Spectra Systems Corporation (SPSY)

Sector:

Support

Index:

FTSE AIM All-Share

218.00p
   
  • Change Today:
    -7.00p
  • 52 Week High: 233.00
  • 52 Week Low: 162.50
  • Currency: UK Pounds
  • Shares Issued: 46.97m
  • Volume: 55,754
  • Market Cap: £102.39m

Spectra gets first order for banknote disinfection system

By Josh White

Date: Tuesday 16 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Authentication and security technology specialist Spectra Systems has received an order for a banknote disinfection system (BDS) to be installed at a central bank in Asia, it announced on Tuesday.
The AIM-traded firm said the system would contribute to the safety of central bank staff, who handle banknotes incoming from circulation which could carry bacterial and viral pathogens.

It said the units were capable of disinfecting banknotes of varying volumes in one hour, even when strapped or in sealed bags.

The system was based on its patented technology, which uses an oxygen-free environment and heat to eliminate a "broad spectrum" of pathogens from mould to SARS-2 on both paper and polymer banknotes.

Spectra explained that the removal of oxygen would prevent oxidative damage of the substrate, and the "costly" security features on the banknotes, from taking place.

The system was described as a "plug and play" technology, which did not require external gases as it extracts oxygen from the air and pumps pure nitrogen into the heating unit.

"The BDS system is yet another example of our ability to provide cutting edge solutions to the world's central bank customers when they need them and in record time," said chief executive officer Dr Nabil Lawandy.

"Whilst this first sale is not expected to materially impact our performance this year, we are optimistic that it will open the door to additional sales as central banks are seeing higher demands for cash with rising inflation while processing staff continue to struggle with pathogens ranging from common E. coli to SARS-2 and now monkeypox."

At 1412 BST, shares in Spectra Systems Corporation were down 1.91% at 133.4p.

Reporting by Josh White at Sharecast.com.

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SPSY Market Data

Currency UK Pounds
Share Price 218.00p
Change Today -7.00p
% Change -3.11 %
52 Week High 233.00
52 Week Low 162.50
Volume 55,754
Shares Issued 46.97m
Market Cap £102.39m

SPSY Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.71% below the market average35.71% below the market average35.71% below the market average35.71% below the market average35.71% below the market average
13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average
Price Trend
84.34% above the market average84.34% above the market average84.34% above the market average84.34% above the market average84.34% above the market average
56.44% above the sector average56.44% above the sector average56.44% above the sector average56.44% above the sector average56.44% above the sector average
Income
29.13% above the market average29.13% above the market average29.13% above the market average29.13% above the market average29.13% above the market average
41.54% above the sector average41.54% above the sector average41.54% above the sector average41.54% above the sector average41.54% above the sector average
Growth
44.58% below the market average44.58% below the market average44.58% below the market average44.58% below the market average44.58% below the market average
60% below the sector average60% below the sector average60% below the sector average60% below the sector average60% below the sector average

SPSY Dividends

  Latest Previous
  Final Final
Ex-Div 04-Jun-24 01-Jun-23
Paid 23-Jun-24 23-Jun-23
Amount 11.60¢ 11.50¢

Trades for 28-Mar-2024

Time Volume / Share Price
16:21 1,000 @ 218.50p
15:46 3,019 @ 219.00p
15:46 502 @ 219.00p
15:45 3,067 @ 216.00p
13:29 12,500 @ 217.00p

SPSY Key Personnel

CEO Nabil Lawandy

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