Spectra Systems Corporation

("The Company" or "Spectra")

Annual General Meeting Lack of Quorum

Spectra (AIM: SPSY.L) announces that, having received only 17 ballots, it does not have enough shareholder votes to achieve a quorum to transact business at its scheduled 2023 Annual General Meeting on 26 June 2023. The presence in person or by proxy, duly authorized, of the holders of a majority of the outstanding shares of stock entitled to vote constitutes a quorum.

A summary of the votes received is as follows:

Total shares of stock outstanding as of the record date of 26 June, 2023 was 45,059,114. Therefore, only approximately 33% of the shares of stock were voted.                    

Enquiries:

Spectra Systems Corporation

Dr. Nabil Lawandy (Chief Executive Officer)                            Tel: +1 (0) 401 274 4700