Issuance of Patents

RNS Number : 8377T

Spectra Systems Corporation

11 January 2017

 

Spectra Systems Corporation

("The Company" or "Spectra Systems")

Issuance of Patents

Spectra Systems, a leading supplier of authentication technology for banknotes, brand authentication and tax stamps, is delighted to report that it expanded its patent estate significantly in 2016. 

During the year, the Company was either issued, granted or received notices of allowance on an additional 26 patents in China (two), Canada (two), USA (two), Georgia, Singapore, Spain and seventeen countries which are part of the African Intellectual Property Organization (OAPI).  The patents cover new banknote and products security features, banknote fitness, and banknote cleaning technology. Issued patents are ones that received a number while granted and notices of allowance are patents that have passed review and will be issued shortly.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "These patents, and the protection of our intellectual property, underscore the value of the intellectual and innovative component of our products and the high margins they command in the marketplace.  These new patents bring our portfolio to nearly fifty patents protecting the Company's current as well as future product offerings." 

Enquiries:

Spectra Systems Corporation

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

WH Ireland Limited

Chris Fielding, Head of Corporate Finance                            Tel: [phone]

 

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