SPSC Spectra Systems Corporation

TIDMSPSY TIDMSPSC

RNS Number : 1726Z

Spectra Systems Corporation

09 December 2014

Spectra Systems Corporation

("The Company" or "Spectra")

Spectra Systems Receives Notice of Allowance from the United States Patent and Trademark Office

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand authentication technology, today announces that it has received a notice of allowance from the United States Patent and Trademark Office (USPTO) for its patents on the use of supercritical fluids for cleaning and decontaminating banknotes in circulation. The notice of allowance states that a United States patent will issue shortly, protecting the Company's technology in the USA. This key intellectual property protection covers the methods and processes Spectra Systems has developed over the past year and which is currently being tested with certain central banks. Additional related patents are pending relating to other uses of the system including the reversal of limpness and specific embodiments of equipment for using the technology called Aeris(TM) .

Commenting, Nabil Lawandy, CEO of Spectra Systems Corporation, said: "The notice of allowance and the subsequent issuance of patents in the USA is a milestone for the value and protection of our disruptive new technology which has the potential of both greatly lowering central bank costs as well as protecting staff from repatriated notes which can carry a number of contaminants and toxic materials. The notice of allowance for a Untied States patent gives us a strong indication that other countries will also issue us protection for our invention in the near future and insures that our technology will not be copied"

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0) 401 274 4700

WH Ireland Limited

Chris Fielding (Head of Corporate Finance) Tel: +44 (0) 20 7220 1650

- Ends -

This information is provided by RNS

The company news service from the London Stock Exchange

END

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