YPB Group Limited
(ASX:YPB) has been contracted to provide its proprietary VariSec technology to protect a large Southeast Asian country’s ePassports.
The contract follows those announced with a major Western nation and large African economy, accounting for approximately 16.5 million ePassports on an annual basis.
YPB now provides its VariSec technology to three countries whose collective population exceeds 440 million.
The company says it’s an excellent opportunity to increase its exposure to government agencies for its suite of anti-counterfeiting solutions.
YPB Group reported a net loss of $6.56 million at 31 December 2015.
