Spectra Systems Corporation (LSE:SPSY) said its security printing subsidiary, Cartor Security Printers, has been selected by HM Revenue & Customs as the preferred bidder for a new UK contract to manufacture and supply duty stamps for vaping products. The contract, which is expected to be finalised shortly, will be delivered in partnership with a leading provider of tax stamp track-and-trace technology.
The agreement is valued at an estimated £38.4 million including VAT over an initial five-year term, with an option to extend for a sixth year. Spectra expects to generate around 15% of the total contract value, strengthening its exposure to government-backed security printing work. The award reinforces the Group’s position in authentication and security printing and highlights the operational benefits of its recent transatlantic reorganisation and closer integration between its US and UK operations.
From an investment perspective, Spectra Systems’ outlook remains well supported by strong financial performance and an attractive valuation profile. Healthy profit margins and effective cash flow management underpin its growth prospects, while recent contract wins add further momentum. Technical indicators point to a broadly neutral share price trend, slightly moderating an otherwise positive overall assessment.
More about Spectra Systems
Spectra Systems Corporation specialises in machine-readable, high-speed authentication technologies, security printing, brand protection solutions and gaming security software. Through its Cartor Security Printers division, the Group provides advanced security printing and authentication features to government and commercial clients, with a particular focus on tax stamps and other high-integrity security documents.
Leave a Reply