Last checked at 6 Dec 2021 07:00
Spectra Systems Corporation
December 6, 2021
Spectra Systems Corporation("Spectra")
New K-cup Optical Materials Customer Orders in Q4 Exceed Expectations
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to announce that its newest customer using the company's optical materials in K-cups for Keurig brewers has already placed three orders totaling $394,000 since September. The orders from the new customer are already 93% of the expected 2021 revenues from this product and 46% higher than total orders in 2020.
Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are very pleased to have received such large orders for our optical materials from our newest K-cup printing customer.
"Based on this order pattern, we expect that this new customer, along with the existing customer, will result in over $1MM of high margin revenue in 2022."
Enquiries:
Spectra Systems Corporation |
|
Dr. Nabil Lawandy, Chief Executive Officer | Tel: +1 (0) 401 274 4700 |
|
|
WH Ireland Limited (Nominated adviser and broker) |
|
Chris Fielding (Head of Corporate Finance) | Tel: +44 (0) 20 7220 1650 |
|
|
Allenby Capital Limited (Joint Broker) |
|
Nick Naylor/James Reeve (Corporate Finance) | Tel: +44 (0)20 3328 5665 |
Amrit Nahal (Sales and corporate broking) |
|
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.