StockMarketWire.com - Banknote authentication group Spectra Systems Corporation said it had been selected by a 'major European lottery' to provide an internal control system.

Spectra said it had also renewed its contract with a 'long-term US state lottery customer'.

The contracts were for a base period of five and one half years and five years, respectively, both with optional renewals of up to three and five years.

Their aggregate value was estimated at $1.1m over the full term, assuming both renewal options were exercised.

They also had additional potential of around $0.2m of customized software development for new games based on averages of the company's previous eighteen domestic and international customers.




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