LaserLock Technologies takes in $4.2 million through private placement

Company raises proceeds for research, sales and marketing campaign

By Devika Patel

Knoxville, Tenn., Jan. 15 - LaserLock Technologies, Inc. said it raised $4.2 million in a private placement.

Proceeds will be used for general corporate purposes, including research and development programs and development of an expanded sales and marketing campaign for the company's newest anti-counterfeiting technologies.

"These funds provide the necessary resources to enable LaserLock to introduce our most recent anti-counterfeiting technology globally," president Neil Alpert said in a press release. "I am confident in our anti-counterfeiting technologies and believe we are on the cutting edge of this rapidly expanding field."

LaserLock is a development-stage company based in Bala Cynwyd, Pa., that engages in the provision of product and document authentication and security solutions.

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