News in Brief

New Currency Orders for Spectra

Banknote authentication and security software provider Spectra Systems Corporation has announced three new contract awards, generating $700,000 of additional unforecasted revenue for the 2022 calendar year.

One is an additional order for covert materials from its largest central bank customer, increasing this year’s initial order by 20% and bringing the aggregate order for the current year to 75% of last year’s record order size.

Another is an order for covert materials, from an AIM-listed customer which has renewed its sensor service contract at nearly double its historical annual value.

Chief executive Dr Nabil Lawandy said: ‘we are delighted to announce these new contract awards which deliver further growth in revenues from existing customers across materials, service and software business lines’.