Spectra Systems Corporation (LON:SPSY) CEO Dr. Nabil Lawandy tells Proactive the Rhode Island-based banknote authentication focused group is seeing an increased demand for bank notes globally, partially fueled by the coronavirus pandemic.
Lawandy says Spectra Systems' recent orders received from central banks are 3 and a half times times the largest order the group has ever had. He adds the group had begun the second phase of its $5.6M revenue sensor development agreement with a central bank customer, following the $1.9M first phase of the agreement.