Large Order from Central Bank

RNS Number : 4090K

Spectra Systems Corporation.

30 July 2013

 



                                                                                                                        July 30, 2013

Spectra Systems Corporation

("Spectra Systems")

Spectra Systems Receives Large Order from Central Bank

Spectra Systems, a leading provider of advanced technology solutions for banknote and product authentication, is pleased to announce that it has received as anticipated a significant order to supply its current machine-readable banknote authentication materials to a major central bank. The order has a value of $10M and will be delivered in the 12 month period commencing in August 2013.

Commenting on the above, Nabil Lawandy, CEO of Spectra Systems, stated: "We are pleased to announce this significant order which largely underpins our revenue expectations for 2013. The maintenance of a large supply of back-up inventory of our materials by the Central Bank is indicative of the importance of our products as well as their long term use".

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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