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News

Magnetic Solutions division launched for brand protection and document security

TSSI Systems : 16 September, 2009  (Company News)
Growth in demand for document security products and brand protection from TSSI leads to the creation of a new Magnetic Solutions Division
TSSI Systems, a manufacturer of document verification, fingerprint biometrics and identification systems solutions, has announced the launch of a new Magnetics Solutions Division following a major internal reorganisation. The new division will be instrumental in driving further growth across TSSI's document security and brand protection products. The restructure includes the promotion of John Barker to Managing Director of TSSI. John will continue to steer aggressive growth through a renewed focus on the company's core strengths.

Danny Chapchal, Executive Chairman, TSSI said: "John Barker's promotion to Managing Director is a pivotal step in re-energising the direction of the company. TSSI has had considerable success and growth in 2009 and, under his leadership, I'm confident that the business will go from strength to strength in 2010. The launch of the Magnetics Solutions Division will play a core role in that development."

The Magnetics Solutions Division has been created to support increasing demand for TSSI's unique range of document security and brand protection products including WaterMark, DeedMark, SmartMark, OpVantia, OptiGard and short run specialist contract coating. Ian Elver has been appointed General Manager of the division, reporting to John Barker. He will be responsible for its operational running using his considerable knowledge and experience accrued over a 25-year career. TSSI has identified that partnerships and product acquisitions will be key to the further growth of the division.

"The creation of the TSSI's Magnetics Solutions Division is a reflection of our strong foothold as the preferred supplier of brand protection and document security products. By creating a separate division we can place greater focus on developing and improving our products to support the global demand for solutions that prevent counterfeiting and fraud," said John Barker, Managing Director, TSSI.


TSSI's remaining portfolio of access and identity management products and solutions will continue to be sold through its existing channel. James Whittaker has been appointed Senior Sales Manager of TSSI's Access and Identity Management Solutions Division reporting directly to John Barker. James will be responsible for increasing sales across its range of software solutions including enSign, enGuard, enVision and Validate ID checker.

TSSI has been leading the charge in personal identity, fingerprint biometrics and document security products since it was founded in 2005 by technology entrepreneur Danny Chapchal and Lord Young (former Minister of Trade and Industry). In 2007 TSSI invested heavily in a joint venture in China making significant financial returns. Customers include the China Construction Bank, the Bank of Agriculture and the Guandong Development Bank.

TSSI also has significant presence in Central America and Korea, both key markets in fraud prevention and brand protection.
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