Second Major Chinese Bank Adopts YPB Anti-Counterfeiting Technology
Sydney, Oct 12, 2015 AEST (ABN Newswire) - Anti-counterfeiting technology company YPB Group Limited (
ASX:YPB) has been selected to provide its tracer and scanners to one of China's largest national banks.
Highlights:
- YPB signs second major Chinese bank printing deal
- Major Chinese bank with 1,300 branches nationally - Fortune Global 500 company
- In conjunction with its Chinese security printing partner YPB will provide its invisible tracer and scanners for use on bank documents
- New customer attracted to YPB's high security low cost per application solution
The second major banking customer to implement YPB's anti-counterfeiting solution. The bank is one of the largest National Banks in China with more than 1,300 branches and total assets of RMB 4.6 trillion. It is recognised as one of the Fortune Global 500 enterprises and has been named in Banker magazine as one of the world's top 50 banks.
The new customer adds further validation of YPB's anti-counterfeiting solutions and the potential for further applications within the banking system in China and elsewhere. The bank chose YPB's solution as it provides high security whilst being cost-effective per application, protecting the bank and its customers against possible counterfeit and associated financial damages.
There are approximately 15 national banks plus more than 30 provincial banks across China comprising an estimated 800,000 branches. YPB is confident to further expand its footprint as a strategic partner in anti-counterfeit solutions for financial institutions across China following the adoption of its technology by two national banks in the past 2 months.
YPB CEO John Houston said: "We are delighted this prestigious bank is using YPB's anti counterfeit technology to protect its valuable documents and provides further validation of our solutions integrity and our focused customer centric approach ensuring tailor made solutions to meet our partners' needs. There is a surge of interest and adoption of solutions such as YPB's that protect, detect and connect, not only in China but globally. More and more brands, financial institutions and governments are realising the need to protect against counterfeit, allow simple detection and therefore connect with customers using cost-effective solutions that work."
To view the release, please visit:
http://media.abnnewswire.net/media/en/docs/ASX-YPB-884286.pdf
About YPB Group Ltd
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