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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October 11, 2021 02:00 ET (06:00 GMT)

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