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IN BRIEF: Spectra Systems hails additional sensor contract win

ALN

Spectra Systems Corp - Providence, Rhode Island-based company which provides technology for secure transactions from banknotes to gaming - Announces the confirmation of a second order to produce additional sensors, beyond the $39.6 million contract announced in July 2024. The additional sensors are expected to generate revenue of $1.4 million and will be delivered between 2026 and the second quarter of 2027. Chief Executive Nabil Lawandy states: ‘We are delighted to receive a second additional requirement for our sensors, reaffirming the degree to which our technology underpins security throughout our customer’s organizational footprint.’

Current stock price: 192.50 pence

12-month change: down 15%

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