Australia's YPB Group jumps most in two months on first trial in South East Asia
07/10/2021 05:35
** Shares of YPB Group Ltd YPB.AX rise as much as 75% to
A$0.004, set for their best intraday session since July 29
** Smartphone authentication solutions provider secures https://www.asx.com.au/asxpdf/20211007/pdf/451d44jqd1gmnn.pdf
first agreement for commercial trial of MotifMicro1 (MM1), an
anti-counterfeit solution readable by an unmodified smartphone
** YPB's deal with South East Asia-based Holographic Label,
a security materials provider for government clients in the
region, is its first in Asia for MM1; considers Asia a
"significant target market"
** Holographic Label to pay for co's MM1 material to run
print trials on its printing equipment for high-end clients;
places first order of $4,000 for MM1
** 154.5 mln shares change hands, 18.1-times the 30-day avg
volume of 8.5 mln;
** YTD, stock has been flat as of last close
(Reporting by Aneetta Thomas in Bengaluru)
((Aneetta.Thomas@thomsonreuters.com;))