Spectra Systems Corporation, a security technology provider for lotteries, has announced it has been selected by an unnamed Canadian lottery to provide its Premier64 Integrity internal control system (ICS).
A producer of machine-readable high-speed banknote authentication and brand protection technologies, as well as gaming security software, the firm also announced it has renewed its contract with one of its long term US lottery customers and will be converting this lottery to its Premier64 Integrity ICS.
These contracts are for a base period of five and four years respectively, and the unnamed Canadian lottery deal includes optional renewals of up to five years.
The aggregate value of these contracts is estimated at $1m over the full term, not including additional game-specific software development revenue.
CEO Dr Nabil Lawandy stated: “We are delighted to expand our ISO/IEC 27001:2013 certified operations internationally as well as convert a long term customer to our Premier64 Integrity product.
“These contracts further increase the long-term revenue stream from our government contracts segments of the business.”