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Spectra Systems (SPSY)

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Monday 11 October, 2021

Spectra Systems

Large Central Bank Order

RNS Number : 5769O
Spectra Systems Corporation
11 October 2021
 

Spectra Systems Corporation

("Spectra" or the "Company")

 

Large Central Bank Order

 

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 one of its long-time central bank customers for banknote security materials has placed a new yearly order as part of another five year renewal agreement. This year's order is 50% higher than the typical orders with the exception of the large 2020 order during the peak of the pandemic.

 

Based on the value of this year's order, we are confident that we will exceed market expectations for PBTA in 2021.

 

Dr. Nabil Lawandy, Chief Executive Officer, stated: "I am very pleased that we have executed a five year renewal with this long standing central bank customer.  The size of the order, as well as the agreement, further bolster our confidence in the role of, and demand for, reserve currencies going forward."

 

 

Enquiries:

 

Spectra Systems Corporation

 

Dr. Nabil Lawandy, Chief Executive Officer

Tel: +1 (0) 401 274 4700

 

 

WH Ireland Limited  (Nominated adviser and broker)

 

Chris Fielding (Managing Director, Corporate Finance)

Jasper Berry (Managing Director, Corporate Broking)

Andrew de Andrade (Corporate Finance Executive)

Tel: +44 (0) 20 7220 1650

 

 

Allenby Capital Limited  (Joint Broker)

 

Nick Naylor/James Reeve (Corporate Finance)

Tel: +44 (0)20 3328 5665

Amrit Nahal (Sales and corporate broking) 

 

 

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