Home | Business News | Browse by Publication | L | Los Angeles Business Journal

Real McCoys: Foil Flex Products' security measures safeguard brand names and exclusivity deals.

Publication: Los Angeles Business Journal
Publication Date: 19-NOV-07
Format: Online
Delivery: Immediate Online Access
Full Article Title: Real McCoys: Foil Flex Products' security measures safeguard brand names and exclusivity deals.(Innovation)( Foil Flex Products Inc. innovation and security measures)

Article Excerpt
[ILLUSTRATION OMITTED]

THE newest item rolled out by Foil Flex Products Inc. is invisible, but it has the potential to save consumer products businesses millions of dollars each year that are lost to counterfeiting.

Counterfeiting--the sale of copied branded goods--is on the rise. Another problem is "diversion," when products are sold at sales points in violation of exclusivity agreements. Together, these practices cost U.S. companies about $70 billion a year.

Foil Flex, which specializes in putting security measures such as holography, radio frequency identification devices and light devices on products from golf balls to electronics for inventory control, was initially created to provide services that could catch criminals. Recently, the Valencia-based company expanded one of its patented technologies.

For three years, Foil Flex had been using an invisible technology inside product labels--tags on shirts, for example--so that merchandise can be identified. If detectives working for a shirt company find suspected counterfeit merchandise, it's easy to confirm authenticity by checking for the hidden code.

Now, Foil Flex has made that invisible technology computer scanable so...

Access Full Article, Compliments of Goliath

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Los Angeles Business Journal
Labor pains.(LABJ forum)(Kyle Acquistapace,Kenneth A. Miles,Jim McCart..., November 19, 2007
Budget shortfall, writers' strike linked by uncertainty.(COMMENTARY), November 19, 2007
Inclusionary zoning would worsen L.A.'s housing shortage.(COMMENTARY)(..., November 19, 2007
Programming is child's play for Mesoft Tech executive.(Featured Newsma..., November 19, 2007
Ripple's high-definition screens heading for borders: company can fine..., November 19, 2007

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.