• YPB secures first Asian-based commercial trial for MotifMicro1 (MM1)
• Customer is security printer with over 20 years’ experience in SE Asia
• Focus is Government security and high-volume print business
Anti-counterfeit and consumer engagement solutions provider YPB Group Limited (ASX: YPB) is pleased to advise that it has secured the first Asian-based commercial trial following the global marketing release of MotifMicro1 (MM1). This follows the first trial with OpalANZ announced 8th September 2021.
MotifMicro1 is YPB’s revolutionary forensic anti-counterfeit solution readable by an unmodified smartphone. It has the potential to make ultra-secure anti-counterfeit solutions widely available in mass markets globally.
Holographic Label Sdn. Bhd. has been in the security printing industry for over 20 years and is experienced with high volume solutions in the SE Asian security printing market. This company has produced security materials for Government clients and many multinational clients. Under the commercial trial, Holographic Label will commit to pay for MM1 material to run print trials with its own printing equipment for ultra-high-volume end clients. For information please visit: http://www.holographic.asia/holo_wrdp/about-us/
Executive Chairman John Houston said: “I’m pleased and encouraged by the enthusiastic feedback from our first Australian partner for our proprietary MotifMicro1 product and delighted to have secured a well-established and respected security printer in SE Asia for our second commercial trial. I would also like to reiterate that I remain optimistic of securing further partners for further paid commercial trials.”
The key terms of the agreement are as follows:
• The agreement is between YPB and Holographic Label Sdn. Bhd (HLSB)
• The term of the agreement is 6 months with either party being able to extend the term for a further term of up to 3 years by giving 1 months notice.
• YPB grants to HLSB a licence to use MM1 on its security documents produced in Malaysia and to market and sell treated security documents with MM1 in Malaysia.
• The agreement provides a framework for HLSB to order MM1 from YPB pursuant to purchase orders. HLSB placed its first order for US$4,000 of MM1.
• YPB considers that the agreement with HLSB is material as it signifies YPB’s first agreement for the use of MM1 in Asia, which is a significant target market for YPB.
• The agreement contains other standard terms for a licensing agreement of this nature including provisions relating to the use and restrictions relating to the MM1 technology and ownership of intellectual property rights relating to MM1 being retained by YPB.
This announcement has been authorised by the Board of YPB Group Limited.
For further information please contact:
Ben Jarvis
0413 150 448
Six Degrees Investor Relations
