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News and Announcements

YPB Extends e-Passport Agreement

  • Published August 17, 2016 2:45PM UTC
  • Publisher Wholesale Investor
  • Categories Company Updates

16th August 2016, ASX Announcement

Brand Protection and Customer Engagement solutions company YPB Group Limited (ASX: YPB) has exercised the option to extend the Memorandum of Cooperation (MOC) with Foilmakers Australia Pty Ltd (FMA) relating to the application of proprietary VariSec technology to e-Passports.

Singed in July 2015, the first year of the agreement has resulted in four order including re-orders for YPB’s VariSec technology, to be applied to newly issued e-Passports for both first world and emerging economies. Continued orders are expected over the next 12 months.

YPB’s VariSec technology has now been applied to three countries’ e-Passport in a marketplace where an estimated 125 million new e-Passports in a marketplace where an estimated 125 million new e-Passports are issued annually.

To view the full announcement, please click on the button below.

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