RCS - Spectra Systems - New Security Printing Postal Contract

Spectra SystemsAnnouncement

06/02/2025 07:00

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RNS Number : 0942W  Spectra Systems Corporation  06 February 2025

This is a Reach (i.e. non-regulatory) announcement and the information
contained is not considered to be material or to have a significant impact on
management's expectations of the Company's performance.

 

06 February 2025

Spectra Systems Corporation

("Spectra" or the "Company")

New Security Printing Postal Contract

Spectra Systems Corporation, a leader in machine-readable high speed banknote
authentication, security printing, brand protection technologies and gaming
security software, is pleased to announce that its security printing division,
Cartor Security Printers has received a five-year ("four plus one") contract
to produce definitive (as opposed to commemorative) postage stamps for a
European Union postal stamp supplier.

The contract was awarded based on various factors such as quality,
environmental impact, price, and Cartor's pioneering work in implementing
hybrid stamp solutions with 2-D barcode serialization to significantly reduce
losses resulting from counterfeiting and the reuse of stamps.

The contract is a new customer and is expected to generate between $3.00MM and
$4.00MM over the life of the contract depending on demand and various options.

Andrew Brigham, Managing Director of Cartor Security Printers, stated:

"We are extremely pleased that this major European postal operator has placed
their trust in Cartor to support them with their security printing
requirements. A key differentiator in this tender was Cartor's experience in
developing and implementing hybrid stamp solutions with 2-D barcode
serialization. "

The person responsible for arranging the release of this announcement on
behalf of the Company is Dr. Nabil Lawandy, Chief Executive Officer of the
Company.

Enquiries:

 Spectra Systems Corporation                                           Tel: +1 (0)401 274 4700

 Dr. Nabil Lawandy, Chief Executive Officer

 Zeus (Nominated Adviser and Joint Broker)                             Tel: +44 (0)20 3829 5000

 James Joyce / James Bavister/ Andrew de Andrade (Corporate Finance)

 Allenby Capital Limited (Joint Broker)

 Nick Naylor/James Reeve (Corporate Finance)                           Tel: +44 (0)20 3328 5665

 Amrit Nahal (Sales and Corporate Broking)

 

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