Source - LSE Regulatory
RNS Number : 3852A
Spectra Systems Corporation
29 May 2019
 

Spectra Systems Corporation ("Spectra")

Trading Update

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, today announces that it expects its profits for the year ending 31 December 2019 to exceed market expectations. The increased profits are related to a combination of central bank sensor related research funding and strong first half of the year optical materials sales.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are very pleased that we are able to provide a positive trading update for 2019 which is reflective of an increasing product mix which allows for sustained strong profitability."

 

Enquiries:

 

Spectra Systems Corporation

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

 

WH Ireland Limited

Chris Fielding (Managing Director, Corporate Finance)                       Tel: +44 (0) 20 7220 1650

 


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