Buy
Sell
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 0.0% 185.00 180.00 190.00 185.00 184.00 184.00 21,370 08:00:49
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Support Services 10.0 3.4 6.8 28.0 84

Spectra Systems Corporation Issuance of TruBrand Patents in China

18/11/2020 7:00am

RNS Non-Regulatory


TIDMSPSY

Spectra Systems Corporation

18 November 2020

November 18, 2020

Spectra Systems Corporation

("The Company" or "Spectra Systems")

Issuance of TruBrand(TM) Patents in China

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to to report that it has significantly strengthened its patent position through the issuance of a patent for its TruBrand(TM) technology in China. This technology is the only materials-based smartphone authentication technology of its kind and is being aggressively promoted for use with tobacco products in China, having achieved early stage annual sales volumes of 12,000,000 packs for the calendar year of 2020. The patent protection will be for twenty years from the filing date of July, 2016.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "The issuance of a patent for our TruBrand(TM) technology in China is a significant milestone for the company. With over 200 billion cigarette packs sold in China annually and an investment of over two years in marketing this product, we are extremely pleased to have our intellectual property protected by the Chinese government."

Enquiries:

Spectra Systems Corporation

   Dr. Nabil Lawandy, Chief Executive Officer                            Tel: +1 (0) 401 274 4700 

WH Ireland Limited

   Chris Fielding (Head of Corporate Finance)                           Tel: +44 (0) 20 7220 1650 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAKKOBBOBDDADD

(END) Dow Jones Newswires

November 18, 2020 02:00 ET (07:00 GMT)

1 Year Spectra Systems Chart

1 Year Spectra Systems Chart

1 Month Spectra Systems Chart

1 Month Spectra Systems Chart
ADVFN Advertorial
Your Recent History
LSE
SPSY
Spectra Sy..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V:gb D:20210120 04:32:34