YPB gains second early adopter of its key MotifMicro technology
Product authentication and consumer engagement solutions provider YPB Group Limited (ASX:YPB) today announced it has signed a second early adopter of its high security, smartphone readable, authentication technology MotifMicro.
OPP Gravure Printing Co Ltd has signed a six month early adopter agreement to explore product innovation and the commercialisation of MotifMicro with its customer base in Thailand and South-East Asia. This initial six month contract has to potential upgrade to a three year licence term.
OPP Gravure is a leading printer in Thailand with a range of domestic and multi-national consumer brands producers, such as Kelloggs as customers, and with specialisation in industries such as food packaging, pharma, personal care products and vehicle spare parts.
This agreement contemplates a further three year licence agreement at the end of the adopter term or at OPP’s request, including an upfront licence fee, supply fee on a per unit basis and a minimum order quantity.
The contract is expected to produce revenue in the first quarter of 2020 from the six month early adopter agreement with customers charged on a per unit basis, leveraging contract revenues to OPP’s client’s production volumes of around 250 million items per annum. However, at this stage it is too early to predict revenues.
OPP’s particular expertise is in PVC products and shrink wrap with its output applied to approximately 250m units of its customers’ production per annum. YPB’s recent creation of a high security, smartphone readable shrink wrap was in collaboration with OPP at its Bangkok plant. MotifMicro was successfully incorporated into a shrink-wrap production line under high volume production line conditions.
YPB believes this to be the world’s first high security, smartphone readable PVC shrink-wrap product of its kind. This early adopter program with OPP follows the September 2019 agreement with China’s leading security label producer, PanPass Inc, as the first early adopter of MotifMicro, and the certification of MotifMicro as meeting FDA food contact specifications by Switzerland’s SGS.
YPB Group CEO, John Houston, said: “This second partnership so soon after MotifMicro’s successful achievement of high functionality under “real world” conditions reflects the uniqueness and commercial potential of MotifMicro. It also strengthens our route to market in Thailand and SE Asia with a capable, innovative and widely respected partner.”
Short-term positions in small, early stage ASX companies,
with high potential and near term price catalysts.
Focusing on resource exploration, early-stage tech, and biotech.
Exceptional opportunities across a broad range of
early-stage growth sectors with strong management.
Seeking 1,000% plus returns across medium to long-term holds.
Longer-term positions in a variety of sectors.
Seeking strong management where traction is established and have entered into a growth phase.
S3 Consortium Pty Ltd (CAR No.433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information only. Any advice is general advice only. Neither your personal objectives, financial situation nor needs have been taken into consideration. Accordingly you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice.
Conflict of Interest Notice
S3 Consortium Pty Ltd does and seeks to do business with companies featured in its articles. As a result, investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of this article. Investors should consider this article as only a single factor in making any investment decision. The publishers of this article also wish to disclose that they may hold this stock in their portfolios and that any decision to purchase this stock should be done so after the purchaser has made their own inquires as to the validity of any information in this article.
The information contained in this article is current at the finalised date. The information contained in this article is based on sources reasonably considered to be reliable by S3 Consortium Pty Ltd, and available in the public domain. No “insider information” is ever sourced, disclosed or used by S3 Consortium.