Spectra Systems wants to help governments clean money for less

Eli Sherman

January 19, 2015 7:01 pm

SPECTRA SYSTEMS, led by CEO Nabil Lawandy, has received two patents to help central banks clean banknotes with the goal of getting more of them into circulation and saving billions of dollars per year. / PBN FILE PHOTO/FRANK MULLIN

PROVIDENCE – Spectra Systems Corp. announced Monday its receipt of two U.S. patents that the company says will go toward saving central banks billions of dollars annually on costs associated with replacing soiled banknotes. Spectra is creating a cleaning machine, slated for completion by the end of the first quarter, designed with the capacity to…