Spectra Systems Corporation (AIM:SPSY) CEO Nabil Lawandy tells Proactive it was awarded three more contracts that will generate revenue US$700,000 additional revenue this year, and thus it has adjusted its 2022 profits up 6%.
The banknote authentication specialist said its largest central bank customer increased the size of an order for covert materials by 20%, while also almost doubling the value of its sensor service contract. This service contract will continue through the deployment of new sensors currently being developed and will overlap with an anticipated service contract specific to the new generation of sensors, said Spectra.