Information  X 
Enter a valid email address

Spectra Systems (SPSY)

  Print   

Wednesday 18 November, 2020

Spectra Systems

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 TruBrandTM 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 TruBrandTM 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 TruBrandTM 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: +1 (0) 401 274 4700

 

WH Ireland Limited

Chris Fielding (Head of Corporate Finance)  Tel: +44 (0) 20 7220 1650

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
NRAKKOBBOBDDADD

a d v e r t i s e m e n t