Small Company Champion & Lemming Investors Research and Newsletter Updates
Sunday, 11 April 2021
Spectra Systems - Receives notice of allowance from US Patent & Trademark Office
Spectra Systems (SPSY) Receives notice of allowance from the US Patent & Trademark Office for banknote disinfecting technology and expects a patent within six weeks. Technology can disinfect 5 million banknotes in less than two hours by using nitrogen to create an oxygen-free atmosphere, along with heat, to deactivate SARS-2. Other applications have been filed in other regions across the world.
Chief Executive Nabil Lawandy says, "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."