News and Announcements
YPB commences supply to Chinese table salt packaging industry
- Published July 15, 2015 10:15AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
14th July 2015, ASX Announcement
Highlights:
- YPB supplying invisible tracer and scanners for the protection of up to one billion salt packages for China National Salt Industry Corporation (CNSIC)
- A$325,000 per annum potential revenue
- Approximately 126 million labels already completed
Anti-counterfeiting technology company YPB Group Limited (ASX:YPB) (“YPB, the Company”) has commenced supply of its tracer technology to China’s largest salt label printing company with an initial focus on provincial table salt manufacturers.
Under the supply contarct with the label printing Company on behalf of China National Salt Industry Corporation (CNSIC) one billion labels will be printed with YPB’s anti-counterfeiting technology per annum. To date YPB has already has already completed 126 million labels.
YPB estimates potential revenue from the contract to be A$325,000 per annum and it expects to reach this in CY2016. In addition, the Company expects this supply contract will run for three (3) years.
To read the full announcement, please click here.
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