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YPB Group Limited (ASX: YPB) is involved in the sales and development of anti-counterfeiting technology. It was officially listed on ASX in March 2005. On 28th May 2019, the company, by release, updated investors about the increasing adoption of YPBâs proprietary QR codes, also known as ProtectCodes. The adoption of ProtectCodes has fast-tracked in recent months and has achieved a milestone of 75 million codes issued.
The consumer scans the QR codes for verifying the originality of the product. In addition, the scanning process generates a prospect for the brand to communicate directly with their end customer via the companyâs Connect Platform. Connect Platform is YPBâs own software platform, which is sold to the customers as a SaaS offering. The connect platform collects data from consumer scans and offers subscribing brand with detailed information on consumer behaviour patterns, which includes timing, location and other purchasing information, which is a substantial value-add to the YPBâs market knowledge.
The connect platform and codes are being sold on a monthly subscription and a per unit basis. PT Combiphar, a pharma giant, is the largest user of the companyâs connect platform. The Cellmid as well has adopted the companyâs technology to protect its rapidly increasing évolis® product range.
In another recent update dated May 27, 2019, YPB reported that one of the leading woven garment manufacturer in the word, Esquel has added the companyâs anti-counterfeit tracer. Subsequent to the successful trials from its previous samples, Esquel has responded to demand from its Household Name brand clients to add anti-counterfeit fiber in its clothing labels. The gross revenue from the initial order of anti-counterfeit fiber from Esquel for the period stood at RMB 100,000 (A$21,000). YPB Group Limited is expecting further orders based on unit volumes and is optimistic that other well-known Esquel brand clients would incorporate YPBâs AC fibers to protect against counterfeiting.
The Annual General Meeting of the company will be conducted on 17th June 2019 at Sydney. The companyâs agenda during AGM include receiving and considering the financial statement, adoption of directorâs remuneration report, approval of additional capacity to issue shares, ratification of prior issue of shares to Paul Bisso And Patrick Doyle, election of Mr Phillip Wade as Director, approval to issue shares in lieu of Directorâs Fees, Mr George Su, (4,000,000), approval to issue shares in lieu of Directorâs Fees, Mr Gerard Eakin (4,000,000, Approval of issue of New Shares to Everblu Capital Pty Ltd For services rendered to the company (5,000,000) and approval of issue of new shares to S3 Consortium Pty Ltd for services rendered to the company (3,800,000).
At market close on 28th May 2019, the stock of YPB was trading flat during the dayâs trade at $0.008 per share, with a market capitalisation of $7.34 million. Today, it reached dayâs high at $0.008 and dayâs low at $0.007, with a daily volume of 12,855,000. Its 52 weeks high price stands at $0.038 and 52 weeks low price at $0.006, with an average volume of 3,376,337 (yearly). Its absolute returns for the past three months and one month are -5.88% and 33.33%, respectively.
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