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2021-01-12 by Proactive
YPB Group Ltd (ASX:YPB) has secured a three-year take-or-pay contract with China s Zhongneng CIC International Import and Export Trade Co Ltd valued at around A$600,000 for the use of the T2 Tracer-Scanner product.
Zhongneng CIC will deploy the T2 Tracer-Scanner into anti-tamper and anti-counterfeit packaging for its customers in the tobacco, liquor and pharmaceutical industries.
This is an important contract win for the product authentication and consumer engagement solutions provider, and the highest minimum annual value contract secured in China to date.
Other sectors being identified
YPB group chief executive officer John Houston said: This contract with Zhongneng CIC is a great example of the revenue and customer base we are now building in China - long-term contracts that deliver recurring and predictable revenue streams with large and respected entities that have scope for further growth.