Spectra Systems Corporation Sensor Service Contract (6834N)
January 22 2019 - 1:00AM
UK Regulatory
TIDMSPSY TIDMSPSC
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 Tel: +1 (0)401 274 4700
Dr. Nabil Lawandy
WH Ireland Limited Tel: +44 (0)207 220 1650
Chris Fielding (Head of Coporate Finance)
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END
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