologram Manufacturers Association) that it was awarded a prize,
presented, along with others, at the conference dinner on 19th
November.This conference dinner provided yet another opportunity
for delegates to interact in an informal and productive way and it was
clear from observing the conversations that many alliances were being
formed and deals being struck. Everyone in the business is aware that
quick sales are no longer the norm in this space and so events such as
this provide the necessary oxygen for development projects and sales
programs to breathe and take fl ight.
THE AWARD WINNERS AT
HOLOPACK-HOLOPRINT 2008
BRIAN MONAGHAN AWARD FOR BUSINESS INNOVATION
Award: Umendra Kumar Gupta, Holostik India
SECURITY/AUTHENTICATION
Award: Leonhard Kurz, OVD Kinegram for Kinegram reColor
PACKAGING
Award: Toppan Printing, Hitachi Ltd, Hitachi Chemical Co Ltd for the
RFID Crystagram
PROMOTION/ILLUSTRATION
Award: API Holographics, API Laminates, Imperial Tobacco for
Lambert & Butler cigarette packs
INDUSTRIAL
Award: Sitech for the fastrack dot matrix origination system
NEW HOLOGRAPHIC PRODUCT
Award: U-NICA Global Security Solutions for the injection-moulded
IntroGram
NEW HOLOGRAPHIC TECHNIQUE
Award: Hologram Industries and Hologram Industries Research for
HoloID
The next Holo-Pack•Holo-Print will take place November 11-13,
2009 in Budapest, Hungary – a fi tting location for the 20th event in
that it was the birthplace of Denis Gabor, theinventor of the holograms
who fi rst published his ground-breaking discovery 60 years ago.
www.homai.org
Events & Calendar
PHOTONICS WEST
January 24-29, 2009, San Jose, CA, USA
www.spie.org
SECURITY PRINTING CONFERENCE 2009
January 27-29, 2009, Vilnius, Lithuania
www.security-printing.com
TAX STAMP FORUM
February 23-24, 2009, Budapest, Hungary
www.taxstampforum.com
SECURITY DOCUMENT WORLD 2009
March 26-27, 2009, London
www.sciencemediapartners.com
6TH PAN-EUROPEAN HIGH SECURITY PRINTING CONFERENCE
April 1 - 2, 2009, Warsaw, Poland
www.cross-conferences.com
CARDS ASIA 2009
April 21-24, 2009, Singapore
www.terrapinn.com
PISEC, the global summit for the brand, product and image protection
industries
June 22-24, 2009, Athens, Greece
www.pisec-world.com
PACKPLUS 2009
July 8-11, 2009, New Delhi
www.print-packaging.com
ASIA PRINT & PACK EXPO 2009
August 28-31, 2009, Bangalore
www.asiaprintpackexpo.com
PACK PRINT INTERNATIONAL 2009
September 23-26, 2009
CURRENCY CONFERENCE
May 9-2, 2010, Buenos Aires, Argentina
www.currencyconference.com
Editorial Board
C S Jeena Neha Gupta
The Holography Times is published by
HOLOGRAM MANUFACTURES ASSOCIATION OF INDIA
(HoMAI)
21-Ground Floor, Devika Tower 6, Nehru Place,
New Delhi110019, INDIA
Telefax: +91-11-4161 7369,
Email: theholographytimes@gmail.com
Disclaimer: The data used here are from various published and electronically
available primary and secondary sources. Despite due diligence the source
data may contain occasional errors. In such instances, HoMAI would not be
responsible for such errors.
International Conference on
Anti-Counterfeiting Technologies I-CAT 2009
(I-CAT 2009) is an earnest initiative
formulated by Centre for Development of
Imaging Technologies (C-DIT)
For more information, contact:
Sajan Ambadi at ambadycdit@gmail.com
15

16. 16 www.homai.org