30 Jul 2013 07:00
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July 30, 2013
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Spectra Systems Corporation
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("Spectra Systems")
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Spectra Systems Receives Large Order from Central Bank
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Spectra Systems, a leading provider of advanced technology solutions for banknote and product authentication, is pleased to announce that it has received as anticipated a significant order to supplyΒ its current machine-readable banknote authentication materials toΒ a major central bank.Β The order has a value of $10M and will be delivered in the 12 month period commencing in August 2013.
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Commenting on the above, Nabil Lawandy, CEO of Spectra Systems, stated: "We are pleased to announce this significant order which largely underpins our revenue expectations for 2013. The maintenance of a large supply of back-up inventory of our materials by the Central Bank is indicative of the importance of our products as well as their long term use".
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Enquiries:
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Spectra Systems Corporation
Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0) 401 274 4700
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WH Ireland Limited
Chris Fielding (Head of Corporate Finance) Tel: +44 (0) 20 7220 1650
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