LONDON: Spectra Systems Corporation has increased its equity interest in Solaris (the principal shareholder of which is Dr. Lawandy, CEO of Spectra) from 4.79 percent to 48.65 percent for an aggregate consideration of c.USD700,000. This transaction is expected to be the first of several over time which are expected to be a vehicle for building…
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Spectra executes comprehensive services contract with a central bank
LONDON: Spectra Systems Corporation has executed a comprehensive services contract with a central bank for the development, manufacture and servicing of a sensor system for this customer. Spectra Systems is a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software. The contract includes $1.9 million to initiate Phase 1 development…
Spectra Systems signs contract for enhanced counterfeit banknote detection with a major central bank
LONDON: Spectra Systems Corporation announced that it has executed a new contract with a major world central bank to enhance existing authentication sensors to detect a unique type of counterfeit notes. The contract has two phases, the first is a development phase worth $521,000 and the second phase relates to the optional upgrade of up…