A new company, STA Technologies Inc., under U.S. registration, has been set up. Upon closing, a total of 40 persons, all current CSMI staff, will continue activities in research & development, production and business development at the current Albuquerque worksite. The transaction is subject to the satisfaction of regulatory requirements and customary closing conditions.
SICPA is committed to respecting CSMI obligations concerning employees, suppliers and clients. STA Technologies will be further developed into a competence centre dedicated to material-based technologies for authentication.