Spectra Systems Corporation Contract Win (4682E)
10 Fevereiro 2015 - 5:00AM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 4682E
Spectra Systems Corporation
10 February 2015
Spectra Systems Corporation
("Spectra Systems")
Spectra Systems executes five year, $1MM contract with Asian
partner for tax stamp authentication
On 9 February 2015, Spectra Systems entered into a five year
contract with a large Asian manufacturer of holograms and foils
used in various applications, and particularly tax stamps. The
contract specifies a minimum total revenue of $1MM evenly spread
out over the five year period. The contract relates to both taggant
and portable readers, part of the offerings which have grown out of
the Inksure acquisition in 2014.
"This contract offers Spectra a new channel for the sale of
portable authentication products in Asia and will form the basis of
a new relationship which we believe can lead to revenues beyond the
contractual minimums specified. We are optimistic that we can work
with our Asian partner to customize the technology to attract
additional business in this area" said Dr. Nabil Lawandy, Spectra's
Chief Executive Officer.
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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