Two Lottery Renewals

RNS Number : 4689I
Spectra Systems Corporation
14 December 2020
 

Spectra Systems Corporation

("Spectra")

Two Lottery Renewals

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 successfully renewed contracts with two USA state lottery customers, for nine and ten-year contracts, respectively.  The aggregate value of the contracts is estimated at $1MM over the full term with additional potential from software work plans of up to $0.25MM.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "Our renewal of such long-term contracts with these lottery customers underpins both the quality and stability of our software security business as well as that of the company as a whole."

 

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

 

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