YPB’s MotifMicro 1 receives FDA safety certification
Published 15-NOV-2019 09:08 A.M.
|
2 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
Having been awarded safety certification for one of its key technologies, product authentication and consumer engagement solutions provider YPB Group Limited (ASX:YPB) has passed a critical milestone in the development of its core MotifMicro technology, a key step towards commercialisation.
YPB’s new smartphone-readable, forensic authentication mark MotifMicro 1 (MM1) has been certified as safe to FDA standards for food contact by the world leading certification company SGS.
SGS is a multinational company headquartered in Geneva Switzerland and is recognised as the world’s leading inspection and certification group.
The company tested the overall stability and food safety of inks and plastics infused with MM1 to both US Food and Drug Administration and China standards.
All results certify MM1 to Pass FDA 21CFR177.1520 and GB 4806.7-2016 food contact requirements and therefore are safe and stable for use in food packaging applications.
SGS certification is recognised globally, including by the US FDA.
This is a key technical milestone and a critical commercial milestone for the widespread adoption of the MM1 technology.
It also sets the foundations for the development of the very high value MM2 technology over 2020.
Safety certification increases likelihood of commercial success
Highlighting the significance of this development in terms of de-risking a possible barrier to commercial success, YPB Chief Executive John Houston said, “So far we have serious commercial interest in MotifMicro1 from Australia, Thailand, USA and China where we have the largest security printer as the first adopter of our MM1 technology.
‘’Commercial print trials are underway and this SGS certification of the safety of our now core authentication technology eliminates a possible barrier to its commercial success.
‘’Brands can confidently employ our authentication solutions in food packaging with this certification as to its safety.
‘’This builds on YPB’s previous food-safe physical marker certifications, growing the value of our intellectual property portfolio and demonstrating the expertise, creativity and intellect of our technical team led by Dr Paul Bisso”.
In mid-September, YPB negotiated the first supply agreement for its MM1 smartphone authentication technology with China’s leading security label supplier PanPass Inc. being the first commercial adoption of the solution.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
