Manufacturers, distributors and retailers are seriously affected by counterfeit products for decades. According to the new research from MarkMonitor, the world leader in enterprise brand protection, has revealed that almost half (47%) of brands lose sales revenue to counterfeit or pirated goods, with one in three reporting a loss of more than 10% in 2018. Reducing the risk of being targeted by counterfeiters ultimately requires each company to develop and implement a formal brand protection program that addresses its unique requirements and vulnerabilities.
Our product, Micro Security Code Brand Protection System (MSCBPS), is not only mitigating the risk of counterfeit products, but also using the latest industry 4.0 technology in order to perform digital manufacturing. We are honored to announce that our system was selected by the Judging Panel of the Hong Kong Awards for Industries (HKAI) Scheme as the Equipment and Machinery Design Merit Winner.
“The Hong Kong Awards for Industries” Scheme is fully supported by the HKSAR Government and is an important annual event in Hong Kong’s trade and industry circle. The objective of the competition is to encourage the upgrading of the design of equipment and machinery in Hong Kong so as to enhance industrial competitiveness, and to give recognition to outstanding products.