News and Announcements
YPB Signs Military Contract in Mexico
- Published January 09, 2017 12:00AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
Brand Protection and Customer Engagement solutions company YPB Group Limited’s (ASX:YPB) joint venture with Affyrmx LLC has received its first order for Vital Records from the Mexican Armed Forces.
KEY TAKEAWAYS:
- Mexican Armed Forces places first order for supply of Vital Record Documents.
- Initial order for 10, 000 units.
- Potentially lucrative opportunity with Mexican Armed Forces.
“Despite a modest initial order of 10,000 units, this contract marks the entry into a potentially lucrative market for YPB and one not foreseen in the original business plan of the Affyrmx JV. This first contract with the Armed Forces builds on the JV’s Vital Records contracts won earlier in 2016 with four Mexican states. Mexico has 32 States and a total population of over 120 million people and the JV anticipates success with further states in 2017…”
“YPB Executive Chairman Mr John Houston said: Since commencing the Affyrmx JV in early 2016, our confidence in the Mexican opportunity has grown and we are optimistic of our Mexican JV becoming a significant business for YPB. Although modest, this first order from the militaryis a good, further step in the Affyrmx JV becoming a key supplier of a variety of Government Vital Documents to all levels and arms of Government in Mexico.”
YPB Group (ASX: YPB) is a pioneer in advanced brand protection solutions. Listed on the Australian Securities Exchange, YPB is expanding its global footprint with an established presence in Australia, China, Thailand, USA, Mexico and India.
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