Spectra Systems Corporation
December 6, 2021
Spectra Systems Corporation
("Spectra")
New K-cup Optical Materials Customer Orders in Q4 Exceed Expectations
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication, brand protection technologies, and gaming security software, is pleased to announce that its newest customer using the company's optical materials in K-cups for Keurig brewers has already placed three orders totaling $394,000 since September. The orders from the new customer are already 93% of the expected 2021 revenues from this product and 46% higher than total orders in 2020.
Dr. Nabil Lawandy, Chief Executive Officer, stated: "We are very pleased to have received such large orders for our optical materials from our newest K-cup printing customer.
"Based on this order pattern, we expect that this new customer, along with the existing customer, will result in over $1MM of high margin revenue in 2022."
Enquiries:
| Spectra Systems Corporation |
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| Dr. Nabil Lawandy, Chief Executive Officer | Tel: +1 (0) 401 274 4700 |
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| WH Ireland Limited (Nominated adviser and broker) |
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| Chris Fielding (Head of Corporate Finance) | Tel: +44 (0) 20 7220 1650 |
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| Allenby Capital Limited (Joint Broker) |
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| Nick Naylor/James Reeve (Corporate Finance) | Tel: +44 (0)20 3328 5665 |
| Amrit Nahal (Sales and corporate broking) |
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