Spectra Systems Spectra Systems-SPSC - Maintenance contract for new sensors

Spectra Systems

26/11/2025 07:00

RNS Number : 9899I

Spectra Systems Corporation

26 November 2025

 

This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No 596/2014, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended ("MAR"). Upon the publication of this announcement via a Regulatory Information Service, this inside information is now considered to be in the public domain.

26 November 2025

Spectra Systems Corporation

("Spectra" or the "Company")

Maintenance contract for new sensors

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 it has executed a five-year service agreement with a customer for the maintenance of existing sensors as well as the new generation sensors which are replacing them.  The service revenue for the combined suite of sensors depends on the customer deployment schedule and is approximately $6.7M from 2026-2030. This contract has been executed on the back of the authorization for a payment of $5.69M for the first production tranche of new sensors as part of the sensor manufacturing contract announced on 16 July 2024.

Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "We are delighted to be part of this important new initiative by our customer and to be trusted with the responsibility of maintaining and servicing the suite of current operating sensors as well as new ones as they are deployed"

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
Dr. Nabil Lawandy, Chief Executive Officer
Tel: +1 (0)401 274 4700
Zeus (Nominated Adviser and Joint Broker)
James Joyce / James Bavister/ Andrew de Andrade (Corporate Finance)
Allenby Capital Limited(Joint Broker)
Nick Naylor/James Reeve (Corporate Finance)
Amrit Nahal (Sales and Corporate Broking)
Tel: +44 (0)20 3829 5000
Tel: +44 (0)20 3328 5665


 

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