New Optical Materials Customer

RNS Number : 7583K

Spectra Systems Corporation

06 September 2021

 

Spectra Systems Corporation

September 6, 2021

Spectra Systems Corporation ("Spectra")

New Optical Materials Customer

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to announce that it has received the first orders from a new customer using the company's materials in K-cups for Keurig brewers.  This new customer is expected to purchase over $500,000 of materials per annum, more than doubling the existing high margin business.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are elated to have significantly increased our high-performance optical materials business for authentication to a new K-cup printer and their end customer.  The growth of this business segment bolsters our efforts to diversify our customer base and further increases the stability of our revenues and earnings"

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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