Spectra Systems Spectra Systems. - Trading Update

Spectra Systems

01/02/2018 07:00

RNS Number : 5490D

Spectra Systems Corporation

01 February 2018

Spectra Systems Corporation

1 February 2018

1 February 2018

Spectra Systems Corporation ("Spectra")

Trading Update

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, announces that it received confirmation yesterday from its licensee for covert materials supplied to 18 central banks that the royalty component of the licensee's payments will be higher than previously expected for 2017.

As a result, Spectra estimates that its profits for the year ended 31 December 2017 will exceed market expectations.

Spectra expects to release its 2017 year end audited financials by week commencing 19 March, 2018.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are delighted to have received this news from our licensee for covert materials supplied to 18 central banks which is expected to result in our profits for 2017 exceeding expectations."

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

This information is provided by RNS

The company news service from the London Stock Exchange

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