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CODEIFAI LIMITED — Capital/Financing Update 2015
Feb 15, 2015
64630_rns_2015-02-15_ab564280-1b43-4b89-960f-8c327c4814f1.pdf
Capital/Financing Update
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ASX: YPB
ASX/MEDIA ANNOUNCEMENT 16[th] February 2015
YPB Group enters Supply Contract for anti-counterfeit printing solutions to Guangdong National Tax Bureau
Key points:
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YPB Group has entered a 3 year contract for the supply of its invisible tracer and scanners with Guangzhou Renmin Printing for the protection of tax invoices (Fapiao’s) for Guangdong National Tax Bureau.
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YPB Group anti-counterfeit solution will be applied to approximately 14 Million Fapiao’s in the 1[st] year of the contract.
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YPB Group’s anti-counterfeit solution was selected by the Guangdong National Tax Bureau as one of the key technology solutions for this new contract.
The Board of Anti-counterfeiting technology Company YPB Group Limited (ASX: YPB) (YPB, the Company) is pleased to announce that it has entered into a Supply Ccontract with Guangzhou Renmin Printing Co. Ltd of the People’s Republic of China (PRC) to supply YPB anti-counterfeit tracer technology to the Guangdong National Tax Bureau.
Under the contract, YPB will provide its anti-counterfeit tracer and scanner products technology to fapiaos used solely by the Guangdong National Tax Bureau to verify invoices and protect Government revenues against counterfeiting. Fapiaos are official tax invoices used in China.
The contract is a three year supply contract for YPB’s anti-counterfeit inks to be used in the printing of approximately 14 million fapiaos, in the first year of the contract. The contract was awarded to YPB after Guangzhou Renmin won a successful bid under tender conditions. Guangdong is a Province with a population of over 100 million, located in the south east of China. The National Tax Bureau requires many hundreds of million fapiaos to be printed every year. As such, this represents a significant milestone for YPB.
Guangzhou Renmin Printing Co. Ltd. is a State Owned Enterprise and a subsidiary of Guangzhou Packaging & Printing Group Co. Ltd. It holds national security printing licenses for the production of anti-counterfeit printing solutions. Its customers include, China Mobile, China Unicom, China Telecom, JD.com, Peoples Insurance Company of China (PICC), Industrial & Commercial Bank of China (ICBC) and Guangdong Municipal Public Security Bureau.
YPB Executive Chairman and CEO Mr. John Houston said:
“We are very excited to enter into this initial supply agreement with Guangzhou Renmin Printing, confirming the growing need for YPB anti-counterfeit solutions in China. Fourteen million fapiaos will be printed under this contract in the first year, and the contract potentially opens the way for many other China provincial and State Governments to adopt YPB’s technology in protecting documents and thereby protecting Government revenues against counterfeiting.“
For further information please contact;
Mr. John Houston Mr. Robert Whitton CEO Director and Company Secretary YPB Group Limited YPB Group Limited T: +61 458 401 088 T: +61418962212 E: [email protected] E: [email protected]
Media and Investor Inquiries James Moses Media and Investor Relations Mandate Corporate T: +61 420 991 574 E: [email protected]
About YPB Group
YPB Group (ASX: YPB) in Chinese means “you pin bao” or in English “excellent brand protection” and is an anticounterfeiting technology developer and provider. YPB has a unique, cost effective, invisible and indestructible anti-counterfeit solution that allows companies and governments to protect the value of their brands and minimise loss of earnings from counterfeiting. YPB and is certified and licensed in The People’s Republic of China.
YPB Group’s core products include;
Covert Forensic Tracers – Patented, these are hidden, invisible particles fused into a product or packaging during or after the manufacture process. The Tracers are inexpensive can be used in all key product manufacturing and packaging industries including plastics, paper, inks, textiles and coatings. They cannot be seen or removed, are non-toxic and meet Food Contact specifications. They consist of infrared, UV light energy and X-ray sensitive particles detectable by YPB’s scanner technology.
YPB owns two patents over its Tracer products and is the only Company currently licensed in China that supplies invisible tracers.
Scanner – YPB’s proprietary scanner detects YPB’s forensic Tracers, they are low cost and can be used at any point in the supply chain – from manufacture through to point-of-sale.
Brand Reporter – A Patent Pending technology platform designed for Governments, Brands and consumers to identify, manage, track and report counterfeit of divergent products within supply chains or at point of sale in a simple and easily deployed application suite available on all popular smartphones.