Spectra Systems wins five-year postage stamp deal with EU supplier

(Alliance News) - Spectra Systems Corp on Thursday said its security printing division has won a five-year contract to produce postage stamps for an unnamed postal stamp supplier in the European Union.

The Rhode Island, US-based provider of technology for secure transactions, including banknote authentication, said the deal is expected to generate between USD3.0 million and USD4.0 million in total for its Cartor Security Printers arm.

"The contract was awarded based on factors such as quality, environmental impact, price, and Cartor's pioneering work in implementing hybrid stamp solutions with 2D barcode serialisation to significantly reduce losses resulting from counterfeiting and the reuse of stamps," said the firm.

Shares in Spectra Systems were up 2.9% at 211.90 pence in London on Thursday morning.

Cartor Security Printers' Managing Director Andrew Brigham said: "We are extremely pleased that this major European postal operator has placed their trust in Cartor to support them with their security printing requirements."

By Emily Parsons, Alliance News reporter

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