Spectra Systems Corporation Large Central Bank Order (5769O)
11 Octubre 2021 - 01:00AM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 5769O
Spectra Systems Corporation
11 October 2021
Spectra Systems Corporation
("Spectra" or the "Company")
Large Central Bank Order
This announcement contains inside information for the purposes
of Article 7 of the Market Abuse Regulation (EU) No. 596/2014.
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 yearly order as part of another five year renewal
agreement. This year's order is 50% higher than the typical orders
with the exception of the large 2020 order during the peak of the
pandemic.
Based on the value of this year's order, we are confident that
we will exceed market expectations for PBTA in 2021.
Dr. Nabil Lawandy, Chief Executive Officer, stated: "I am very
pleased that we have executed a five year renewal with this long
standing central bank customer. The size of the order, as well as
the agreement, further bolster our confidence in the role of, and
demand for, reserve currencies going forward."
Enquiries:
Spectra Systems Corporation
Dr. Nabil Lawandy, Chief Executive Tel: +1 (0) 401 274
Officer 4700
WH Ireland Limited (Nominated adviser
and broker)
Chris Fielding (Managing Director, Tel: +44 (0) 20 7220
Corporate Finance) 1650
Jasper Berry (Managing Director, Corporate
Broking)
Andrew de Andrade (Corporate Finance
Executive)
Allenby Capital Limited (Joint Broker)
Nick Naylor/James Reeve (Corporate Tel: +44 (0)20 3328
Finance) 5665
Amrit Nahal (Sales and corporate broking)
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