RCS - Spectra Systems - Donations to feed the hungry in a time of need

Spectra SystemsAnnouncement

14/04/2020 07:00

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RNS Number : 4704J  Spectra Systems Corporation  14 April 2020

Spectra Systems Corporation

("Spectra")

Donations to feed the hungry in a time of great need

Spectra Systems Corporation, a leader in machine-readable high speed banknote
authentication and brand protection technologies, and gaming security
software, is donating $40,000 to help the hungry and homeless in the United
Kingdom and the United States of America during the global coronavirus
pandemic. The donations are equally divided between the UK and the USA and are
being made to the three organizations.

 

In the United Kingdom, the funds will be donated to the London Evening
Standard Food for London site (virginmoneygiving.com/fund/FoodforLondonNOW
(http://virginmoneygiving.com/fund/FoodforLondonNOW) ). This fund acts as a
central collection point and distributes the money to local charities and
organizations for food banks, food parcels and school meals for vulnerable
children.

 

In the United States, the funds will go to two organizations equally.  These
are the Rhode Island Food Bank which provides food for many families unable to
survive on their own
(https://www.feedingamerica.org/find-your-local-foodbank/rhode-island-community-food-bank
(https://www.feedingamerica.org/find-your-local-foodbank/rhode-island-community-food-bank)
) and the Mathewson Street Church that has provided meals for the homeless in
Rhode Island for many years (https://www.mathewsonstreetchurch.org/
(https://www.mathewsonstreetchurch.org/) ).

Dr. Nabil Lawandy, Chief Executive Officer, stated: "Spectra is an American
company which prides itself on its relationship with the UK.  We have a
strong cash position giving us an opportunity to help people who are suffering
from hunger in these difficult times. I thank the shareholders and the Board
for the opportunity to help people in need on both sides of the Atlantic
during this global pandemic."

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive
Officer
Tel: +1 (0) 401 274 4700

 WH Ireland Limited

Chris Fielding, Managing Director, Corporate
Finance                 Tel: +44 (0) 20 7220 1650

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