Source - LSE Regulatory
RNS Number : 6834N
Spectra Systems Corporation
22 January 2019
 

The information contained within this announcement is deemed to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain.

Spectra Systems Corporation

("Spectra" or the "Company")

Sensor Service Contract

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, announces that it has executed a five year sensor service contract with an existing licensee, one of the world's largest banknote printers. The minimum revenue from the contract is $1.0 million excluding repair services, which will be charged on a time and materials basis.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are particularly delighted that the service contract with our long time licensee underpins their commitment to selling the technology and products already in the market and supplied by us.

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy

 

 

Tel: +1 (0)401 274 4700

 

WH Ireland Limited

Chris Fielding (Head of Coporate Finance)

 

Tel: +44 (0)207 220 1650

 

 


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