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Counterfeit electronics and components representative a lucrative and very dangerous market.  It is estimated that Information Techonology (IT) companies lose $100 million to counterfeit technology products each year [1].  One company alone, Hewlett Packard, carried out over 4,620 independent investigations in 55 countries between 2005 to 2009 which resulted in seizures valued at more than $795 million in counterfeit printing supplies [2].   Equally as troubling, a report by the US Commerce Department in January 2010 reported 9,356 incidents of counterfeit electronic parts found within the defense industry, an increase of over 100 percent from the 3,868 found in 2005 [3].  Identifying fakes may be difficult for consumers - according to the US Chamber of Commerce and Gallop Organization, 64 percent of all counterfeit electrical goods are purchased at legitimate shops and retailers [4]. Finally, given the booming counterfeit electronics and components market, it is no surprise that the National Electrical Manufacturers Association estimates a $23 million loss to counterfeit batteries worldwide, with $12 million lost in the United States [5].

 

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