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YPB Group Limited wins ePassport contract

NEWS: NZ Security, Dec 2015/Jan 2016

Australian listed brand protection solutions company YPB Group Limited has been contracted to provide its proprietary VariSec technology to a significant Southern African country. This follows YPB’s recent contracting by a major first world economy to supply the VariSec technology for application in 15 million ePassports.

The technology was developed by YPB’s recently acquired subsidiary Intellectual Product Protection (IPP), and the recent contract win is seen as strong validation of the purchase. It also substantially increases YPB’s penetration into the area of ePassport security.

The VariSec technology can be customised or individualised to suit different government’s uses and specifications. “We are building momentum in government document security as evidenced by these orders in recent weeks”, commented YPB CEO and Executive Chairman John Houston.

“As previously stated this is an excellent opportunity for YPB to gain increased exposure to government agencies for our entire suite of anti-counterfeiting solutions. We are continuing to develop products that will assist governments and businesses and these recent deals for VariSec are a great advertisement for us that should lead to wider acceptance of our solutions.”

ICAO’s Technical Advisory Group on machine-readable travel documents (MRTD) published an information paper in January 2013 on ePassports worldwide disclosing that 101 states and economies issue ePassports; an estimated 489,522,100 ePassports have been issued worldwide; and an estimated 483,929,100 ePassports are currently in circulation. 

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ICAO: an estimated 489,522,100 ePassports have been issued worldwide; and an estimated 483,929,100 ePassports are currently in circulation. 

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