Authentication and consumer engagement solutions provider YPB Group Limited (ASX: YPB) has entered into a 3-year agreement with Rim-Lock Innovations Pty Ltd to protect and support an invention for the global mining and wheeled heavy machinery sector. Rim-Lock's invention, Rim-Lock, aims to enhance safety in the wheel and tire change process for heavy machinery weighing over four tonnes. YPB's solutions will be integrated with Rim-Lock to ensure supply chain integrity, authenticate parts, and enable automated maintenance logging.
The contract showcases YPB's ability to monetize its intellectual property portfolio by quickly entering large markets with innovative solutions. The company's solutions, including ProtectCode, YPB Tracer, BrandReporter, UnifAI, and YPB Connect, will be utilized to provide digital information, physical authentication, supply chain management, inventory and maintenance logging, and maintenance database management for Rim-Lock.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
