News and Announcements
YPB Company Update July 2016: MOU with Orora Ltd, India Launch, Mexican Vital Government Documents
- Published August 02, 2016 8:20PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
29th July 2016, ASX Announcement
YPB Group Limited (ASX:YPB) is pleased to provide a summary of activities for the quarter ended 30 June 2016.
The quarter saw further progress in the commercialisation of YPB’s unique suite of technologies with key achievements including:
- Singing a binding MOU with Orora Ltd, a global packaging solution provider to the food and beverage industries, to provide YPB’s full suite of technologies to Orora’s customers. The MOU will advance to a supply agreement which is currently in final documentation stage.
- Through the Affrymx joint venture focusing on Mexican Vital Government Documents, YPB has now secured four contracts for the supply of vital records in Mexico. The most recent order, for 395,000 viral record documents, was placed by one of Mexico’s most populous states and represents a key milestone for YPB as it aggressively pursuers the vital record business for Mexico’s 120 million citizens.
- A new customer in Southeast Asia secured for the VariSec ePassport technology, with an existing customer placing a 14 million unit re-order. YPB Varisec is now supplied to 18 million of the 125 million e-passports issued annually.
- Launch of YPB in India after a Joint Venture with cricket legend Sachin Tendulkar’s team was signed as part of a ten year agreement.
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