Fourth Order from Affyrmx Joint Venture, Securing Mexican High Security Vital Record Document Order
Sydney, June 9, 2016 AEST (ABN Newswire) - YPB Group Limited (
ASX:YPB) has secured its first high security vital record document order from one of Mexico's largest States. With the initial supply of 395,000 documents this is an important step toward the goal of securing all of the state's annual supply of an estimated 5 million documents.
As one of the most populous of the 32 federated entities of Mexico, this is a particularly significant target for YPB's Government vital documents business.
This order is now the fourth state in four months to entrust the supply of its critical vital record documents to YPB's joint venture (JV) with Affyrmx LLC. The early successes of the JV, subsequent to its February 2016 launch, encourage optimism that it can achieve the ambition of becoming the leading supplier of a comprehensive range of Government vital documents to the Federal and State Governments of Mexico and its 130 million citizens.
YPB Executive Chairman John Houston said: "We are delighted to have been selected again to provide our vital documents solution. While still in its infancy, vital record documents within our Government business division is developing into a consistent and growing revenue stream, which we expect to not only be a substantial profit contributor but also enhances YPB's reputation as a trusted source of document security solutions to the highest levels of Government."
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