Spectra Systems up 24% after winning Chinese contract

Spectra Systems up 24% after winning Chinese contract

Shares in Spectra Systems (SPSY:LON) rose 24.3% this morning after securing a nine year contract with Chinese supplier of secure government certificates.

Dr. Nabil Lawandy, CEO of Spectra Systems, sais: “We are extremely pleased about the penetration of our security products into Asia. Our customer is a supplier of government certificates with strong ties to other customers, which we hope will drive our revenues further. In addition, we are confident that this newrelationship will also benefit our TruBrand(TM) smartphone-based authentication technology in the Asian markets”.

Spectra Systems are  leading supplier of authentication technology for banknotes, brand authentication and tax stamps.