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G7 Quality Control Equipment Service Contract

2 Oct 2019 07:00

RNS Number : 3983O
Spectra Systems Corporation
02 October 2019
 

Spectra Systems Corporation

G7 Quality Control Equipment Service Contract

Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, and gaming security software, is pleased to announce that it has executed a new five year service contract with a minimum value of $0.4MM. The contract with a G7 central bank provides for routine maintenance and has additional fees for time and materials when required.

 

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are delighted that our long standing G7 customer has executed a renewal of a service contract, further underpinning the continued use of our materials in their banknotes. This five year contract layers on top of existing service contracts with a major worldwide printer of banknotes and additional service contracts with our G7 customer"

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0) 401 274 4700

WH Ireland Limited

Chris Fielding, Managing Director, Corporate Finance Tel: +44 (0) 20 7220 1650

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.
 
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