Spectra Systems Corporation (AIM:SPSY, OTC:SCTQ) has announced a five-year contract renewal with "major western state lottery in the United States", with a base value of US$636,000.
"This renewal award indicates that our gaming customers value our services and is a part of the expected renewed growth of this business line under the leadership of its director, Christopher Lal", chief executive Dr. Nabil Lawandy said in a statement.
In March, Spectra reported an increase in revenue and earnings for its prior financial year on the back of strong demand for its covert materials, used in the likes of bank notes.
Revenue jumped 3.4% to US$20.29 million (£16.08 million) for the year, with adjusted EBITDA climbing 3.9% to US$8.39 million.
At the same time, it told investors it was "on track to achieve record earnings" for the current financial year.