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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.00 | -0.90% | 221.00 | 216.00 | 226.00 | 223.00 | 221.00 | 223.00 | 9,871 | 12:21:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Programming Service | 19.63M | 6.15M | 0.1364 | 19.06 | 117.15M |
From Apr 2022 to Apr 2024
TIDMSPSY TIDMSPSC
RNS Number : 8888O
Spectra Systems Corporation
15 June 2022
Spectra Systems Corporation
June 15, 2022
Spectra Systems Corporation ("Spectra")
Additional Central Bank Development Revenues
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 executed an amendment to a contract with a central bank customer (previously announced on 2 February and 21 April 2021), increasing the sensor development phase revenues by an additional $2mm. The contract is related to expanding the flexibility of use for the new sensors being developed.
Dr. Nabil Lawandy, Chief Executive Officer, stated: "We continue to provide cutting edge capabilities to our central bank customers who depend on us to respond quickly and effectively to their increasing requirements. This additional contract will increase the development phase from $8.8MM to $10.8MM while maintaining the existing timeline for sensor manufacturing and further solidifies our long-standing relationship with this central bank customer."
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014 which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.
Enquiries:
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Spectra Systems Corporation Tel: +1 (0)401 274 4700
Dr. Nabil Lawandy, Chief Executive Officer
WH Ireland Limited (Nominated Adviser and Tel: +44 (0)20 7220 1650
Joint Broker)
Chris Fielding (Head of Corporate Finance)
Fraser Marshall (Head of Capital Markets)
Aimee McCusker (Corporate Broking Director)
Tel: +44 (0)20 3328 5665
Allenby Capital Limited (Joint Broker)
Nick Naylor/James Reeve (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
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.
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(END) Dow Jones Newswires
June 15, 2022 02:00 ET (06:00 GMT)
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