Testament of confidence: YPB locks in $1M in funding from its own top dog

YPB Group’s (ASX:YPB) founder John Houston will pay himself $20,000 for the provision of a $1m loan facility to his own anti counterfeiting tech company, YPB Group. 

Under a “reference NAB facility rate plus 9%” interest, YPB Group will also give the consideration to Houston, as well as 200m options at half a cent each. The loan facility is on a twelve month term. 

If that seems like a strangely messy affair to you, you’d be forgiven for thinking so. But at the end of the day, it’s hard times for microcaps of all flavours, and especially niche market players like YPB group. 

Anti counterfeit app on major app stores 

Back in August, the company saw its low-cost anti-counterfeit disruptor product MotifMicro hit major app stores. 

MotifMicro is a YPB-owned solution which can detect phosphor in the form of ‘invisible ink’ applied to products to guarantee legitimacy. Phosphor glows green under UV light, but is otherwise invisible to the naked eye.

The big takeaway: YPB Group sells phosphor inks to business consumers for use on the manufacturing line, where the phosphor (or invisible ink, if you will,) acts as a maker’s mark. 

This could be utilised by retail consumers double checking they’ve really ordered what they paid for, but YPB Group is more interested in turning its AI-supported solution to B2B applications. 

YPB Group is ultimately reducing the cost of UV scanners for industry, with workers set to be able to use handheld devices, which the company is optimistic will lower costs, and reduce the incidence of counterfeit onselling. 

Penetrating South Korea 

Back in June, the company made its first ever inroads into the South Korean market. 

The company announced execution of the first sale of its ProtectCode product to South Korea, with Scranton Limited taking the tech package on board. 

Scranton has purchased YPB's ProtectCode with an anti-copy feature embedded into the software package. 

Scranton Limited is an importer, distributor and sales agent in Korea handling the trade of plastics, chemicals, and end products, often selling to cosmetics, packaging and chemicals companies.

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