Spectra Systems Corporation (AIM:SPSY, OTC:SCTQ) said it landed an order for the current year from a central bank that is 60% higher than the value of the business placed by the customer last year.
Spectra, a leader in machine-readable high-speed banknote authentication, didn't reveal the exact value of the order. However, chief executive Dr. Nabil Lawandy did confirm the latest deal included a 22% price increase.
He added: "This order makes a meaningful contribution to achieving our expected profitability this and next year."