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Spectra Systems Corp (SPSYa.L)

SPSYa.L on London Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Spectra Systems Corp announces contract win
Thursday, 2 Jul 2015 02:00am EDT 

Spectra Systems Corp:Has entered into supply contract with Chinese manufacturer of secure documents.Contract relates to supply by Spectra Systems of at least $5.6m of high margin materials and up to $0.5m of hand-held readers, over a term of 9 years commencing in July 2016.Says contract requires minimum annual materials revenues of $0.625m, whether or not such materials are ordered.Delivery of these materials to new customer will not require additional staffing at company and will contribute entire gross margin to our earnings.  Full Article

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