REG - Spectra Systems Spectra Systems-SPSC - Appointment of Finance Director

Spectra SystemsAnnouncement

27/05/2025 17:45

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RNS Number : 2980K  Spectra Systems Corporation  27 May 2025

Spectra Systems Corporation

("The Company" or "Spectra Systems")

Appointment of Finance Director

Spectra Systems, a leader in machine-readable high speed banknote
authentication, brand protection technologies and gaming security
software, is delighted to announce that it has agreed to appoint Kevin
Richards as the company's Finance Director, a non-Board position. Mr. Richards
is replacing Mr. Spies pursuant to his separation from the company.

Mr. Richards is an experienced accounting and finance professional with over
18 years of experience, which includes public accounting at KPMG, technical
accounting, treasury and benefits, and SEC compliance, including preparation
of 10-K and 10-Q statements. Mr. Richards also has experience with financial
statements under both GAAP and IFRS regulations.

At IBM Mr. Richards provided financial management with a focus on revenue
recognition as well as valuation of business combinations, At Linde, in
addition to overseeing the accounting operations, Kevin handled SEC reporting
as well as consolidation of financial statements of foreign and US
subsidiaries.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "I am delighted to welcome
Kevin to Spectra Systems and believe that his breadth of experience,
particularly in revenue recognition, consolidation of financial statements,
and SEC compliance will be of great value to 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 (Investment Banking)

 Fraser Marshall (Corporate Broking)                    

                                                        

 Allenby Capital Limited (Joint Broker)                Tel: +44 (0)20 3328 5665

 Nick Naylor/James Reeve (Corporate Finance)            

 Amrit Nahal (Sales and Corporate Broking) 

 

 

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