News and Announcements
YPB Secures 14 million Unit Reorder for VariSec Passport Solution
- Published May 03, 2016 4:09PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
3rd May 2016, ASX Announcement
Highlights:
- Reorder of YPB’s VariSec technology for a major first world economy
- Total gross revenue approximately A$500,00
- YPB’s Government Vital Documents business rapid growth continues
YPB Group Ltd (ASX:YPB) is pleased to announce that it has received a further order for its proprietary VariSec technology to apply to approximately 14 million ePassports in a deal that is expected to generate A$500,000 gross revenue.
The reorder of the technology is for a major first world economy which previously ordered VariSec technology in October 2015. It is estimated that these new passports will be issued in the next six months.
The reorder of VariSec from the major first world western economy highlights the reoccurring nature of the market for securing passports. YPB expects the country to place a third order for the technology in the latter months of 2016.
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