SPSY Spectra Systems Corporation

TIDMSPSY TIDMSPSC

RNS Number : 8955F

Spectra Systems Corporation

21 July 2021

Spectra Systems Corporation

("Spectra")

Banknote cleaning system also deactivates Covid-19

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies and gaming security software, is pleased to announce that tests conducted at Boston University's National Emerging Infectious Diseases Laboratories (NEIDL) have shown that Spectra's Aeris banknote cleaning process also deactivates SARS-2 below detectable limits during the one hour cleaning cycle. The results, performed in a Biosafety Level IV facility were obtained for straps of Canadian polymer banknotes as well as USA dollar and Indian Rupee banknotes. These new SARS-2 results are in addition to previous data that showed that Aeris, in addition to cleaning banknotes and reducing replacement costs, also disinfected banknotes from other pathogens including enteroviruses and bacteria.

When Covid-19 was emerging as a pandemic, a multitude of central banks expressed interest in whether Aeris could both remove soiling as well as deactivate SARS-2. This new data makes Aeris valuable both for saving banknote replacement costs as well as for increasing the safety of cash.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are pleased that our collaboration with Boston University's National Emerging Infectious Diseases Laboratories has produced results that bring a new value proposition for our Aeris technology. With the new SARS-2 Delta variant producing spikes of new cases in the UK and worldwide, we are proud to be the company that is facing this head on with solutions that not only save taxpayers money, but also increase their public health safety. The company believes that Aeris, in addition to our newest patented technology for disinfecting banknotes using heat and oxygen-free environment makes us the only company in the world with proven solutions for central banks, commercial banks and casinos."

This announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

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 announcement contains inside information for the purposes of Article 7 of Regulation 596/2014.

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July 21, 2021 02:00 ET (06:00 GMT)

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