STOCK TITAN

Digimarc Launches Brand Integrity Solution to Help Brands Combat Costly Counterfeiting and Product Diversion

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On June 8, 2022, Digimarc Corporation (Nasdaq: DMRC) announced the launch of its Digimarc Brand Integrity digital solution, designed to enhance product authenticity verification. This innovative approach assigns each product unit a serialized digital identity, accessible via various digital triggers, including Digimarc watermarks. The solution aims to combat counterfeiters by providing accurate, scalable product authentication, leveraging dual-factor authentication and cloud-based data. This helps brands manage their reputation and supply chain more efficiently, protecting against counterfeit products.

Positive
  • Launch of the Digimarc Brand Integrity solution enhances product authentication.
  • Utilizes serialized digital identities for tracking and verification.
  • Combines QR codes with covert digital watermarks for improved security.
  • Offers increased visibility into supply chains and product journeys.
Negative
  • None.

BEAVERTON, Ore., June 8, 2022 /PRNewswire/ -- Digimarc Corporation (Nasdaq: DMRC), creator of Digimarc watermarks that are driving the next generation of digital identification and detection-based solutions, announced the launch of its Digimarc® Brand Integrity digital solution, which gives brands and their customers more sophisticated and flexible ways to verify the authenticity of products.

Digimarc's unique data-driven approach involves assigning each product unit a serialized digital identity that can be tracked in the cloud and accessed through a variety of on-package digital triggers, including the industry's most secure and covert: the Digimarc digital watermark. The powerful combination of digitized products and cloud-based data makes the process of authenticating items more accurate and scalable than traditional physical authentication measures.

"As counterfeiters have become more sophisticated and supply chains more diffuse, companies are recognizing that traditional brand protection approaches that are largely reactive and reliant on trained inspectors and specialized equipment are both ineffective and inefficient," said Ken Sickles, Chief Product Officer at Digimarc. "Digimarc has created a uniquely digital solution that leverages the ubiquity of smart phones and other digital devices to make product authentication much more streamlined and less prone to human error."

Moreover, Digimarc's support of dual-factor authentication, such as scanning both QR codes and digital watermarks on a single package, provides a strong defense against bad actors accustomed to easily circumventing lesser brand protection measures.      

"Digitizing products with QR codes is a great starting point," he continues. "But, when coupled with a robust product cloud and covert digital watermarks, brands can gain even greater visibility into their products and offer their consumers the chance to do the same."

Without a singular source for product data, companies lack actionable intelligence about several product attributes. The Digimarc Brand Integrity solution helps brands to protect their reputations by giving every product a digital presence connected to a cloud-based record of its journey and interactions. This can prove a products' authenticity, uncovering counterfeits and their origin, and provide insight into a products' supply chain so that brands can anticipate issues and act fast.

About Digimarc

Digimarc is a global leader in product digitization, delivering business value across industries through unique identifiers and cloud-based solutions. A trusted partner in deterring digital counterfeiting of global currency for more than 20 years, Digimarc illuminates a product's journey to provide intelligence and promote a prosperous, safer, and more sustainable world. With Digimarc, you can finally see everything. And when you see everything, you can achieve anything. For more information, visit us at digimarc.com.

 

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/digimarc-launches-brand-integrity-solution-to-help-brands-combat-costly-counterfeiting-and-product-diversion-301563930.html

SOURCE Digimarc Corporation

FAQ

What is the Digimarc Brand Integrity solution launched on June 8, 2022?

The Digimarc Brand Integrity solution is a digital tool that enhances product authenticity verification through serialized digital identities and cloud data.

How does Digimarc's solution combat counterfeiting?

The solution employs dual-factor authentication, combining QR codes and digital watermarks to make product authentication more secure.

What are the benefits of using Digimarc's digital solution?

Benefits include improved accuracy in product authentication, enhanced visibility into supply chains, and better reputation management for brands.

What technology does Digimarc use for product verification?

Digimarc uses serialized digital identities, QR codes, and covert digital watermarks for product verification.

Digimarc Corporation

NASDAQ:DMRC

DMRC Rankings

DMRC Latest News

DMRC Stock Data

779.87M
15.03M
29.94%
59.72%
9.79%
Information Technology Services
Services-computer Integrated Systems Design
Link
United States of America
BEAVERTON