Issuance of TruBrand Patents in China

RNS Number : 6400F

Spectra Systems Corporation

18 November 2020

 

November 18, 2020

Spectra Systems Corporation 

("The Company" or "Spectra Systems")

Issuance of TruBrand^TM Patents in China

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to  to report that it has significantly strengthened  its patent position through the issuance of a patent for its TruBrand^TM technology in China.  This technology is the only materials-based smartphone authentication technology of its kind and is being aggressively promoted for use with tobacco products in China, having achieved early stage annual sales volumes of 12,000,000 packs for the calendar year of 2020.  The patent protection will be for twenty years from the filing date of July, 2016.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "The issuance of a patent for our TruBrand^TM technology in China is a significant milestone for the company.  With over 200 billion cigarette packs sold in China annually and an investment of over two years in marketing this product, we are extremely pleased to have our intellectual property protected by the Chinese government."

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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