Spectra Systems scores lottery contract renewal

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