Spectra Systems amends key contract to reflect supply chain conditions
Prices of certain specified materials will rise by 21% with an annual escalator of 3% now part of the deal
Company
Spectra Systems Corporation
LON:SPSY
Spectra Systems Corporation is an established world leader in providing security technology that includes software and advanced materials for use in banknotes, product authentication, and gaming. The company provides integrated solutions comprised of engineered materials for authentication and hardware and software systems which verify the unique signatures of the authentication materials. Through a series of strategic supply and licensing agreements with governmental, institutional and corporate partners, Spectra has become an industry leader in the currency and document authentication markets, and one of the world’s leading suppliers of high-speed currency authentication sensors.
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Spectra Systems Corporation ‘on track to achieve record earnings’
Outlook follows strong cash position announced in latest earnings call
Spectra Systems makes first sale of bankote disinfection system
Spectra said its system is effective against a range of bacterial and viral pathogens
Spectra Systems books additional US$4mln from bank note contract
"This new contract amendment will provide additional pre-production data to our customer prior to implementing our sensors in the field," said chief Nabil Lawandy
Spectra Systems lands further contract revenue from central bank
"We continue to provide cutting edge capabilities to our central bank customers," said chief executive Dr Nabil Lawandy
Spectra Systems highlights financing progress for investee Solaris
Solaris has developed a low-cost pinprick test to help detect inflammation stemming from infections, cancers such as multiple myeloma, cardiovascular disease, Alzheimer's and rheumatoid arthritis
Spectra Systems upbeat as central bank work increases
"Our two-decade-long relationship with a major world central bank continues to provide new revenues"
Spectra Systems awarded more contracts by existing customers
The three contracts will generate revenue US$700,000 of additional revenue this year.
Spectra Systems' K-cup runneth over
The specialist in brand protection technologies said the orders are rolling in for the company's optical materials used in K-cups for Keurig brewers
Spectra Systems signs US$600,000 contract with largest US lottery
The new contract is for a base period of five years
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Spectra Systems guides to higher profits as central bank customer places larger order
The long-time central bank customer has also renewed for another five years
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Spectra Systems on course for record year
"The board believes that the company is on track to achieve record earnings and meet market expectations for the full year."
Spectra Systems technology cleans COVID-19 from banknotes, study shows
Several central banks have expressed interest in whether Aeris could deactivate the SARS-2 virus
Spectra Systems wins lotto contracts in Canada and US
“These contracts further increase the long-term revenue stream from our government contracts segments of the business" said Dr Nabil Lawandy
Spectra Systems inks enhanced sensor contract with central bank customer
The company said the new deal includes a capability for its sensors to detect “exotic counterfeits” and is expected to add US$1.2mln of development funding
Spectra Systems secures US patent for banknote disinfection process
The company said the patent for the process, which is designed to deactivate SARS-2 viruses, is expected to be issued within six weeks
Spectra Systems: Stable, resilient and seeing commercial growth
Its customers take the long view, so commercial relationships, though hard-won, can be measured in decades rather than months
Spectra Systems delivers resilient full-year performance; remains upbeat on prospects
Both the top and bottom lines grew; the firm also believes it has multiple potential growth kickers for the year ahead and beyond