Last checked at 18 Nov 2020 07:00
November 18, 2020
Spectra Systems Corporation
("The Company" or "Spectra Systems")
Issuance of TruBrandTM Patents in China
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to to report that it has significantly strengthened its patent position through the issuance of a patent for its TruBrandTM technology in China. This technology is the only materials-based smartphone authentication technology of its kind and is being aggressively promoted for use with tobacco products in China, having achieved early stage annual sales volumes of 12,000,000 packs for the calendar year of 2020. The patent protection will be for twenty years from the filing date of July, 2016.
Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "The issuance of a patent for our TruBrandTM technology in China is a significant milestone for the company. With over 200 billion cigarette packs sold in China annually and an investment of over two years in marketing this product, we are extremely pleased to have our intellectual property protected by the Chinese government."
Enquiries:
Spectra Systems Corporation
Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0) 401 274 4700
WH Ireland Limited
Chris Fielding (Head of Corporate Finance) Tel: +44 (0) 20 7220 1650