REG - Spectra Systems Spectra Systems-SPSC - Large Central Bank Order

Spectra SystemsAnnouncement

11/10/2021 07:05

RNS Number : 5769O
  
Spectra Systems Corporation
  
11 October 2021
  
 

Spectra Systems Corporation
("Spectra" or the "Company")
 
Large Central Bank Order
 
This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
 
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to announce that one of its long-time central bank customers for banknote security materials has placed a new yearly order as part of another five year renewal agreement. This year's order is 50% higher than the typical orders with the exception of the large 2020 order during the peak of the pandemic.
 
Based on the value of this year's order, we are confident that we will exceed market expectations for PBTA in 2021.
 
Dr. Nabil Lawandy, Chief Executive Officer, stated: "I am very pleased that we have executed a five year renewal with this long standing central bank customer.  The size of the order, as well as the agreement, further bolster our confidence in the role of, and demand for, reserve currencies going forward."
 
 
Enquiries:
 




Spectra Systems Corporation


 




Dr. Nabil Lawandy, Chief Executive Officer


Tel: +1 (0) 401 274 4700




 


 




WH Ireland Limited (Nominated adviser and broker)


 




Chris Fielding (Managing Director, Corporate Finance)
Jasper Berry (Managing Director, Corporate Broking)
Andrew de Andrade (Corporate Finance Executive)


Tel: +44 (0) 20 7220 1650




 


 




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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