Issuance of Patents and Trademarks

RNS Number : 0303Y

Spectra Systems Corporation

27 December 2019

 

Spectra Systems Corporation                                                                                               December 27, 2019

("The Company" or "Spectra Systems")

Issuance of Patents and Trademarks

Spectra Systems, a leading supplier of authentication technology for banknotes, brand authentication and tax stamps, is delighted to report that  it has further expanded its patent estate for products used in banknote authentication, products authentication, including pharmaceutical pill coatings, and banknote cleaning.

During the period from October 2018-December 2019, the Company was either issued, granted or received notices of allowance on one USA patent and 41 foreign patents. Thirty five of the foreign patents are for authentication and banknote cleaning in African countries under the ARIPO and OAPI (African Regional Industrial Property Organization and Organisation Africaine de la Propriété Intellectuelle).

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "The continued expansion of our patent portfolio is a key driver of shareholder value and is an asset  which is at the heart of our global business opportunities,  protecting  our position as a leader in innovation in the authentication and banknote industries"

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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