Spectra Systems scores lottery contract renewal

15th Jul 2024 08:41

(Sharecast News) - Banknote authentication specialist Spectra System has again been selected to provide lottery gaming software to "a major western state lottery" in the US.

The AIM-listed group said on Monday that the base value of the five-year contract renewal was $636,000.

Chief executive Dr Nabil Lawandy said: "This renewal award indicates that our gaming customers value our services and is a part of the expected renewed growth of this business line under the leadership of its director, Christopher Lal".

As of 0840 BST, Spectra shares were up 2.61% at 236.0p.

Reporting by Iain Gilbert at Sharecast.com

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