- Anti-counterfeit and consumer solutions provider YPB Group (YPB) recevies a patent from the China Patent Office (SIPO) for its technology
- This patent provides coverage over technologies that employ a mobile device to determine the presence of a security tracer by using a smartphone
- The patent provides further coverage to MotifMicro which is YPB’s smartphone-readable anti-counterfeit technology that reads authentication marks on flat and curved surfaces
- Further, the patent adds to the US patent granted in October and provides additional validation of YPB’s technology
- YPB Group is up 20 per cent on the market with shares trading at 0.3 cents each
Anti-counterfeit and consumer solutions provider YPB Group (YPB) has been granted a patent from the China Patent Office (SIPO) for its technology.
This patent provides coverage over technologies that employ a mobile device to determine the presence of a security tracer by using a smartphone.
It provides further coverage over YPB’s anti-counterfeit solution, MotifMicro.
MotifMicro is YPB’s multi-patented, high security, smartphone-readable, anti-counterfeit technology which is invisible to the naked eye.
It can read authentication marks on both flat and curved surfaces, making it accessible to a wide range of products.
Since launching MotifMicro1 in mid-2021, YPB has signed trial agreements with Opal ANZ, and Holographic Label.
Further, this patent adds to the US patent granted in October 2021 and provides additional validation of YPB’s smartphone anti-counterfeit technology.
Executive Chairman John Houston called the grant of this patent a significant milestone for the company.
“This second smartphone related patent grant in 2021 is a further critical milestone for YPB. It confirms to shareholders the uniqueness of YPB’s ground-breaking lead in smartphone-based anti-counterfeit technologies,” Mr Houston said.
“Obviously, the scale of this opportunity is vast and more than underwrites the carrying value of our key balance sheet asset MotifMicro.”
YPB Group was up 20 per cent on the market with shares trading at 0.3 cents each at 12:17 pm AEDT.