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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.00 | 1.36% | 223.00 | 216.00 | 230.00 | 223.00 | 223.00 | 223.00 | 0.00 | 08:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Computer Programming Service | 19.63M | 6.15M | 0.1364 | 19.06 | 117.15M |
From Apr 2019 to Apr 2024
TIDMSPSY TIDMSPSC
RNS Number : 3076L
Spectra Systems Corporation
18 July 2017
Spectra Systems Corporation
("The Company" or "Spectra Systems")
Regulatory Approval for TruBrand(TM) Materials in China
Spectra Systems, a leading supplier of authentication technology for banknotes, brand authentication and tax stamps, is delighted to report that an approval for the use of Spectra's TruBrand(TM) materials on tobacco products sold in China has been granted. The approval was issued by The Tobacco Standardization Research Center (CTSRC) in Beijing to one of Spectra System's potential customers. This potential customer had applied for the approval, and remains interested in using TruBrand(TM) materials on their products.
This approval of Spectra System's TruBrand(TM) materials should open the way for production testing and commercialization of this breakthrough smartphone technology. Assuming this approval is granted to other applicants, which the directors believe is highly likely, then other manufacturers of tobacco products in the People's Republic of China will also be able to test and potentially commercialize the technology. Further updates will be provided, as appropriate.
Dr. Nabil Lawandy, CEO of Spectra Systems stated: "We believe the approval by the CTSRC is a critical achievement in the commercialization process of our TruBrand(TM) technology for the large tobacco industry in China. The opportunity for the Company is significant with over 200 billion cigarette packages being sold annually in China"
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
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(END) Dow Jones Newswires
July 18, 2017 02:00 ET (06:00 GMT)
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