Appointment of Director

RNS Number : 5060O

Spectra Systems Corporation

09 February 2021

 

Spectra Systems Corporation

Appointment of Director

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 appointed Jeremy Edward Fry (aged 56) to the Board as a Non-Executive director with immediate effect.

Following a successful executive international career with large scale enterprises, Jeremy, who is based in the UK, established his own consultancy business in 2005.  He is experienced in finance and operations and in particular intellectual property. Since forming the consultancy business Jeremy has worked across a broad spectrum of businesses clients advising start-ups to public listed enterprises.

Over the past 15 years Jeremy has assumed numerous roles including Executive Chairman, Non-Executive Chairman, Non-Executive Director, CEO and COO leading and supporting a number of successful investor acquisitions and exits.  More recently, Jeremy has been focused on advisory and non-executive initiatives including his appointment to the boards of Blackspace Security Limited and Sentrybay Limited, leading cyber-security companies working in financial services and regulated markets, where he is chair of the audit committee. Through 2019 and 2020 much of his time was spent working on a very significant restructuring of an industrials company involving negotiations with lenders and shareholders, addressing balance sheet and operational challenges.

Jeremy, a Chartered Marketeer, holds a degree in Biochemistry and Molecular Biology from Cardiff Metropolitan University (formerly Llandaff Technical College), a postgraduate diploma in Marketing from the Chartered Institute of Marketing via Cardiff Business School and an Executive MBA from the University of Reading.

A list of Jeremy Fry's current directorships together with those held within the last five years is set out below:

Current directorships: Sentrybay Limited Blackspace Security Limited J4 Asset Management Limited

Previous directorships during the last five years: Accord Bidco Limited Ainscough Crane Hire Limited Apollo Technology Partners Limited Autologic Diagnostics Limited LGDA Limited

Jeremy Fry has confirmed that there is no further information to be disclosed pursuant to paragraph (g) of Schedule 2 of the AIM Rules.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are elated that Jeremy has joined the Spectra Systems Board of Directors as he brings a deep experience base in technology driven companies from pharmaceuticals to cybersecurity.  Jeremy also has hands on operational experience as well as an understanding of financial markets and transactions  which includes private equity, acquisitions and public markets."

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive Officer  Tel: [phone]

WH Ireland Limited

Chris Fielding, Managing Director, Corporate Finance Tel: [phone] 

 

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