Secure transactions provider Spectra Systems announced on Monday that it almost tripled its pretax profits in 2017, as they rose 182% to $3.1m compared to the previous year.
Tech-based security solutions firm Spectra Systems has inked a licensing agreement to extend the rights of its underlying technology to an unnamed client, unlocking $11.2m in royalty payments for the firm over the next five years.
Banknote authentication and brand protection technology provider Spectra Systems Corporation announced on Monday that it has been informed by its covert authentication technology licensee that royalties based on finished printed notes will reach a record level in 2017.
Authentication technology specialist Spectra Systems announced a five-year agreement with LMI Packaging Solutions of Pleasant Prairie, Wisconsin on Thursday, to incorporate Spectra Systems authentication technology into LMI-produced coffee K-cup lids.
Spectra Systems said on Tuesday that it increased its revenue 48% in its first half of trading to $7.15m.
Spectra Systems announced Monday it had seen strong trading in the year to date thanks to unexpectedly high sales of its phosphor products and a full year of stronger margins in its in-house manufacturing.
Banknote, brand and tax stamp authentication technology supplier Spectra Systems received approval for its 'TruBrand' materials on tobacco products sold in China, it announced on Tuesday.
Following the conclusion of due diligence, Spectra Systems' new chief financial officer Brian McLain is able to carry out his duties.
Authentication technology supplier Spectra Systems announced on Monday that, subject to the satisfactory conclusion of due diligence, it has agreed to appoint Brian McLain as its new chief financial officer.
The chief financial officer of Spectra Systems, a supplier of authentication technology for banknotes, brands and tax stamps, has tendered his notice and will leave the company by the end of the year.
Spectra Systems' board indicated it was looking at a much better 2015 than it expected, in a trading update on Monday ahead of its full year results due in late April.
Spectra Systems was talking up its new revenue opportunities on Friday, having acquired a sizeable new set of phosphour assets.
Spectra Systems, a provider of advanced technology‑based security solutions, secured a nine-year contract with a Chinese manufacturer of secure documents for $5.6m.
Spectra Systems has signed two contracts of product authentication with two suppliers for its smartphone-based technology.
African Barrick Gold: Citi increases target price from 120p to 179p, but still recommends selling.
Shares in Spectra Systems declined sharply on Thursday after the group revealed that a G8 central bank customer has decided to cancel a programme on which Spectra had been working.
Amedeo Resources: Daniel Stewart initiates with a target price of 2p and a buy recommendation.