Spectra Systems Corporation December 27, 2019
("The Company" or "Spectra Systems")
Issuance of Patents and Trademarks
Spectra Systems, a leading supplier of authentication technology for banknotes, brand authentication and tax stamps, is delighted to report that it has further expanded its patent estate for products used in banknote authentication, products authentication, including pharmaceutical pill coatings, and banknote cleaning.
During the period from October 2018-December 2019, the Company was either issued, granted or received notices of allowance on one USA patent and 41 foreign patents. Thirty five of the foreign patents are for authentication and banknote cleaning in African countries under the ARIPO and OAPI (African Regional Industrial Property Organization and Organisation Africaine de la Propriété Intellectuelle).
Dr. Nabil Lawandy, CEO of Spectra Systems, stated: "The continued expansion of our patent portfolio is a key driver of shareholder value and is an asset which is at the heart of our global business opportunities, protecting our position as a leader in innovation in the authentication and banknote industries"
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
