Authentication software developer YPB Group (ASX:YPB) has secured its fourth paid commercial trial for its anti-counterfeit solution, MotifMicro1.
MotifMicro1 (MM1) is a multi-patented and high security app that enables smartphones and other devices to authenticate consumer items.
The commercial trial partner, Manipal Technologies, is a leading government technology supplier in India.
Under the paid commercial trial, Manipal will use MotifMicro1 to run print trials for a variety of applications for ultra-high-volume clients. The key terms of agreement include:
Term: 90 days
Revenue: Trial range (<$10,000)
YPB said it considers the agreement to be material as it “signifies the first MM1 paid trial in the highly prospective India market with a highly respected and established party.”
If Manipal proceeds beyond the trial period, a follow-on agreement would be entered, which would be considered more meaningful.
“Manipal’s deep expertise in secure solutions again highlights the uniqueness of our technology and the potential leverage of our channel partner strategy to drive rapid market access for MM1,” commented Executive Chairman John Houston.
Finance Writer & Social Media
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