--The below is a company-sponsored announcement--
Having raised
This week, YPB announced that its
Combined, the two contracts are expected to add first-year revenues of around
YPB's proprietary Brand Protection and Consumer Engagement suite allows Government and Brands to protect their assets and their consumers to confirm product authenticity; for brands, it can trigger consumer engagement.
The combination of YPB's smartphone authentication solutions and its SaaS Connect platform creates 'smart' product packaging, opening cost-effective, digital and direct marketing channels between brands and their consumers.
In fact, the company reported it had made excellent strides during the last quarter despite COVID issues relating to its progress with regard to the development of Android for Motif Micro (MM) as part of the new generation MM app.
These strides include the blossoming of its focus on the
Three-year contract could open up pharma market
YPB China has signed a three-year contract to supply
In a unique product innovation, Suzhou-Haishun will incorporate YPB tracer into an advanced foil application for a pharmaceutical customer in
YPB will supply its proprietary tracer and scanners with minimum annual take or pay conditions, and with additional incentives for increased volume.
Suzhou-Haishun will promote the brand and consumer protection benefits of YPB's solutions more broadly to its customers, and management anticipates growth beyond the contracted minimum value over time.
The group has a portfolio of major clients domestically and globally and is certified by the
The contract has a minimum total contract value of
Beijing Haihui Printing also on board
A second three-year supply contract has been signed with
The group specialises in the technical research and development, design and printing services of self-adhesive label identification, anti-counterfeiting label identification and various composite label identification.
Revenues will be based on purchase orders.
Commenting on the significance of these developments, particularly in light of the company's revised sales strategy in
"Over the past ten months, YPB China has developed new channel partnerships in a number of large and lucrative sectors.
"We are now better at demonstrating the value, relevance and simplicity of our forensic tracer-scanner solution.
"The fact that major intermediaries are staking their own reputations by offering YPB's solutions to secure product authenticity for their customers' products is proving that there is indeed a significant market for high-quality anti-counterfeit solutions.
"We've always had great technology, and after years of toiling we are now creating an effective sales machine."
Indeed, YPB is steadily building a base of longer-term contracts and with strong client management, the group can generate repeat orders and recurring revenues.
Despite market conditions, YPB's
The potential to generate additional revenue streams in
Sound channel management is expected to result in revenue growth and ultimately a profitable
Earlier today the corporate announcement above was publicly released. FNArena is acting as a partner in distribution to broaden the reach. No journalists have been involved in the re-publication of this announcement.
Technical limitations
If you are reading this story through a third party distribution channel and you cannot see the illustration included, we apologise, but technical limitations are to blame.
FNArena is proud about its track record and past achievements: Ten Years On
All material published by
© 2020 Acquisdata Pty Ltd., source