Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

CODEIFAI LIMITED Capital/Financing Update 2019

Jul 28, 2019

64630_rns_2019-07-28_88e66813-095f-42bb-9934-586d4785db71.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

ASX ANNOUNCEMENT ASX:YPB | 29[th] July 2019

==> picture [127 x 51] intentionally omitted <==

YPB Group accelerates to 100 million ProtectCodes Ô issued Significant milestone for YPB’s Connect SaaS platform

29[th] July 2019 – Product authentication and consumer engagement solutions provider YPB Group Limited (ASX:YPB) (“YPB Group” or “the Company”) is pleased to announce that it has now reached the significant milestone of over 100 million proprietary QR codes, known as “ProtectCodes”, issued to existing customers of YPB’s “Connect” platform.

YPB’s cannabis and Pharma customers take adoption to over 100 million ProtectCodes Ô issued

On May 28[th] 2019 YPB announced that it had reached a milestone of 75 Million “ProtectCodes” issued, a milestone that has been reached in around 24 months from the launch of Connect. In the past 2 months, YPB’s cannabis and Pharma customers (predominantly) have accelerated the uptake to 100 million, with over 29 million codes being issued in the past 60 days.

YPB’s Connect platform (“Connect”) is YPB’s proprietary software platform. It is a monthly subscription SaaS offering and complements the product authentication ProtectCodes, sold on a per unit basis. As YPB’s product authentication markers are applied to more products, the usage and adoption of the Connect platform is growing.

The Connect platform receives data from smartphone authentication scans and provides subscribing brands with detailed portraits of their end-consumers, including location, timing and purchasing information, significantly improving the brands’ market knowledge.

YPB Group CEO John Houston said: “Reaching 75 million codes issued in May 2019 was a major milestone, and the acceleration to 100 million codes issued in only two months reveals the increasing momentum from our revamped and refocused sales efforts. This uptake of ProtectCodes and Connect validates the time and investment into our Connect SaaS platform, demonstrates the growing need for product authentication solutions and will perfectly compliment Motif Micro when that revolutionary product is released commercially before year end 2019.”

Ends.

For further information please contact:

Investor enquiries

[email protected]

Media enquiries

Julia Maguire The Capital Network M: +61 419 815 386 E: [email protected]

==> picture [480 x 44] intentionally omitted <==

==> picture [127 x 51] intentionally omitted <==

About YPB Group

YPB Group Limited (ASX:YPB) is an Australia-based product authentication and consumer engagement solutions provider. YPB's proprietary smartphone enabled technology suite allows consumers to confirm product authenticity and, for brands, that triggers consumers’ 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. Connect gathers actionable data on consumer preferences. It can then host tailored marketing campaigns directly back to the scanning smartphone.

YPB’s technology is also trusted by the world’s largest passport issuing nation to ensure the authenticity of its passports. YPB is currently focused on the rapidly growing Australian, South East Asian, and Chinese markets. Its focus is dairy, cannabis, alcohol and cosmetics where the viral growth of fake products, particularly in Asia, affects brand value and endangers consumers. To learn more please visit: www.ypbsystems.com

==> picture [480 x 44] intentionally omitted <==