Signed_JOFOC_for_OVT_Acquisition_-_10yr_Redacted.pdf

This document summarizes an award notice for an optically variable thread overt security feature contract. Crane & Co. Inc. was awarded a $270 million contract by the Department of the Treasury Bureau of Engraving and Printing to provide an optically variable thread security feature for the new NXG $100 Federal Reserve Note. The optically variable thread is a specific overt security feature that was vetted and approved by the Treasury Department, Federal Reserve Board, and United States Secret Service to be incorporated into the $100 banknote. Crane & Co. submitted a full technical and price proposal on time and has a history of reliably meeting the Treasury Department's stringent requirements for this security feature. The follow-on sole-source contract has a term of ten years for ordering the optically variable thread.