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SPSC Spectra Systems Corporation

260.00
0.00 (0.00%)
14 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Spectra Systems Corporation LSE:SPSC London Ordinary Share COM SHS USD0.01 (DI/REGS)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 260.00 220.00 300.00 260.00 260.00 260.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Computer Programming Service 19.63M 6.15M 0.1364 19.06 117.15M

Spectra Systems Corporation Central Bank testing Spectra's Aeris technology (2076K)

23/06/2014 7:00am

UK Regulatory


Spectra Systems (LSE:SPSC)
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TIDMSPSY TIDMSPSC

RNS Number : 2076K

Spectra Systems Corporation

23 June 2014

June 23, 2014

Spectra Systems Corporation

("Spectra Systems")

Spectra hosts officials from the Central Bank of Indonesia for a preliminary round of testing of its Soiled Banknote Cleaning Technology.

The Board is delighted to announce that representatives of Central Bank of Indonesia will be at Spectra Systems on July 27(th) and 28(th) to perform tests in conjunction with our staff to evaluate the performance of the company's Aeris(TM) technology which uses supercritical CO(2) to clean soiled banknotes.

This initial in-house collaborative testing will be invaluable to the Company for determining the potential of this technology for producing significant savings for the central Bank of Indonesia. Spectra Systems is in the process of similar tests with other major central banks including the Banco de Mexico and two G8 central banks.

Nabil Lawandy, Spectra System's CEO, stated:

"We are honoured that members of the Central Bank of Indonesia are visiting the Company to witness firsthand the cleaning of banknotes being provided by the bank, at our facility. Indonesia, with over 250 million people and 3.5% of the world's population, provides us with a unique potential opportunity to employ our technology on a large scale."

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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