REG - Spectra Systems Spectra Systems-SPSC - Largest Central Bank Consumables Order

Spectra SystemsAnnouncement

12/10/2023 07:00

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RNS Number : 8521P  Spectra Systems Corporation  12 October 2023

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

Spectra Systems Corporation

("the "Company")

 

Largest Central Bank Consumables Order

 

 

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 order for the year ending 30
September 2024 as part of the five-year contract, which was entered into in
2019.

 

This consumables order is the largest in the Company's history and
approximately 60 per cent. larger by value than the order for the year ended
30 September 2023.

 

Dr. Nabil Lawandy, Chief Executive Officer, stated: "I am very pleased that we
have received such a large order incorporating the 22 per cent. price increase
which was agreed last year when we solved our customer's supply chain
concerns. This order makes a meaningful contribution to achieving our expected
profitability this and next year."

 

 

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

 

 

Enquiries:

 

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

 WH Ireland Limited (Nominated adviser and joint broker)
 Chris Fielding / James Bavister (Corporate Finance)          Tel: +44 (0) 20 7220 1650

 Fraser Marshall (Corporate Broking)

 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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