New Licensing Agreement

Summary by AI BETAClose X

Spectra Systems Corporation has entered into a licensing agreement with Oberthur Fiduciare SAS for Kryptonome, a new public security feature for polymer banknotes. This agreement, which is on favourable terms, stems from the joint development of the gravure cylinder design by Spectra's secure printing group, formed from the December 2023 acquisition of Cartor Security Printers, and Riverside Gravure Ltd. Spectra and Riverside Gravure Ltd hold patent-pending intellectual property expected to issue in 2027. The company views this as a robust security feature with a significant price advantage over costly foils, which will aid in gaining traction in the polymer substrate market. This announcement is classified as a Reach announcement and is not considered material or to have a significant impact on the Company's performance expectations.

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