Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Product authentication company, YPB Group (YPB) has had additional technology patents approved by the U.S. Patent Office
  • The claims extend the coverage of the company’s MotifMicro family of patents
  • Micro Motif is the company’s product authentication technology which identifies whether or not something is a counterfeit
  • YPB Group says the approval of the additional patents will help fund the development of the second generation of Micro Motif in 2020
  • Company shares are trading 7.14 per cent higher for 0.8 cents each

The U.S. Patent and Trademark Office has approved additional technology claims by product authentication company, YPB Group (YPB).

The claims extend the coverage of the company’s MotifMicro family of patents.

Micro Motif is the company’s authentication technology which scans a product and identifies whether it is authentic or a counterfeit. Smartphones can also be used to carry out the authentication.

It works in combination with the company’s ProtectCode, a hidden QR code with a unique identifier embedded on the product or packaging.

The Notice of Allowance for MIT Case No: 15231L “Rare Earth Spatial/Spectral Microparticle Barcodes for Labelling of Objects and Tissues, under US Application No.: 15/387,889” was issued on November 26 and announced to shareholders today.

The company said the allowance may help fund the development of the second generation of Micro Motif in 2020.

Furthermore, YPB Group said in a statement they believe the practice of individual product identification, or serialisation, will become common practice due to consumer demand for certified authenticity and provenance.

The company is focusing on advancing in product authentication for dairy, cannabis, alcohol and cosmetics products, particularly in Asia.

YPB shares trading 7.14 per cent higher for 0.8 cents each at 2:41pm.

YPB by the numbers
More From The Market Herald
Helloworld Travel (ASX:HLO) - CEO, Andrew Burnes

" Helloworld Travel (ASX:HLO) withdraws earnings guidance for FY20

Helloworld Travel (ASX:HLO) has joined in the travel group trend and has withdrawn its earnings guidance…

" Helloworld spends $28M on TravelEdge

Helloworld Travel will acquire the one of Australia's largest privately owned travel company, TravelEdge Group, for…

" Catalano Seafood (ASX:CSF) signs first Victorian supply agreements

WA seafood business Catalano Seafood (ASX:CSF) signs three supply agreements with its first Victorian retailers.
The Market Herald Video

" Fonterra (ASX:FSF) lifts milk price forecast and announces FY23 earnings guidance amid corporate shuffle

New Zealand-based dairy specialist Fonterra (ASX:FSF) has lifted its Farmgate milk price forecast for the 2022/23…