Extension of InkSure Asset Purchase Agreement

RNS Number : 4453X

Spectra Systems Corporation

13 January 2014

 



January 13, 2014

Spectra Systems Corporation

("Spectra Systems")

Extension of InkSure Technologies, Inc. ("Inksure") Asset Purchase Agreement

On October 2, 2013, Spectra Systems announced that it had agreed to acquire substantially all of Inksure's brand protection and tax stamp authentication assets, which it had expected to complete in December 2013.

As a result of delays related to SEC regulatory approvals for Inksure shareholders, the Board has agreed an extended final closing date and now anticipates the acquisition to complete by late February 2014.

Enquiries:

Spectra Systems Corporation

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

WH Ireland Limited

Chris Fielding (Head of Corporate Finance)                           Tel: [phone]

 

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