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IN BRIEF: Spectra Systems expects banknote-cleaner patent in six weeks

8th Apr 2021 14:31

Spectra Systems Corp - Rhode Island-based authentication technology provider - Receives notice of allowance from US Patent & Trademark Office for banknote disinfecting technology and expects patent within six weeks. Technology can disinfect 5 million banknotes in less than two hours.

"Central banks and casinos that exchange cash with the public may conclude that a proactive approach rather than denial is the logical approach to maintaining the use of cash worldwide," Chief Executive Nabil Lawandy says.

Current stock price: 183.11 pence

Year-to-date change: up 9.0%

By Ivan Edwards; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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