Spectra Systems Corporation
("The Company" or "Spectra Systems")
New Opportunity in Consumer Products
Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "This agreement with LMI has validated our ability to provide security products in the consumer products market where an increasing number of manufacturers are using sensors to lock their hardware with the associated consumables. Working with LMI has been one of the smoothest product developments we have had and we are confident in their ability to attract more customers to their lids that use our materials."
"We are confident that over time this new line will grow into a stable source of revenue and profit. The total global K-Cup market in which LMI is participating is already over 10 billion units per year."
Enquiries:
Spectra Systems Corporation
Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0) 401 274 4700
WH Ireland Limited
Chris Fielding (Head of Corporate Finance) Tel: +44 (0) 20 7220 1650