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- YPB Group (YPB) has seen its share price jump 50 per cent after securing a supply contract with electronic cigarette and vaporiser manufacturer Kingtons Technology
- Founded in 2009 and based in Shenzhen, Kingtons focuses on the research, design, development, manufacturing and marketing of electronic cigarettes
- Under the three-year agreement, YPB will incorporate its T2 tracer nano material into Kingtons e-cigarette and vape hardware to allow for the easy detection of fake hardware
- YPB’s T2 tracer can be incorporated into products such as ink, plastics, paper and varnish to detect whether a product is counterfeit or not
- Shares in YPB are still up 50 per cent and are trading at 0.3 cents
YPB Group (YPB) has seen its share price jump 50 per cent after securing a supply contract with electronic cigarette and vaporiser manufacturer Kingtons Technology.
Founded in 2009 and based in Shenzhen, Kingtons focuses on the research, design, development, manufacturing and marketing of electronic cigarettes.
It exports to customers in Europe and North and South America and is an original equipment manufacturer (OEM) supplier to partners in Europe, Africa, Asia and North America.
Under the three-year agreement, YPB will incorporate its T2 tracer nano material into Kingtons e-cigarette and vape hardware to allow for the easy detection of fake hardware.
YPB’s T2 tracer can be incorporated into products such as ink, plastics, paper and varnish to detect whether a product is counterfeit or not.
YPB is the only licensed company in China that supplies invisible tracers, whcich the company said highlights that its technology is still relevant in high-volume supply chains.
In each of the 12 months, Kingtons must purchase a minimum of RMB280,000 (A$58,254) of tracer master batch and RMB10,000 (A$2080) of T2 scanners.
If the minimum purchase order is not met, it must be purchased within seven days of the end of the year.
YPB CEO John Houston is excited by the contract as the company enters a new market.
“Entering such a dynamic new market as e-cigarette and vape hardware is very exciting. The industry is large, growing rapidly and has major counterfeit issues,” Mr Houston said.
“I’m also pleased to demonstrate that our foundation products and derivatives are still highly relevant to very large markets that are only just beginning to adopt anti-counterfeit solutions.”
Shares in YPB were still up 50 per cent and were trading at 0.3 cents at 12:20 pm AEDT.
