June 23, 2014
Spectra Systems Corporation
("Spectra Systems")
Spectra hosts officials from the Central Bank of Indonesia for a preliminary round of testing of its Soiled Banknote Cleaning Technology.
The Board is delighted to announce that representatives of Central Bank of Indonesia will be at Spectra Systems on July 27th and 28th to perform tests in conjunction with our staff to evaluate the performance of the company's AerisTM technology which uses supercritical CO2 to clean soiled banknotes.
This initial in-house collaborative testing will be invaluable to the Company for determining the potential of this technology for producing significant savings for the central Bank of Indonesia. Spectra Systems is in the process of similar tests with other major central banks including the Banco de Mexico and two G8 central banks.
Nabil Lawandy, Spectra System's CEO, stated:
"We are honoured that members of the Central Bank of Indonesia are visiting the Company to witness firsthand the cleaning of banknotes being provided by the bank, at our facility. Indonesia, with over 250 million people and 3.5% of the world's population, provides us with a unique potential opportunity to employ our technology on a large scale."
Enquiries:
Spectra Systems Corporation
Dr. Nabil Lawandy, Chief Executive Officer Tel: +1 (0) 401 274 4700
WH Ireland Limited
Chris Fielding (Head of Corporate Finance) Tel: +44 (0) 20 7220 1650
