Source - RNS
RNS Number : 0421J
Spectra Systems Corporation
26 June 2017
 

Spectra Systems Corporation

("The Company" or "Spectra Systems")

Issuance of Patents

Spectra Systems, a leading supplier of authentication technology for banknotes, brand authentication and tax stamps, is delighted to report that it has significantly expanded its patent estate for its breakthrough banknote cleaning technology , AerisTM

During the last several months, the Company has either been issued with, granted or received notices of allowance on two new USA patents focused on the apparatus claims as well as patents on the basic process in the Philippines, Singapore, Turkmenistan, South Africa, Nigeria, and the l'Organisation Africaine de la Propriété Intellectuelle (OAPI). The OAPI is a central issuing authority for the French speaking countries of Benin, Burkina-Faso, Cameroon, Comoros, Central African Republic, Chad, Congo, Equatorial Guinea, Ivory Coast, Gabon, Guinea Bissau, Mali, Mauritania, Niger, Senegal, and Togo.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "The continued growth of our patent portfolio is a key value driver for shareholders and these specific patents, in areas of the world where the economic advantages of our banknote cleaning technology are particularly important, could potentially be of value in future licensing transactions. Our greatest interest in the uses of AerisTM has come from the smaller more cost conscious central banks, many of which are in Africa."

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive Officer                            Tel: +1 (0) 401 274 4700

 

WH Ireland Limited

Chris Fielding (Head of Corporate Finance)                           Tel: +44 (0) 20 7220 1650

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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