CORPORATE OBJECTIVES
Our primary corporate objective is to provide the highest quality engineered materials, hardware systems, and software applications in the areas of security and product manufacturing quality control. We strive to be a highly responsive organization that develops customized solutions for our customers.
Our strategy is to continue enhancing our existing products, develop new technologies, and increase market presence in authentication systems, secure electronic transactions, optical materials and smartphone authentication of product brands. We will capitalize on our existing suite of developed covert material products, increase our specialty materials applications, and continue to advance smartphone authentication technology and the power of the internet for authentication.
The company demonstrates its commitment to environmental sustainability through the widespread use of energy-efficient LED lighting across its research, development and manufacturing facilities, resulting in an estimated annual reduction of 59,000 kWh in energy consumption. Additionally, it actively promotes resource conservation by recycling solvents and utilizing recycled labeling products and materials.
We continue our efforts to improve sustainability with particular focus on our product manufacturing processes. Our raw materials are sourced from suppliers with sustainability programs in effect and our Fusion™ polymer banknote substrate is produced by our manufacturing partners which have implemented solar farms and cogeneration plants, followed a zero-landfill policy, and deployed new manufacturing equipment that operates on 30% less energy.
Spectra Systems is committed to preventing acts of modern slavery and human trafficking within its business operations and supply chains. Modern slavery is a crime and a violation of fundamental human rights and includes slavery, servitude, forced or compulsory labor, and human trafficking. We take a zero‑tolerance approach to such practices. Please see here for a full statement on Anti-Slavery and Human Trafficking.
Our secure transactions group’s objectives are to continue being competitive in winning new government-sanctioned gaming bids and capture new opportunities for sports betting audit systems where several states in the U.S. are expanding this as a legal gaming alternative.