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SPSY Spectra Systems Corporation

223.00
0.00 (0.00%)
25 Apr 2024 - Closed
Delayed by 15 minutes
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% 223.00 216.00 230.00 223.00 223.00 223.00 12,236 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

Spectra Systems Corporation G20 Central Bank begins Funding Sensor Development (8720N)

14/05/2018 7:00am

UK Regulatory


Spectra Systems (LSE:SPSY)
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TIDMSPSY TIDMSPSC

RNS Number : 8720N

Spectra Systems Corporation

14 May 2018

Spectra Systems Corporation

("Spectra")

G20 Central Bank begins Funding Sensor Development

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, announces that it was engaged on Friday to commence Phase I of a four-phase funded sensor development with a G20 central bank for use with polymer banknotes. The successful completion of all phases is expected to result in a long-term Sensor and Materials Supply Agreement commencing around 2022.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are excited that one of our polymer security features is on track for adoption by a G20 central bank. Once completed, this will be a decade or longer direct sale rather than a license and supply arrangement through a partner. We expect that this will firmly establish our capabilities and products for use in the growing polymer banknote segment of the market".

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 RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

May 14, 2018 02:00 ET (06:00 GMT)

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