Spectra Systems (AIM: SPSY)
Founded in 1996, Spectra are the experts at authentication. They started with banknotes, so at first glance this may look like a business in a declining market, as the use of physical money continues to plummet in the Europe and the US. However, Spectra has other business streams, encompassing software security and secure transactions in both gaming and electronic banking, as well as systems that monitor quality during manufacturing, by marking and tracking goods.
More recently, it has developed and patented a smartphone authentication product called TruBrand. This product fills the need for suppliers and consumers to know what they are buying, and how authentic a product is, by scanning an embedded label with their smartphone. This development represents an important diversification for the company. In January 2019, Spectra’s shares rose nearly 6% on the news that a Chinese company had placed a six year order for the product. mes, trading can be thin. So while the outlook seems […]