Spectra Systems Corporation Regulatory Approval for TruBrand Materials, China (3076L)
July 18 2017 - 2:00AM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 3076L
Spectra Systems Corporation
18 July 2017
Spectra Systems Corporation
("The Company" or "Spectra Systems")
Regulatory Approval for TruBrand(TM) Materials in China
Spectra Systems, a leading supplier of authentication technology
for banknotes, brand authentication and tax stamps, is delighted to
report that an approval for the use of Spectra's TruBrand(TM)
materials on tobacco products sold in China has been granted. The
approval was issued by The Tobacco Standardization Research Center
(CTSRC) in Beijing to one of Spectra System's potential customers.
This potential customer had applied for the approval, and remains
interested in using TruBrand(TM) materials on their products.
This approval of Spectra System's TruBrand(TM) materials should
open the way for production testing and commercialization of this
breakthrough smartphone technology. Assuming this approval is
granted to other applicants, which the directors believe is highly
likely, then other manufacturers of tobacco products in the
People's Republic of China will also be able to test and
potentially commercialize the technology. Further updates will be
provided, as appropriate.
Dr. Nabil Lawandy, CEO of Spectra Systems stated: "We believe
the approval by the CTSRC is a critical achievement in the
commercialization process of our TruBrand(TM) technology for the
large tobacco industry in China. The opportunity for the Company is
significant with over 200 billion cigarette packages being sold
annually in China"
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
This information is provided by RNS
The company news service from the London Stock Exchange
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