Spectra Systems Commercializes the World's First Certified Circular Polymer Banknote Substrate
Retrieved on:
Tuesday, April 2, 2024
PROVIDENCE, R.I., April 2, 2024 /PRNewswire/ -- Over the last several decades many central banks have utilized polymer substrates rather than paper to manufacture their banknotes, a shift that first began in Australia in 1988. Since then, over 60 countries have utilized polypropylene as a substrate with roughly 30% of them using polymer across all denominations.
Key Points:
- Since then, over 60 countries have utilized polypropylene as a substrate with roughly 30% of them using polymer across all denominations.
- In 2019, Spectra Systems Corporation (SPSY.L on London Stock Exchange) was the first to introduce the world's first high-speed machine-readable polymer substrate with covert signatures within the polymer to include the substrate in the security chain of polymer banknotes (Currency News, 17 (8), 2019, and Currency News, 20 (9), 2022).
- Today Spectra Systems Corporation is again changing the landscape of polymer banknotes by announcing the world's first polymer banknote substrate that is part of a mass-balanced recycling supply chain certified by the International Sustainability and Carbon Certification (ISCC) PLUS process.
- Our commercially available FUSION™ polymer banknote substrate ensures, in the case of Certified Circular polymer, that for every kilogram of polymer utilized in the substrate, an equal amount of polymer was recycled and repurposed as part of a sustainable supply chain.