Spectra Systems Corporation Two Lottery Renewals (4689I)
December 14 2020 - 2:01AM
UK Regulatory
TIDMSPSY TIDMSPSC
RNS Number : 4689I
Spectra Systems Corporation
14 December 2020
Spectra Systems Corporation
("Spectra")
Two Lottery Renewals
Spectra Systems Corporation, a leader in machine-readable high
speed banknote authentication, brand protection technologies, and
gaming security software, is pleased to announce that it has
successfully renewed contracts with two USA state lottery
customers, for nine and ten-year contracts, respectively. The
aggregate value of the contracts is estimated at $1MM over the full
term with additional potential from software work plans of up to
$0.25MM.
Dr. Nabil Lawandy, Chief Executive Officer, stated: "Our renewal
of such long-term contracts with these lottery customers underpins
both the quality and stability of our software security business as
well as that of the company as a whole."
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
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