Spectra Systems Share Discussion Threads

[patviera] 05/5/2016 10:23

Agreed so a penny rise is about right!!Anyway hopefully bodes well for the futureNow there is some enterprise value having traded at cash!!

[rainmaker] 05/5/2016 08:36

but Pat the contract requires no additional staffing and will go straight to the bottom line.

regards

[patviera] 05/5/2016 08:19

RmIt's only 300k per annumSo it's small but agreed may help to get other contracts!!I'm not so confident as you are about aeris but like you am very excited about other areas of the business

[pj 1] 05/5/2016 08:10

Only a small position, that has been doubled up today!

[rainmaker] 05/5/2016 08:02

Be patient Pat, its just that first contract that's taking time but I'm once that happens, others will quickly follow.But Spectra is not just about Aeris.Some excellent news today, as TruBrand gains a first toehold in the massive Chinese market.Todays RNS follows-


Spectra Systems Corporation First TruBrand customer

05/05/2016 6:00am
UK Regulatory (RNS & others)

Spectra (Unres) (LSE:SPSY)
Intraday Stock Chart
Today : Thursday 5 May 2016

Click Here for more Spectra (Unres) Charts.
TIDMSPSY TIDMSPSC

RNS Number : 2832X

Spectra Systems Corporation

05 May 2016

May 5 2016

Spectra Systems Corporation

("The Company" or "Spectra Systems")

First TruBrand(TM) customer adopts smartphone authentication technology

Spectra Systems, a leading supplier of authentication technology for banknotes, brand authentication and tax stamps, is pleased to announce that it has entered into a six year supply contract with a Chinese manufacturer of labels for linens for the use of our new breakthrough technology, TruBrand(TM) which enables for the physical, non-image based, authentication of products using a smartphone.

This contract represents the first important adoption of the technology and will begin January of 2017. The contract requires minimum annual high margin materials revenues of $0.30m beginning 2018 whether or not such materials are ordered and has a minimum total value of $1.65m. The delivery of these materials to the new customer will not require additional staffing at the Company and will contribute significantly to our earnings.

The Board anticipates that sales of materials to this customer will provide a valuable first reference for the technology and help drive sales, particularly in China.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "This is a milestone for Spectra and is critical for the acceleration of sales of this new enabling technology. TruBrand(TM) eliminates the need for costly readers and allows the consumer to authenticate the product themselves. TruBrand(TM) has a multitude of applications including very large scale, multibillion unit products such as tobacco in China and could be a transformative source of revenue for the company. In addition to brand authentication, our family of our other smartphone based technology variants which includes TruStamp(TM) and TruNote(TM) will also benefit from this first adoption. TruNote(TM) , our banknote authentication version, like TruBrand(TM) , can authenticate and denominate banknotes in any environment, including absolute darkness, making the technology ideal for visually impaired individuals."

"The Board is very pleased to see additional long term contracted revenue growth in areas outside of the banknote industry and is pleased to confirm that the Company is on track with expectations for the year."

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive Officer Tel: [phone]
WH Ireland Limited

Chris Fielding (Head of Corporate Finance) Tel: [phone]
This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCUGUBGAUPQGQC

(END) Dow Jones Newswires

May 05, 2016 02:00 ET (06:00 GMT)

regards

[patviera] 03/5/2016 17:10

Just surprised that with 20p of cash we have been so depressed for so long!Do you think aeris will be worth anything as I'm surprised it's taken so long to nail a contract?!

[rainmaker] 03/5/2016 13:55

Well,Pat, I'm not surprised, as IMHO the Company has both exciting near term and long term prospects. I firmly believe the Company's underlying business and share price will finally make excellent progress this year and although its been a long time coming, it will have been well worth waiting for :-)

regards

[patviera] 03/5/2016 11:13

Why shares up rm?

[patviera] 23/4/2016 17:53

So our CEO earns 500k when our profits are 1mAnd he wants 10pct of equity in options!! After a calamitous fall in our shares from 80p to 20pWow this is what gives AIM a bad nameWhat pctge does one need to have an EGM? Is this not a great example of boardroom greed?

[patviera] 19/4/2016 11:29

Wow total disinterest in this stockCan only be because the board remuneration is the biggest in aim plus an award of options is imminentWhat a shame

[patviera] 18/4/2016 09:38

If we make small profits every year then over 10 years Nabil makes 5m bucks and if he gets options here and price gets to 30p(big deal!) then he will clean up on options as wellWell done Nabil!!Let's see what the options give them after share price fall from 80p to 20p!!

[fft] 18/4/2016 08:25

No optimism re. Aeris, but the rest of the business seems destined to carry on generating cash which shareholders won't see. Balance sheet good. If it paid a dividend it would be a solid bedrock portfolio share. Wonder what all the fuss last week about the 3 non execs was about. Doesn't seem anything that new mentioned today.

[patviera] 18/4/2016 08:02

With our shares crashing from 80 to 20p any reward of options will be a reward for failure imho

[patviera] 18/4/2016 07:57

And I'm sure he may get hefty amount of options reading a recent RNSI will be scrutinising any option package Remuneration here is unbelievable for a 10m company

[boystown] 18/4/2016 07:44

"Strong balance sheet and operating cash flow positive in 2015 with cash of USD 10,382k"...

...yet still no mention of a dividend; funny that. And particularly strange as Dr Lawandy pulls in over half a million a year sufficient to pay around 1.14c per share. I'd like to see his travel & entertainment expenses!

Tell me again - why does a New York-based company with a dangerously highly-paid CEO choose London's lightly-regulated AIM market - cos I've forgotten!?

[patviera] 16/4/2016 12:38

I have bought a few more here but now I'm waiting to see what the option package looks likeIf is isn't stringent enough then I won't be happy!!

[patviera] 14/4/2016 09:22

PaqmanThanks for that but not surprised that dlar are bullish about the sustainability of cash useage !!

[paqman] 14/4/2016 08:24

Good read about De la Rue and the future of bank notes.

[fft] 12/4/2016 08:00

There are quite sizable resumes of the 3 ( Salam, Puton and Donohue ) in the 2014 annual report (from spsy website). 2 of then were non exec chairmen. There doesn't appear to be anything unusual or conflicting in their previous business history.



I just hope it does mean a sizable contract is about to be signed - but why not announce both together :-(

[extrader] 12/4/2016 07:51

Hi all,

Curiouser and curiouser : if you go to look at the Board, they're down to 4 already.....so you don't even see easily who's gone.

My guess is that there was someone on Board with a possible conflict of interest ?

ATB

[fft] 12/4/2016 07:26

Rather a curious RNS this morning.

"Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, today announces that its Board of Directors will be reduced from seven members to four. This contraction is in response to a G 7 central bank customer security requirement relating to the composition of the Board. "

Does that mean the G7 central bank is a new customer, or at least an existing company that is using more SPSY products ?

[patviera] 01/4/2016 11:53

What with cashless and no buying interest here at all it looks like I made a big mistake buying in herePlus lawandy paying himself 500k pa it's no wonder we've not made a bean for 10yearsThis is basically run to pay the directors an absolute fortune while us shareholders get no returnAnd now directors getting a reward for failureGranting themselves options while shares fallen 80pct

[fft] 19/3/2016 09:37

Not that convinced.

Even if half the worlds population used contactless payments, that would still leave more people using cash than in 1974 (population being about double), and with disposable incomes far higher than in 1974, I suspect the velocity of money has increased many times since then due to GDP being substantially higher.

Another point is that many people, due to the level of fraud and identity theft in debit/credit cards are not comfortable in using them in all situations.

Thirdly, the black economy, or txns that people don't want logged anywhere will always favour the use of cash. And with the black economy being estimated at about 7-10% in the UK, 20-30% in Italy and 40%+ in Russia that is a lot of cash still being passed around.

Fourthly, A lot of people in developing (and developed) countries don't have bank accounts. They are paid cash and see no need for a bank account. They then deal with other people, who have to accept cash etc.

[briangeeee] 18/3/2016 22:24

I'm seeing an increasing number of articles discussing a cashless economy, e.g. www.weforum.org/agenda/2016/01/are-we-heading-towards-a-cashless-economy.

There probably needs to be an increased level of comfort with contactless payments and mobile transactions, and further innovations in that area, but I feel we aren't too far off. The incentive for the state is huge, and I feel there will be few global barriers when it starts.

[patviera] 18/3/2016 17:52

Cashless?? Oh dear then these spectra will be worthless?