YPB’s MotifMicro 1 receives FDA safety certification
Having been awarded safety certification for one of its key technologies, product authentication and consumer engagement solutions provider YPB Group Limited (ASX:YPB) has passed a critical milestone in the development of its core MotifMicro technology, a key step towards commercialisation.
YPB’s new smartphone-readable, forensic authentication mark MotifMicro 1 (MM1) has been certified as safe to FDA standards for food contact by the world leading certification company SGS.
SGS is a multinational company headquartered in Geneva Switzerland and is recognised as the world’s leading inspection and certification group.
The company tested the overall stability and food safety of inks and plastics infused with MM1 to both US Food and Drug Administration and China standards.
All results certify MM1 to Pass FDA 21CFR177.1520 and GB 4806.7-2016 food contact requirements and therefore are safe and stable for use in food packaging applications.
SGS certification is recognised globally, including by the US FDA.
This is a key technical milestone and a critical commercial milestone for the widespread adoption of the MM1 technology.
It also sets the foundations for the development of the very high value MM2 technology over 2020.
Safety certification increases likelihood of commercial success
Highlighting the significance of this development in terms of de-risking a possible barrier to commercial success, YPB Chief Executive John Houston said, “So far we have serious commercial interest in MotifMicro1 from Australia, Thailand, USA and China where we have the largest security printer as the first adopter of our MM1 technology.
‘’Commercial print trials are underway and this SGS certification of the safety of our now core authentication technology eliminates a possible barrier to its commercial success.
‘’Brands can confidently employ our authentication solutions in food packaging with this certification as to its safety.
‘’This builds on YPB’s previous food-safe physical marker certifications, growing the value of our intellectual property portfolio and demonstrating the expertise, creativity and intellect of our technical team led by Dr Paul Bisso”.
In mid-September, YPB negotiated the first supply agreement for its MM1 smartphone authentication technology with China’s leading security label supplier PanPass Inc. being the first commercial adoption of the solution.
When the experts at Next Investors have a stock pick, it may pay to listen.
The Next Investors have been investing in ASX small cap stocks for years, with their best small cap picks yielding returns of 1,200%, 1,120%, 900% and 678%.
They have just revealed their hand-picked, FY2021 stock portfolio of high conviction long-term investments.
Click the link below to see what they are currently investing in.
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.