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Spectra Systems executes a five year sensor service contract with prime client

Spectra Systems executes a five year sensor service contract with prime client

Tue 22 Jan 2019 08:02 by ukcitymedia.co.uk about : contract wins - 0 Comments - 151 words


Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, announces that it has executed a five year sensor service contract with an existing licensee, one of the world's largest banknote printers. The minimum revenue from the contract is $1.0 million excluding repair services, which will be charged on a time and materials basis.

Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are particularly delighted that the service contract with our long time licensee underpins their commitment to selling the technology and products already in the market and supplied by us.



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