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Spectra Systems kicks off second phase of central bank project

Tue, 02nd Feb 2021 16:00

(Sharecast News) - Banknote authentication and brand protection technology company Spectra Systems has executed an agreement with a central bank customer, it announced on Tuesday.

The AIM-traded firm said the agreement was for the second phase of the sensor development programme, which it initially announced on 21 October.

It said the second phase, with $5.6m of revenue, was a follow-on to the $1.9m first phase of development.

"We are pleased that this technologically sophisticated central bank has provided us with the opportunity to continue to phase 2 of the sensor development which will lead to the production of a yet unspecified number of sensors for their advanced cash processing operations," said chief executive officer Dr Nabil Lawandy.

At 1543 GMT, shares in Spectra Systems Corporation were down 1.14% at 174p.
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3 Apr 2024 18:42

EARNINGS AND TRADING: Saint-Gobain buys Bailey Group; Kropz inks loan

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27 Mar 2024 16:13

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4 Dec 2023 11:58

Spectra Systems buys Cartor to boost polymer substrate supply

(Alliance News) - Spectra Systems Corp on Monday said it will buy Cartor Holdings Ltd, a security printing company, to boost its polymer substrate supply.

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4 Dec 2023 10:15

Spectra Systems acquires security printing business

(Sharecast News) - Security technology firm Spectra Systems said on Monday that it has entered into a conditional agreement to acquire security printing business Cartor for as much as £10.5m.

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12 Oct 2023 12:09

Spectra Systems wins record order from central bank customer

(Alliance News) - Spectra Systems Corp on Thursday said "one of its long-time central bank customers for banknote security materials" has placed a new order.

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25 Sep 2023 12:23

Spectra Systems "highly confident" as interim revenue and profit jump

(Alliance News) - Spectra Systems Corp on Monday posted a positive outlook, while reporting higher interim profit and revenue.

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18 Sep 2023 15:54

UK earnings, trading statements calendar - next 7 days

Tuesday 19 September 
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Big Technologies PLCHalf Year Results
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CPPGroup PLCHalf Year Results
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Fintel PLCHalf Year Results
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Kingfisher PLCHalf Year Results
Litigation Capital Management LtdFull Year Results
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McBride PLCFull Year Results
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Ocado Group PLCTrading Statement
Renishaw PLCFull Year Results
Serica Energy PLCHalf Year Results
SThree PLCTrading Statement
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Team17 Group PLCHalf Year Results
Trustpilot Group PLCHalf Year Results
Water Intelligence PLCHalf Year Results
Xaar PLCHalf Year Results
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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7 Jul 2023 18:31

IN BRIEF: Spectra announces removal of restrictions from some shares

Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Announces that restrictive legends have been removed from a further 63,192 shares. These share have transferred from the Regulation S stock line into the unrestricted line. Notes the company's share capital now comprises: 727,701 shares in the Regulation S stock line and 44.3 million shares in the unrestricted line.

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14 Jun 2023 10:50

Spectra Systems inks USD2 million central bank contract

(Alliance News) - Spectra Systems Corp said it has signed a USD1.9 million contract for the development and production of three online quality control units for a central bank, as expected.

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30 May 2023 13:33

IN BRIEF: Spectra Systems hires PwC and Mearthane alumnus as CFO

Spectra Systems Corp - Rhode Island, US-based authentication technology provider - Hires Edward Spies to be chief financial officer. Spies previously worked as a CFO consultant at accountants AAFCPAs from April 2021 to August last year and was CFO at polymer component manufacturer Mearthane Products Corp from March to September 2020. He started at accountants PricewaterhouseCoopers. Spectra announced in late April that Colleen Hamill had resigned "to explore other opportunities", after less than one year CFO. Chief Executive Officer Nabil Lawandy managed Spectra's finances in the interim, alongside Financial Controller Liz Squires.

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25 Apr 2023 14:27

TRADING UPDATES: McBride ups outlook, whilst FireAngel lowers

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

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24 Apr 2023 13:39

Spectra CFO heads for exit after annual report

(Sharecast News) - Banknote authentication and security specialist Spectra Systems announced on Monday that its chief financial officer Colleen Hamill had resigned.

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24 Apr 2023 12:11

Spectra Systems CFO Colleen Hamill leaves after less than year

(Alliance News) - Spectra Systems Corp on Monday said that Chief Financial Officer Colleen Hamill left the company on Friday, in order to "explore other opportunities."

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20 Mar 2023 09:25

Spectra Systems hails double-digit rises in yearly revenue and profit

(Alliance News) - Spectra Systems Corp on Monday lifted its yearly dividend as it saw an increase in both profit and revenue, and said it expects 2023 to meet market expectations.

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3 Oct 2022 19:52

TRADING UPDATES: Goodbody Health wins deal; Tekcapital secures funds

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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