YPB to further protect Thai Passports

  • Date: 12th September 2017
  • Category: Investor News
  • Origin: YPB

Brand Protection and Customer Connection solutions company YPB Group Ltd (ASX: YPB) is pleased to announce it will supply the Government of Thailand with security paper for the new Thai Passport.

The passport is an e-passport and around 10,000 applications for new Thai Passports are received each day. This particular order is of modest financial significance to YPB.

Nevertheless, the order reflects YPB’s expanding presence in the ASEAN region for Passports and Vital Government Document protection with a number of countries in the region currently testing and trialling YPB’s passport technology.

This security paper order, is an additional component to YPB’s passport protection solutions with the Company’s VariSec passport technology contracts continuing into a 3rd year, with regular reorders from its established customers.

YPB Executive Chairman John Houston said: “This new order for the Thai Passport builds on our strong Government relationships in Thailand and our reputation for protecting Governments against counterfeit Vital Government Documents. The current global climate of increased terrorism across the world means governments are speeding up efforts to protect passports and other travel related documents.”