Supply to Chinese Table Salt Packaging Industry Commences
Sydney, July 14, 2015 AEST (ABN Newswire) - Anti-counterfeiting technology company YPB Group Limited (
ASX:YPB) has commenced supply of its tracer technology to China's largest salt label printing company with an initial focus on provincial table salt manufacturers.
Highlights:
- YPB supplying invisible tracer and scanners for the protection of up to one billion salt packages for China National Salt Industry Corporation (CNSIC)
- A$325,000 per annum potential revenue
- Approximately 126 million labels already completed
Under the supply contract with the label printing Company on behalf of China National Salt Industry Corporation (CNSIC) one billion labels will be printed with YPB's anti-counterfeiting technology per annum. To date YPB has already completed 126 million labels.
YPB estimates potential revenue from the contract to be A$325,000 per annum and it expects to reach this in CY2016. In addition, the Company expects this supply contract will run for three (3) years.
The China provincial salt inspectors will use YPB's tracer and scanner technology to verify salt labels and protect the health and safety of consumers against counterfeit salt, which can be poisonous.
China National Salt Industry Corporation (CNSIC) is China's largest state-owned enterprise of salt producers and suppliers. Its annual output has reached approximately 12 million tons, of which approximately one-third is table salt.
The contract potentially paves the way for many other provincial salt label printing companies to adopt YPB's technology in protecting Chinese salt consumers against counterfeiting.
"This is yet another substantial market where we expect to make a large impact," said YPB Group CEO John Houston.
"Recent press in the South China Morning Post and Hong Kong Free Press has revealed the capture of salt counterfeiters, confirming the growing need for YPB's technology in the Chinese salt market."
To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-YPB-867352.pdf
About YPB Group Ltd
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