Spectra Systems Corporation New Security Printing Postal Contract

RNS Number : 0942W

Spectra Systems Corporation

06 February 2025

 

This is a Reach (i.e. non-regulatory) announcement and the information contained is not considered to be material or to have a significant impact on management's expectations of the Company's performance.

 

06 February 2025

Spectra Systems Corporation

("Spectra" or the "Company")

New Security Printing Postal Contract

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, security printing, brand protection technologies and gaming security software, is pleased to announce that its security printing division, Cartor Security Printers has received a five-year ("four plus one") contract to produce definitive (as opposed to commemorative) postage stamps for a European Union postal stamp supplier.

The contract was awarded based on various factors such as quality, environmental impact, price, and Cartor's pioneering work in implementing hybrid stamp solutions with 2-D barcode serialization to significantly reduce losses resulting from counterfeiting and the reuse of stamps.

The contract is a new customer and is expected to generate between $3.00MM and $4.00MM over the life of the contract depending on demand and various options.

Andrew Brigham, Managing Director of Cartor Security Printers, stated: 

"We are extremely pleased that this major European postal operator has placed their trust in Cartor to support them with their security printing requirements. A key differentiator in this tender was Cartor's experience in developing and implementing hybrid stamp solutions with 2-D barcode serialization. "

The person responsible for arranging the release of this announcement on behalf of the Company is Dr. Nabil Lawandy, Chief Executive Officer of the Company.

Enquiries:

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

 

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