Newly-listed anti-counterfeiting business YPB has won a contract to provide tracer products and scanners to the Chinese government.
China's Ministry of Public Security, which regulates the country's police force and border security operations will carry out a trial of YPB's invisible tracer products and scanners.
The contract comes less than three weeks after YPB debuted on the ASX through a backdoor listing through the shell of former sapphire explorer AUV.
Chief executive John Houston said the contract with the MPS was part of YPB's aggressive growth strategy.
"The contract for the PRC's (People's Republic of China's) Ministry of Public Security forms part of the first stage in this process, and we continue to be excited by the level of interest in our unique anti-counterfeit technology and its potential applications," he said in a statement.
YPB is explicitly targeting potential clients in Asia and especially China as it looks to capitalise on growing demand for anti-counterfeit technologies in the region.
The company's produces invisible tracers that are hidden and indestructible particles fused into a product during or after the manufacture process and are detectable by YPB's scanners.
Shares in YPB closed 2.5 cents higher at 21 cents.
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