Spectra Systems Corporation Sensor Service Contract (6834N)

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)

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.

END

CNTEAKFFAFSNEFF

(END) Dow Jones Newswires

January 22, 2019 02:00 ET (07:00 GMT)

Spectra Systems (LSE:SPSY)
Historical Stock Chart
From Apr 2024 to May 2024