The passport is an e-passport and around 10,000 applications for new Thai Passports are received each day. This particular order is of modest financial significance to YPB.
Nevertheless, the order reflects YPB's expanding presence in the ASEAN region for Passports and Vital Government Document protection with a number of countries in the region currently testing and trialling YPB's passport technology.
This security paper order, is an additional component to YPB's passport protection solutions with the Company's VariSec passport technology contracts continuing into a 3rd year, with regular reorders from its established customers.
YPB Executive Chairman John Houston said: "This new order for the Thai Passport builds on our strong Government relationships in Thailand and our reputation for protecting Goverments against counterfeit Vital Government Documents. The current global climate of increased terrorism across the world means goverments are speeding up efforts to protect passports and other travel related documents."
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, and Mexico.
YPB's patented Anti-Counterfeit technology combined with its Security Packaging and Anti-Theft 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