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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% | 230.00 | 224.00 | 236.00 | 230.00 | 230.00 | 230.00 | 9,758 | 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 |
From May 2019 to May 2024
TIDMSPSY TIDMSPSC
RNS Number : 7031C
Spectra Systems Corporation
21 October 2020
Spectra Systems Corporation
("Spectra")
Contract for sensor development, manufacturing, and service with a central bank
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 a comprehensive services contract with a central bank for the development, manufacture and servicing of a sensor system for this customer.
The contract includes $1.9MM to initiate Phase 1 development work and has three major additional phases which include a $5.6MM Phase 2 development through 2023, as much as $34MM for the delivery of an as yet unspecified number of sensors, and a service component worth approximately $7.5MM (covering the current sensors and including the typical ten year life of the maximum number of new sensors to be delivered after development).
Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are pleased that this technologically sophisticated central bank has provided us with the opportunity to provide new cutting edge sensors for their cash operations."
Enquiries:
Spectra Systems Corporation
Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0) 401 274 4700
WH Ireland Limited
Chris Fielding, Managing Director, Corporate Finance Tel: +44 (0) 20 7220 1650
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
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END
CNTFLFERIRLIFII
(END) Dow Jones Newswires
October 21, 2020 02:00 ET (06:00 GMT)
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