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.
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