Spectra Systems Corporation (AIM:SPSY, OTC:SCTQ) has received a further amendment to an existing contract for currently in-use sensors that will generate an additional US$885,000 of what it said is high-margin revenue.
Banknote authentication specialist Spectra said the amendment is to provide life support for existing sensors as they are replaced by new sensors, with most of the revenue expected to accrue between 2025-2027.
Nabil Lawandy, chief executive, added: "We are pleased to provide our valued central bank customer additional services to effectively support their needs.
“Response to customer needs is a practice we passionately undertake as it builds trust with our customer and supports long-term relationships."