Spectra Systems Corporation ("Spectra")
Contraction of Board of Directors
Spectra Systems Corporation, a leader in machine-readable high speed banknote authentication and brand protection technologies, today announces that its Board of Directors will be reduced from seven members to four. This contraction is in response to a G 7 central bank customer security requirement relating to the composition of the Board.
As of this announcement, the Spectra Systems Board of Directors will be comprised of:
The Honorable B. J. Penn, Chairman
Mr. Martin Jaskel, Non-Executive Director
Mr. Donald Stanford, Non-Executive Director
Dr. Nabil M. Lawandy, Chief Executive Officer
The Company is indebted to the resigning non-executive directors, Messrs. Salam, Puton and Donohue for their vigorous and dedicated service to the Company and support over the years.
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
