Spectra Systems Corporation Issuance of Patents
June 26 2017 - 1:00AM
RNS Non-Regulatory
TIDMSPSY
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 , Aeris(TM) .
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
Aeris(TM) 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
END
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June 26, 2017 02:00 ET (06:00 GMT)
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