YPB Group Ltd. (AU:YPB) has released an update.
YPB Group Ltd has secured a significant order for 2 million codes from Ecocan Recycling Company in Kenya, reaching the Year 1 minimum quantity and matching 7% of YPB’s 2023 revenues. This initial order under a 3-year contract utilizes YPB’s ProtectCodeTM technology to ensure authenticity in recycling schemes, signifying a major move in combating redemption fraud. The deal underscores the global shift towards sustainable packaging practices and the potential growth for YPB’s anti-fraud solutions.
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