CEO, John HoustonSource: Yahoo Finance
- Product authentication and consumer solutions provider YPB Group (YPB) has announced its China business has won two three-year supply contracts
- The first will see YPB China supply Suzhou-Haishun Packaging Material with its T2 tracer-scanner authentication solution
- Suzhou-Haishun will integrate the tracer into an advanced foil application for a pharmaceutical customer as well as promote the benefits of the technology
- This contract has a pre-determined value of at least $75,000 in revenue with potential upside
- The second contract involves YPB China supplying Beijing Haihui Printing with the T2 solution
- Haihui will integrate this into anti-counterfeiting labels for its customers
- Company shares have soared 25 per cent on the back of this news and are trading for 0.5 cents