Spectra Systems (GB:SPSY) has released an update.
Spectra Systems Corporation has secured a substantial $37.9 million contract to manufacture sensors for a central bank, with additional revenues anticipated to reach $39.6 million. The contract will significantly boost profits through 2029, with major revenue expected between Q1 2025 and Q4 2027. CEO Dr. Nabil Lawandy highlights this deal as a testament to the enduring necessity of banknotes and customer confidence in Spectra’s technology.
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