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: [phone]
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: [phone]
Allenby Capital Limited  (Joint Broker)
Nick Naylor/James Reeve (Corporate Finance)	Tel: [phone]
Amrit Nahal (Sales and corporate broking)

 

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