G7 Quality Control Equipment Service Contract

RNS Number : 3983O

Spectra Systems Corporation

02 October 2019

 

Spectra Systems Corporation

G7 Quality Control Equipment Service Contract

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, and gaming security software, is pleased to announce that it has executed a new five year service contract with a minimum value of $0.4MM.  The contract with a G7 central bank provides for routine maintenance and has additional fees for time and materials when required.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are delighted that our long standing G7 customer has executed a renewal of a service contract, further underpinning the continued use of our materials in their banknotes.  This five year contract layers on top of existing service contracts with a major worldwide printer of banknotes and additional service contracts with our G7 customer"

Enquiries:

Spectra Systems Corporation

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

WH Ireland Limited

Chris Fielding, Managing Director, Corporate Finance                                   Tel: [phone]

 

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