Sensor order update
Spectra Systems Corporation has announced a second sensor order from a customer for use by an affiliated organization, generating an additional $1.4 million in revenue. These sensors are expected to be delivered between 2026 and the second quarter of 2027, building upon a previous $39.6 million contract. This new order underscores the continued demand for Spectra's authentication and security 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 confirmation of a second order to produce additional sensors, beyond the $39.6M contract (RNS July 16,2024), by our customer for use by a second affiliated organization. The additional sensors, are expected to generate revenue of $1.4M and will be delivered between 2026 and Q2 of 2027.
- Nabil Lawandy, CEO of Spectra Systems, stated: "We are delighted to receive a second additional requirement for our sensors, reaffirming the degree to which our technology underpins security throughout our customer's organizational footprint."
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.