JDSU's Santa Rosa-based optical division saw sales grow almost 3 percent to $58.3 million in the third quarter, driven by demand for its anti-counterfeiting technology, the company said Wednesday.
Revenue from the division's currency pigment business has increased more than 7 percent since last year, CEO Tom Waechter told Wall Street analysts.
The United States and more than 100 other countries use JDSU's color-shifting pigments to print their currencies. The technology is designed to make it simple to identify real currency and discourage counterfeiting.
JDSU said it is rolling out a new printing process with a magnetic feature that makes currency even harder for counterfeiters to duplicate.
JDSU's Santa Rosa division also develops authentication technology for the pharmaceutical industry, which faces a rising tide of phony drugs sold on the Internet.