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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 | 15,485 | 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 |
TIDMSPSY TIDMSPSC
RNS Number : 4535S
Spectra Systems Corporation
09 July 2020
Spectra Systems Corporation
("Spectra")
Contract for enhanced counterfeit banknote detection with a major 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 new contract with a major world central bank to enhance existing authentication sensors to detect a unique type of counterfeit notes.
The contract has two phases, the first is a development phase worth $521,000 and the second phase relates to the optional upgrade of up to 10 sensors worth up to $175,000. The first phase is anticipated to be completed by December 2020 barring any Covid-19 related delays at the customer site, while the second phase is at the discretion of the central bank.
Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are pleased that one of our long standing customers has provided us with the opportunity to provide new cutting edge anti-counterfeiting technology. This contract further supports the importance of cash transactions in countries with technologically advanced economies."
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.
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
July 09, 2020 02:00 ET (06:00 GMT)
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