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Pin to quick picksSpectra (Unres) Share News (SPSY)

Share Price Information for Spectra (Unres) (SPSY)

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Share Price: 170.00
Bid: 165.00
Ask: 175.00
Change: -2.50 (-1.45%)
Spread: 10.00 (6.06%)
Open: 172.50
High: 172.50
Low: 170.00
Yest. Close: 172.50
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Spectra Systems Wins Services Contract With Unnamed Central Bank

Wed, 21st Oct 2020 11:01

(Alliance News) - Spectra Systems Corp said Wednesday it has won a comprehensive services contract with an unnamed central bank for the development, manufacture and servicing of a sensor system for this customer.

Shares in Spectra - which specialises in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software - were 14% higher in London on Wednesday at 196.00 pence each.

The contract includes USD1.9 million to initiate Phase 1 development work and has three major additional phases which include a USD5.6 million Phase 2 development through 2023, as much as USD34 million for the delivery of an as yet unspecified number of sensors, and a service component worth about USD7.5 million.

Chief Executive Nabil Lawandy said: "We are pleased that this technologically sophisticated central bank has provided us with the opportunity to provide new cutting edge sensors for their cash operations."

By Paul McGowan; paulmcgowan@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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