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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Spectra Systems Corporation | LSE:SPSY | London | Ordinary Share | COM SHS USD0.01 (UNRES) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 250.00 | 240.00 | 260.00 | 250.00 | 248.00 | 250.00 | 17,564 | 10:21:43 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Programming Service | 19.63M | 6.15M | 0.1364 | 19.06 | 117.15M |
TIDMSPSY
Spectra Systems Corporation
14 June 2023
RNS Reach
June 14, 2023
Spectra Systems Corporation ("Spectra" or the "Company")
Update on Development Contracts
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 entered into a $1.9 million contract for the development and production of three online quality control units for a central bank as expected.
In addition, it has achieved two sensor development milestones worth an aggregate of $2.7 million under the contract, announced on October 21,2020, related to the approval of an alpha phase unit successfully operating on the new sorting machines being acquired by the central bank customer.
Dr Nabil Lawandy (Chief Executive Officer) commented: "We are pleased to make this announcement today. These developments and payments were included in our financial projections for the 2023 fiscal year and solidify our expectations for the full year results."
Enquiries:
Enquiries:
Spectra Systems Corporation
Hot Features
Premium
Dr. Nabil Lawandy (Chief Executive Officer) Tel: +1 (0) 401 274 4700
WH Ireland Limited (Nominated Adviser and Broker) Tel: +44 (0)20 7220 1650
Chris Fielding (Managing Director, Corporate
Finance)
Andrew de Andrade (Executive, Corporate Finance)
Tel: +44 (0)20 3328 5665
Allenby Capital Limited (Joint Broker)
Nick Naylor/James Reeve (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
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(END) Dow Jones Newswires
June 14, 2023 02:00 ET (06:00 GMT)
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