News and Announcements
YPB Secures First Order from Affyrmx Joint Venture
- Published February 19, 2016 11:48AM UTC
- Publisher Wholesale Investor
- Categories Company Updates
19th February 2016, ASX Announcement
YPB Group Limited (ASX:YPB) has secured its first revenue producing order flowing from the recently announced Joint Venture (JV) with Affyrmx Group, with YPB to provide an initial order for high security vital record documents to the state of Jalisco, Mexico.
The maiden contact with Affyrmx is a key milestone for YPB and manaement believe these orders will provide a strong and recurring revenue stream from annualised repeats of this initial contract and others that are currently being tendered including but not limited to visas, vital records in other States, ID cards and financial instruments including currency for Latin America.
The recently announced JV with Affyrmx LLC, based in Atlanta, Georgia, has a six year duration and is an exclusive supply agreement whereby YPB will fulfil all security document contracts in Mexico secured by Affyrmx.
To read the full announcement, please click here.
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