Last checked at 21 Aug 2017 07:00
Spectra Systems Corporation
("The Company" or "Spectra Systems")
Trading update and interim results date
Spectra Systems, a leading supplier of authentication technology for banknotes, brand authentication and tax stamps, is delighted to report that trading in the current year has been strong. Unexpectedly high sales of our phosphour products along with a full year of higher margin in-house manufacturing have combined to produce a strong year to date .
As a result the Board now expects the Company to significantly exceed market expectations for PBTA and cash flow for the full year ending 31 December 2017
The Board anticipates that the interim results for the 6 months ended 30 June 2017 will be released on 5 September 2017.
Dr. Nabil Lawandy, CEO of Spectra Systems stated: "We are very pleased with trading this year and are now confident that the Company will significantly exceed market expectations for the full year"
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