Portals, the leading supplier of banknote and passport papers, is delighted to announce the signing of a Licence Agreement for the multi-layer banknote technology, EverFit® with Banque de France.
This Licence Agreement will enable Portals to promote and manufacture the specialist cotton substrate used in EverFit® cotton/polymer composite banknotes and to promote this leading technology around the world.
Commenting on the signing of the agreement:
Vincent Bonnier, Director General, Banknote Manufacturing of Banque De France
“We have developed EverFit® with the aim of achieving ultimate banknote protection, in particular for demanding circulation conditions, translating into issuance costs savings for Central Banks. We are delighted to sign this licence agreement with Portals, a world leader in banknote paper. This cooperation will enable many issuing entities across the globe to take advantage of this breakthrough innovation and to increase significantly the lifetime of their banknotes in circulation.”
Ross Holliday, Chief Executive of Portals
We look forward to working further with the Banque de France to promote EverFit®. As a paper manufacturer, we know that some of our customers want their banknotes to last longer whilst still enjoying the embedded security and confidence of well-established and trusted paper technology. This long-term collaboration with the Banque de France will enable customers to combine the benefits of the security features uniquely available in cotton-based banknotes with the durability benefits of polymer – our customers really will get the best of both worlds!
More information on EverFit® can be found in the full Press Release.