Source - LSE Regulatory
RNS Number : 4689I
Spectra Systems Corporation
14 December 2020
 

Spectra Systems Corporation

("Spectra")

Two Lottery Renewals

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to announce that it has successfully renewed contracts with two USA state lottery customers, for nine and ten-year contracts, respectively.  The aggregate value of the contracts is estimated at $1MM over the full term with additional potential from software work plans of up to $0.25MM.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "Our renewal of such long-term contracts with these lottery customers underpins both the quality and stability of our software security business as well as that of the company as a whole."

 

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
MSCFXLLFBLLFFBQ
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account.