Spectra Systems wins five-year EU postage stamp contract
Spectra Systems Corporation
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16:50 28/03/25
Secure transactions specialist firm Spectra Systems said on Thursday that its security printing division has received a five-year contract to produce definitive postage stamps for a European Union postal stamp supplier.
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Spectra said Cartor Security Printers was awarded the contract based on various factors such as quality, environmental impact, price, and its pioneering work in implementing hybrid stamp solutions with 2-D barcode serialisation to significantly reduce losses resulting from counterfeiting and the reuse of stamps.
The AIM-listed group stated contract was with a new customer and was expected to generate between $3.0m and $4.0m over the life of the contract, depending on demand and various options.
Andrew Brigham, Cartor's managing director, said: "We are extremely pleased that this major European postal operator has placed their trust in Cartor to support them with their security printing requirements. A key differentiator in this tender was Cartor's experience in developing and implementing hybrid stamp solutions with 2-D barcode serialisation. "
As of 1155 GMT, Spectra shares were up 2.86% at 211.90p.
Reporting by Iain Gilbert at Sharecast.com