REG - Spectra Systems Spectra Systems-SPSC - New Lottery Contracts

Spectra SystemsAnnouncement

22/04/2021 07:00

RNS Number : 2313W
  
Spectra Systems Corporation
  
22 April 2021
  
 

Spectra Systems Corporation
("Spectra")
New Lottery Contracts
This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, and gaming security software, is pleased to announce that it has been selected by a Canadian lottery to provide its Premier64 Integrity internal control system (ICS).  
Spectra has also renewed its contract with a long term US lottery customer and will be converting this customer to its Premier64 Integrity ICS.
These contracts are for a base period of five and four years, respectively, the former with optional renewals of up to five years. 
The aggregate value of the contracts is estimated at $1.0MM over the full term, not including additional game-specific software development revenue.
 
Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are delighted to expand our ISO/IEC 27001:2013 certified operations internationally as well as convert a long term customer to our Premier64 Integrity product.  These contracts further increase the long-term revenue stream from our government contracts segments of the business."
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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