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- YPB Group’s (YPB) smart authentication solution, Connect, has been printed on Nature One Dairy’s milk powder tins under an agreement signed last year
- The initial contract is valued between $70,000 and $80,000 to cover 17 stock keeping units (SKUs) of Nature One Dairy
- YPB expects revenue to continue to grow after the first successful deployment of products
- Pleasingly, the first products have now been exported and are on supermarket shelves across Australia-wide Coles and Priceline stores
- YPB’s shares have soared 50 per cent and are trading at 0.3 cents each
YPB Group’s (YPB) smart authentication solution, Connect, has been printed on Nature One Dairy’s milk powder tins under an agreement signed last year.
The first products have now been exported and are on supermarket shelves across Australia-wide Coles and Priceline stores.
Nature One Dairy (NOD) is YPB’s first dairy sector customer. It produces nutritional milk powders for a number of Australian and international retailers.
Its factory is also one of the few Australian milk formula manufacturers that is accredited by the Certification and Accreditation Administration (CNCA) of China for export to that country.
Last year, the companies signed a sales contract and agreement. Under the agreement, YPB provides NOD with its smartphone-based, consumer engagement and authentication solution, Connect.
Not only does Connect create smart product packaging, it’s a trusted global solution used to ensure the authenticity of passports.
The initial contract is valued between $70,000 and $80,000 to cover 17 stock keeping units (SKUs) of Nature One Dairy. However, YPB aims to secure more revenue-producing SKUs following the first deployment by implementing Connect across NOD’s packaging.
“The first Connect code application under our MSA with Nature One Dairy is a significant milestone for YPB and shows that Connect can seamlessly integrate into existing supply chains and provide immediate benefit to our partners, plus consumers will be able to scan the product on Coles and Priceline shelves,” YPB CEO John Houston said.
YPB’s shares have soared 50 per cent and are trading at 0.3 cents each at 3:36 pm AEST.
