News and Announcements
YPB strengthens position in Government document security
- Published July 31, 2015 4:32PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
31st July 2015, ASX Announcement
Specialist security consulting business Intellectual Property Protection Co Ltd (IPP), a wholly owned subsidiary of anti-counterfeiting technology company YPB Group Limited (ASX:YPB) (“YPB, the Company”) , has signed a Memorandum of Cooperation (MOC) with Foilmakers Australia Pty Ltd (FMA) for the production, marketing and sales of three IPP products.
Under the new deal two of the three products, VariSec Foil and Mul-T-Gram (MTG), will be manufactured FMA with IPP responsible for the marketing and sales of the products. The third product, Bi-Component Security Thread, will also be marketed by IPP with manufacturing to be completed by fiber technologies.
This IPP technology has been adapted into more than 100 million e-Passports worldwide to date, generating approximately $2.5 million in revenue to date.
To read the full announcement, please click here.
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