Central Bank testing Spectra's Aeris technology

RNS Number : 2076K

Spectra Systems Corporation

23 June 2014

 



June 23, 2014

Spectra Systems Corporation

("Spectra Systems")

Spectra hosts officials from the Central Bank of Indonesia for a preliminary round of testing of its Soiled Banknote Cleaning Technology.

The Board is delighted to announce that representatives of Central Bank of Indonesia will be at Spectra Systems on July 27^th and 28^th to perform tests in conjunction with our staff to evaluate the performance of the company's Aeris^TM technology which uses supercritical CO₂ to clean soiled banknotes.

This initial in-house collaborative testing will be invaluable to the Company for determining the potential of this technology for producing significant savings for the central Bank of Indonesia.  Spectra Systems is in the process of similar tests with other major central banks including the Banco de Mexico and two G8 central banks.

Nabil Lawandy, Spectra System's CEO, stated:

"We are honoured that members of the Central Bank of Indonesia are visiting the Company to witness firsthand the cleaning of banknotes being provided by the bank, at our facility.  Indonesia, with over 250 million people and 3.5% of the world's population, provides us with a unique potential opportunity to employ our technology on a large scale."

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive Officer                           Tel: [phone]

WH Ireland Limited

Chris Fielding (Head of Corporate Finance)                           Tel: [phone]

 

END

 

 

MSCQKKDQABKDBAB