Additional Sensor order
Spectra Systems Corporation has announced an additional sensor order valued at $1.3 million from a customer for use by an affiliated organization, extending beyond their previously announced $39.6 million contract. These sensors are scheduled for delivery between 2026 and the second quarter of 2027. The company also anticipates further orders for affiliated organizations and an additional service contract later this year, reinforcing the demand for their anti-counterfeiting technology.
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Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, security printing, brand protection technologies and gaming security software, is pleased to announce that we have received an order to produce additional sensors, beyond the $39.6M contract (RNS June,2024), by our customer for use by an affiliated organization. The additional sensors, worth $1.3M, will be delivered between 2026 and Q2 of 2027. An additional order for another affiliated organization is expected later this year along with an additional service contract.
- Nabil Lawandy, CEO of Spectra Systems, stated: "We are delighted to receive additional orders for our sensors, reaffirming the unique capabilities of this technology and its importance for preventing counterfeiting."
Nabil Lawandy, Chief Executive Officer of the Company.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.