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$9.4M Boost for Spectra Systems’ Sensor Manufacturing
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$9.4M Boost for Spectra Systems’ Sensor Manufacturing

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Spectra Systems ( (GB:SPSY) ) has shared an announcement.

Spectra Systems Corporation announced it has received a $9.4 million downpayment for a contract to manufacture advanced high-speed banknote sensors, part of a $39.6 million deal. This financial boost will help accelerate the manufacturing program and enhance the company’s cash position following a recent acquisition and advance purchases of components.

More about Spectra Systems

Spectra Systems Corporation specializes in machine-readable high-speed banknote authentication, security printing, brand protection technologies, and gaming security software.

YTD Price Performance: 10.90%

Average Trading Volume: 60,766

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: £121.5M

For detailed information about SPSY stock, go to TipRanks’ Stock Analysis page.

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