OpSec Security Completes Acquisition of GenuOne Inc.

The closing of the transaction creates a single company now able to offer an unprecedented range of anti-counterfeiting and brand protection products to corporations and governments worldwide.

OpSec Security, Inc. ("OpSec"), a division of Applied Optical Technologies plc (London AIM: ALT) today announced that it has completed the acquisition of GenuOne, Inc. ("GenuOne"), a Boston, Massachusetts-based provider of brand protection solutions. OpSec paid $13 million in cash for GenuOne.

OpSec is a pre-eminent provider of anti-counterfeiting technologies and services to over 100 governments and corporations worldwide. Its products allow its corporate clients to authenticate and to track products from counterfeiting and diversion.

Governments use OpSec technologies to guard against counterfeiting of currency, passports, drivers' licenses, licenses, and other government documents.

GenuOne is a provider of anti-counterfeiting and anti-diversion software products which enable brand owners to monitor and protect their products and brands across a range of online environments, including auction sites, retail and wholesale internet exchanges, and business to business boards where significant sale of counterfeit products occurs. GenuOne also provides product tagging and tracking services to customers. GenuOne currently services 45 major global brands including XEROX, New Balance Athletic Shoes, Cisco, Richemont Group and Dell.

Commenting on the completion of the acquisition Mark Turnage, Chief Executive Officer, said: "The closing of this transaction marks the beginning of a new phase in the life of OpSec. The combination of OpSec's overt and covert tracking products with GenuOne's software and tracking technologies creates a new company able to offer an unprecedented range of products and services to those customers who suffer from counterfeiting or diversion of their products. This transaction further leverages and extends the leadership position OpSec occupies in the industry."