The nanotechnology company IQ Structures is transforming into a holding structure
The company announces year to year revenue growth by 70 percent.
By: IQ Structures
The original brand IQ Structures s.r.o. will continue to focus on the strongest part of the group to date - protection against counterfeiting. The division dealing in unique nano-structured optics will form a new company and operate under the name IQS NANOPTIQS s.r.o. Finally, a third company developing a completely new approach to 3D nano-printing technology continues under the name IQS nano s.r.o.
"3D nano-printing, security and the optical part of our business group operate in markets with different business conditions and habits. Individual companies will now be able to enter into business relationships in accordance with the specifics of their business segments and develop independently,"
The transition to a holding structure is part of a long-term strategy, whereafter reaching a sufficient level of maturity, the direction is separated into companies that have teams and resources fully focused on their key area of business.
The company, which produces holographic security features for polycarbonate identification documents, banknotes and securities, will address its main target groups, which are governments and state and private security printers, under the brand IQ Structures. Most contracts awarded at this level are subject to a confidentiality agreement. "Currently, we provide high-end optical effects for protection of various documents and products. In securing ID cards, passports and banknotes, we want to be stable among the three largest companies in the world," explains Petr Franc, CEO of IQ Structures.
IQS Group now holds 23 patents and patent applications. Last year, the entire business group achieved a turnover of over one hundred million Czech crowns, with 70% growth. It also expects growth of at least tens of percent per year in the coming years.