- YPB has received an order to supply forensic equipment to The Bank of Thailand
- Order demonstrates YPB's growing presence in the Asian anti-counterfeit market
The Bank of Thailand is headquartered in Bangkok, Thailand, and is Thailand's Central or Reserve Bank.
The Bank of Thailand is responsible for currency printing, control and anti-counterfeit measures for the Thai Banking System.
This builds on YPB's relationship with The Bank of Thailand where our technology was previously used in the Thai 100 Baht note resulting in production of over 30 million units.
Given the high security nature of the equipment and transaction, financial details are confidential, although the equipment will be delivered in Q2 2017.
John Houston, Executive Chairman of YPB Limited, said: "We are honoured to be extending our relationship with The Bank of Thailand.
It highlights the importance of Forensic Equipment in a rapidly growing Asian Market and the Thai Government's commitment to fight counterfeiting.
Governments throughout Asia are realising the burden and loss of revenue that counterfeit and the black economy place on developing economies and YPB's solutions certainly have a valuable role in protection."
About YPB Group Ltd
YPB Group Ltd (ASX:YPB) is a pioneer in advanced brand protection solutions. Listed on the Australian Securities Exchange, YPB is expanding its global footprint with an established presence in Australia, China, Thailand, USA, Mexico and India.
YPB's patented AntiCounterfeit technology combined with its Security Packaging and AntiTheft solutions, Consulting Services and YPB's proprietary CONNECT platform enables clients to PROTECT their high value brands from the risks of counterfeit, product diversion and theft while providing the tools to CONNECT directly with their customers.
YPB Group Ltd