Spectra Systems Corporation Appointment of Chief Financial Officer (7203O)

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RNS Number : 7203O

Spectra Systems Corporation

14 June 2022

Spectra Systems Corporation

("The Company" or "Spectra Systems")

Appointment of Chief Financial Officer

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies and gaming security software is delighted to announce that it has agreed to appoint Colleen Hamill, C.P.A. (aged 56) as its new Chief Financial Officer.

Colleen Hamill started her career in 1987 at KPMG Peat Marwick in public accounting prior to working as an Accounting Manager at HMK Enterprises, Inc. an $820MM diversified holding company from 1990 to 1996. From 1996 to 2007, Ms. Hamill was the Global Corporate Controller and a member of the senior management at Brewster Wallcovering, a global distributer and manufacturer of wall covering and related products. Following this position, she held the position of Senior Director of Corporate Accounting at GTECH (now IGT) for eight months before moving to the position of Senior Manager for Financial Reporting at Brookfield Renewable Power, a $12B operator and developer of hydroelectric power facilities. From 2010 to 2015, Ms. Hamill was the Global Manager for consolidations at Covidien, a $10B medical devices company. From this position, she has worked as the Finance Leader in the US operations of Boston-Power, a venture capital-backed developer and manufacturer of lithium-ion batteries and most recently as the Global Controller at Harvard Biosciences.

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

Colleen Hamill has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "I am delighted to welcome Colleen to Spectra Systems and believe that her extensive financial experience, particularly in technology driven companies will be of immense value to us."

Enquiries:

 
Spectra Systems Corporation                       Tel: [phone] 
 Dr. Nabil Lawandy, Chief Executive Officer 
WH Ireland Limited (Nominated Adviser             Tel: [phone] 
 and Broker) 
 Chris Fielding (Head of Corporate Finance) 
 Andrew de Andrade (Executive, Corporate 
 Finance)                                          Tel: [phone] 
 
 Allenby Capital Limited (Joint Broker) 
 Nick Naylor/James Reeve (Corporate Finance) 
 Amrit Nahal (Sales and Corporate Broking) 
 

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June 14, 2022 02:00 ET (06:00 GMT)