[JonnyRBuck12]

459,000 shares purchased so far through share buyback:

Recent filings
Filed 2022-04-12 13:43
Tx date 2022-04-01 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $6,360
+159,000 vol
$0.04 each 459,000
Filed 2022-04-12 13:43
Tx date 2022-03-29 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $240.00
+6,000 vol
$0.04 each 300,000
Filed 2022-04-12 13:41
Tx date 2022-03-25 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $2,800
+70,000 vol
$0.04 each 294,000
Filed 2022-04-12 13:40
Tx date 2022-03-21 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $5,920
+148,000 vol
$0.04 each 224,000
Filed 2022-04-12 13:36
Tx date 2022-03-18 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
38 - Redemption, retraction, cancellation, repurchase $3,040
+76,000 vol
$0.04 each 76,000
Filed 2022-04-12 13:32
Tx date 2022-03-15 $SSA
Spectra Products Inc. Spectra Products Inc.
1 - Issuer
Direct Ownership
Common Shares
00 - Opening Balance-Initial SEDI Report

[JonnyRBuck12]

Spectra Products earns $387,721 before taxes in 2021

2022-03-31 14:55 ET - News Release

Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. REPORTS 4TH QUARTER 2021 RESULTS

Spectra Products Inc. has released its financial results for the year ended Dec. 31, 2021.

Continued operational profitability in 2021 has allowed the company to increase its cash reserves by over $300,000 to $877,547 at Dec. 31, 2021.

Revenues for the year ended Dec. 31, 2021, were $1,692,872 compared with $1,594,025 for the same period in 2020. Revenues for the fourth quarter ended Dec. 31, 2021, were $390,083 compared with $408,868 for the same period in 2020.

In the year ended Dec. 31, 2021, net income before taxes of $387,721 was earned compared with net income before taxes of $486,528 for the same period in 2020. In the fourth quarter ended Dec. 31, 2021, net income before taxes of $74,246 was earned compared with net income before taxes of $113,243 for the same period in 2020.

The main factors that contributed to the $98,807 decrease in annual net income was an $83,980 expense in 2021 as a result of the issuance of director and employee stock options. There was no comparable expense in 2020.

Spectra Products is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO, Hub Alert and the Anti-Seize cotter pin, as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

[JonnyRBuck12]

Spectra Products to buy back up to 3.85 million shares

2022-03-07 10:25 ET - News Release

Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. ANNOUNCES NORMAL COURSE ISSUER BID.

The TSX Venture Exchange has accepted Spectra Products Inc.'s notice of intention to make a normal course issuer bid to purchase for cancellation, from time to time, as Spectra considers advisable, up to a maximum of 3,855,500 common shares in the capital of the company. The maximum number of common shares to be purchased pursuant to the bid represents 5 per cent of the company's 77,109,971 common shares outstanding as at the date hereof.

Purchases of common shares will be made on the open market through the facilities of the TSX Venture Exchange and/or permitted alternative trading systems. The price that Spectra will pay for any common shares purchased by it will be the prevailing market price of the common shares at the time of such purchase. The actual number of common shares that may be purchased for cancellation and the timing of any such purchases will be determined by the company.

The bid will commence on March 15, 2022, and will terminate on March 15, 2023, or at such earlier time as the bid is completed or terminated at the option of Spectra. The company has retained Canaccord Genuity Corp. as its broker to conduct the bid on its behalf.

Management of the company is of the view that at times the trading price of the common shares may not fully reflect the underlying value of the company's business. The ability of the company to repurchase its common shares for cancellation may at times represent an attractive opportunity to enhance the company's per common share metrics and thereby increase the underlying value of the common shares for all shareholders. In addition, the bid may increase liquidity for shareholders who wish to sell their common shares.

Spectra Products is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO, Hub Alert and the Anti-Seize Cotter Pin, as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

[JonnyRBuck12]

Spectra earns $123,215 before taxes in Q3 2021

2021-10-26 10:04 ET - News Release


Mr. Andrew Malion reports

SPECTRA PRODUCTS 3RD QUARTER FINANCIALS PRESS RELEASE

Spectra Products Inc. has released its financial results for the nine months ended Sept. 30, 2021.

Revenues for the nine-month period ending Sept. 30, 2021, were $1,302,789 compared with $1,185,159 for the same period in 2020. Revenues for the third quarter ending Sept. 30, 2021, were $421,848 compared with $343,882 for the same period in 2020.

In the nine-month period ended Sept. 30, 2021, net income before taxes of $313,475 was earned compared with net income before taxes of $373,285 for the same period in 2020. In the third quarter ended Sept. 30, 2021, net income before taxes of $123,215 was earned compared with net income before taxes of $121,910 for the same period in 2020.

The main factors that contributed to the $59,810 decrease in nine-month net income was an $83,980 expense in 2021 as a result of the issuance of director and employee stock options. There was no comparable expense in 2020.

As at Sept. 30, 2021, cumulative other comprehensive income, representing the after-tax realized and unrealized gains on investments, totalled $28,901.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO, Hub Alert and the Anti-Seize Cotter Pin as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

[JonnyRBuck12]

Spectra Products to offer Optimum Fleet program

2021-08-18 10:47 ET - News Release

Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. ANNOUNCES SIGNING RESELLER AGREEMENT WITH OPTIMUM FLEET HEALTH

Spectra Products Inc. has signed a reseller agreement with Optimum Fleet Health, the leader in predictive maintenance solutions using artificial intelligence to reduce or eliminate unplanned repairs and unscheduled downtime in the transportation industry in North America.

Under this agreement Spectra Products Inc. will offer the Optimum Fleet Health program to its existing Fleet customers and potential prospects in Canada and the United States through direct contact with senior management at these fleets.

"We are very excited about our new partnership with Spectra. This will allow Spectra's existing fleet customers to harness the full capabilities of Optimum Fleet Health's predictive maintenance software. Maintenance teams can now analyze their fleet using a real-time predictive system rather than time or calendar-based maintenance. The solution provides the client with the opportunity to reduce unscheduled downtime and eliminate inefficient processes of overstocking parts and double scheduling of assets. From the technician's perspective, diagnostics time for troubleshooting can be reduced by as much as 80%." says Optimum's CEO Bob Moran.

This is a mutually beneficial agreement that will allow Optimum Fleet Health to present Spectra Products' wheel end safety products to their existing customer base of over 100,000 vehicles.

Optimum Fleet Health's predictive maintenance solution helps businesses detect unforeseen vehicle issues, diagnose the cause, predict relative time to failure, and prescribe a detailed resolution path up to four weeks in advance. Optimum uses data transmitted from telematics devices to analyze thousands of key performance indicators, allowing maintenance managers to monitor the health of assets in real-time. Any anomalies of system components will trigger maintenance events to be prioritized, scheduled, and corrected before they lead to unplanned downtime.

"We have already had very positive response from an initial group of customers that are excited about starting trials with the Predictive AI technology of Optimum Fleet Health" said Andrew Malion President of Spectra Products Inc." "With on the road repairs costing on the average of four times as much as a repair in the shop, fleets are looking for ways to reduce unnecessary maintenance costs and Optimum Fleet Health can reduce these costs dramatically" Spectra Products will receive a recurring monthly fee for each vehicle on the Optimum Fleet Health program introduced by Spectra Products Inc.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO,the Termin-8RO line of Electric Vehicle protection for charging ports and charging stations, anti-corrosion, extreme pressure lubricants, Hub Alert, and the Anti-Seize Cotter Pin(TM). Learn more at www.spectraproducts.ca

Optimum Fleet Health is a leader in predictive maintenance analytics for diesel-powered fleets. Our mission is to help clients improve the overall safety, efficiency, and functionality of operational assets. We focus on adding instant value for each company we support by helping fleets immediately reduce operational costs and disruptions from unplanned maintenance activities. Simply put - Optimum Drives Uptime by anticipating breakdowns weeks in advance. We achieve this by using predictive analytics to leverage a vehicle's historical data profile, and couple it with our industry-leading in-depth technical knowledge to deliver accurate and early identification of mechanical issues. This intelligence is driven by our proprietary Optimum VRx engine, which uses our Enginetics(TM) database to analyze more than 8,000 key performance indicators. Optimum VRx analysis changes hindsight to foresight by enabling your maintenance organization to predict system failures or quality issues before they happen. On top of our artificial intelligence learning models, Optimum Fleet Health has industry-leading mechanics on staff that analyze and validate each diagnostic event. Our mechanics ensure the notifications your managers receive are relevant and critical to operational success. Learn more at www.optimumfleethealth.com

We seek Safe Harbor.

[JonnyRBuck12]

Spectra earns $111,571 before taxes in Q2 2021

2021-07-26 10:11 ET - News Release


Mr. Andrew Malion reports

SPECTRA PRODUCTS PRESS RELEASE REPORT 29TH QUARTER OF OPERATIONAL PROFIT

Spectra Products Inc. has released its financial results for the six months ended June 30, 2021.

Revenues for the six-month period ending June 30, 2021, were $880,941 compared with $841,277 for the same period in 2020. Revenues for the second quarter ending June 30, 2021, were $391,237 compared with $305,351 for the same period in 2020.

In the six-month period ended June 30, 2021, net income before taxes of $190,260 was earned compared with net income before taxes of $251,375 for the same period in 2020. In the second quarter ended June 30, 2021, net income before taxes of $111,571 was earned compared with net income before taxes of $74,862 for the same period in 2020.

The main factors that contributed to the $61,115 decrease in six-month net income was an $83,980 expense in 2021 as a result of the issuance of director and employee stock options. There was no comparable expense in 2020.

As at June 30, 2021, cumulative other comprehensive income, representing the after-tax realized and unrealized gains on investments, totaled $65,797.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO, Hub Alert and the Anti-Seize Cotter Pin as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

[JonnyRBuck12]

Looks like a new brochure for Termin8r in the EV space - https://www.facebook.com/Spectraproducts/

[JonnyRBuck12]

Spectra Products Inc. Reports First Quarter 2021 Results

For Immediate Release – May 17, 2021

Toronto, Ontario – Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the
three-months ended March 31, 2021.

Revenues for the three-month period ending March 31, 2021 were $489,704 compared to $535,926 for the same period
in 2020.

In the three-month period ended March 31, 2021, net income before taxes of $78,689 was earned compared to net
income before taxes of $176,513 for the same period in 2020.

The main factors that contributed to the $97,824 decrease in net income were an $83,980 expense in 2021 as a result of the issuance of director and employee stock options and a $16,948 reduction in gross profit, due to lower sales.

As at March 31, 2021, Cumulative Other Comprehensive Income, representing the after-tax unrealized gain on investments, totaled $164,799.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake Safe, Brake Inspector, Zafety Lug Lock, Hub Alert™ and the Anti-Seize Cotter Pin™ as well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.

Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release.

[JonnyRBuck12]

Spectra Products Inc. May 2021 Company Presentation - Termin8r Product For Battery Maintenance

https://static1.squarespace.com/static/5570c637e4b093e99edb8082/t/609c3974b8cbb73b36b9ef95/1620851061144/Spectra+Products+Inc.+Company+Presentation+May+2021+%28Amended+May+12%29.pdf

On Page 5:

Termin-8R has been protecting Electronics against corrosion for over 25 years in North America. The Electrical Vehicle (EV) Market has moved into the fast lane and the electrification of Passenger and Commercial vehicles is here to stay. If your Electric vehicle is even a few years old, chances are your charge port is starting to show signs of corrosion. Allowing this corrosion to build up can lead to contact failure, overheating, shorting, and a reduction in charging efficiency. As a result, your battery will take longer to load or fail to charge up fully. Low Volatile Organic Compound (VOC) means Termin-8R is safe for use on sensitive materials such as circuit boards, computer sensors, silicone, rubber and plastic, with no risk of damage or performance degradation. Many chemical sprays have high VOC levels and are damaging to equipment and components in day to day use for numerous transportation applications. Multi-functional Termin-8R® outperforms single-use chemical sprays and eliminates the need to stock many limited, one-use-only products: Dielectric Lubrication, Penetrant and Anti-Seize, High Pressure Lubricant, Corrosion Removal & Control, Moisture Eliminator, Contact Cleaner, Chain & Cable Lubricant, Battery Terminal Cleaner & Protector. Termin-8R’s dielectric feature makes it safe and ideal for electrical connections and equipment.

[JonnyRBuck12]

SSA Company Performance Chart From 2006 To 2020

Year--- Revenue--- Profit/(-Loss)--- Assets/Liabilities--- Asset/Debt Ratio
2006--- $807,000--- (-$485,000)--- $464,000--- $2,505,000--- 0.19
2007--- $794,000--- (-$1,010,000)--- $678,000--- $2,104,000--- 0.32
2008--- $844,000--- (-$758,000)--- $593,000--- $2,630,000--- 0.23
2009--- $774,000--- (-$648,000)--- $353,000--- $3,040,000--- 0.12
2010--- $1,160,000--- (-$340,000)--- $388,000--- $3,400,000---0.11
2011--- $1,230,000--- $177,000--- $399,000--- $2,146,000--- 0.19
2012--- $1,170,000--- (-$315,000)--- $274,000--- $2,260,000--- 0.12
2013--- $1,280,000--- (-$74,000)--- $292,000--- $2,280,000--- 0.13
2014--- $1,440,000--- $45,000--- $343,000--- $2,207,000--- 0.16
2015--- $1,820,000--- $189,000--- $445,000--- $1,840,000--- 0.24
2016--- $1,550,000--- $152,000--- $417,000--- $1,490,000--- 0.28
2017--- $1,780,609--- $222,810--- $479,631--- $1,325,665--- 0.36
2018--- $2,045,806--- $495,372--- $747,183--- $1,097,845--- 0.68
2019--- $2,036,047--- $872,875--- $1,432,222--- $370,683--- 3.86
2020--- $1,594,026--- $603,462--- $1,948,485--- $283,484--- 6.87

[JonnyRBuck12]

Spectra Products Inc. Reports Fourth Quarter 2020 Results

For Immediate Release – April 27, 2021

Toronto, Ontario – Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the twelve-month ended December 31, 2020. Revenues for the twelve-month period ending December 31, 2020 were $1,594,026 compared to $2,036,047 for the same period in 2019. Revenues for the fourth quarter ending December 31, 2020 were $408,867 compared to $380,944 in 2019.

In the twelve-month period ended December 31, 2020, income before income taxes of $486,528 was earned and other comprehensive income before income taxes of $285,041 was earned, resulting in total comprehensive income before income taxes for the twelve-month period ended December 31, 2020 of $771,569. For the twelve-month period ended December 31, 2020 total comprehensive income, after income taxes, was $603,462.
“In spite of the severe downturn in the economy due to Covid-19, the Company’s Gross Profit decreased much less than the general decline in the economy. Also, management was able to produce substantial reductions in expenses. Together these factors allowed the company to report its second highest level of Income Before Taxes in the Company’s history.” stated Andrew Malion, the Company’s President.

Comparatively, in the twelve-month period ended December 31, 2019, income before income taxes of $364,468 was earned and other comprehensive income before income taxes of $0 was earned, resulting in total comprehensive income before income taxes for the twelve-month period ended December 31, 2019 of $364,468. As a result of the improved financial position of the Company, in the fourth quarter of 2019, a deferred tax asset of $508,407 was recognized. Accordingly, for the twelve-month period ended December 31, 2019 total comprehensive income, after income taxes, was $872,875.

In the fourth quarter ended December 31, 2020, income before income taxes of $113,243 was earned and other comprehensive income before income taxes of $285,041 was earned, resulting in total comprehensive income before income taxes for the fourth quarter ended December 31, 2020 of $389,284. For the fourth quarter ended December 31, 2020 total comprehensive income, after income taxes, was $329,097.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeÒ, Brake InspectorÒ, Zafety Lug LockÒ, Hub Alert™ and the Anti-Seize Cotter Pin™ as well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.

Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release.

On behalf of the Board of Directors,
Andrew Malion, President, Spectra Products Inc.
Investor Relations: 1-800-308-5255
E-Mail: [e-mail]
Website: www.spectrainc.ca

[JonnyRBuck12]

SSA Technical Charts - 100% Buy Rating

https://www.barchart.com/stocks/quotes/SSA.VN/opinion

Overall Average:
100% BUY
Overall Average Signal calculated from all 13 indicators. Signal Strength is a long-term measurement of the historical strength of the Signal, while Signal Direction is a short-term (3-Day) measurement of the movement of the Signal.

Barchart Opinion
INDICATOR
Opinion Strength & Direction
Composite Indicator
TrendSpotter
BUY
Short Term Indicators
20 Day Moving Average
BUY
20 - 50 Day MACD Oscillator
BUY
20 - 100 Day MACD Oscillator
BUY
20 - 200 Day MACD Oscillator
BUY
20 - Day Average Volume: 210,365 Average: 100% BUY
Medium Term Indicators
50 Day Moving Average
BUY
50 - 100 Day MACD Oscillator
BUY
50 - 150 Day MACD Oscillator
BUY
50 - 200 Day MACD Oscillator
BUY
50 - Day Average Volume: 177,835 Average: 100% BUY
Long Term Indicators
100 Day Moving Average
BUY
150 Day Moving Average
BUY
200 Day Moving Average
BUY
100 - 200 Day MACD Oscillator
BUY
100 - Day Average Volume: 142,160 Average: 100% BUY

[JonnyRBuck12]

Year Revenue Profit/(-Loss) Assets Liabilities Asset/Debt Ratio
2006 $807,000 -$485,000 $464,000 $2,505,000 0.19
2007 $794,000 -$1,010,000 $678,000 $2,104,000 0.32
2008 $844,000 -$758,000 $593,000 $2,630,000 0.23
2009 $774,000 -$648,000 $353,000 $3,040,000 0.12
2010 $1,160,000 -$340,000 $388,000 $3,400,000 0.11
2011 $1,230,000 $177,000 $399,000 $2,146,000 0.19
2012 $1,170,000 -$315,000 $274,000 $2,260,000 0.12
2013 $1,280,000 -$74,000 $292,000 $2,280,000 0.13
2014 $1,440,000 $45,000 $343,000 $2,207,000 0.16
2015 $1,820,000 $189,000 $445,000 $1,840,000 0.24
2016 $1,550,000 $152,000 $417,000 $1,490,000 0.28
2017 $1,780,609 $222,810 $479,631 $1,325,665 0.36
2018 $2,045,806 $495,372 $747,183 $1,097,845 0.68
2019 $2,036,047 $872,875 $1,432,222 $370,683 3.86
2020(Q1-Q3) $1,185,159 $274,365 $1,640,772 $304,868 5.38

[JonnyRBuck12]

Spectra earns $121,910 before taxes in Q3

2020-10-15 07:55 MT - News Release


Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. REPORTS 3RD QUARTER RESULTS

Spectra Products Inc. has released its financial results for the nine months ended Sept. 30, 2020. Revenues for the nine-month period ending September 30, 2020 were $1,185,159 compared to $1,655,103 for the same period in 2019. Revenues for the third quarter ending September 30, 2020 were $343,882 compared to $491,286 for the same period in 2019.

In the nine-month period ended September 30, 2020, a net profit before income taxes of $373,285 was earned compared to a net profit before income taxes of $435,777 for the nine-month period ended September 30, 2019. In the third quarter ended September 30, 2020, a net profit before income taxes of $121,910 was earned compared to a net profit before income taxes of $136,828 for the third quarter ended September 30, 2019.

As a result of the COVID-19 virus, the slow-down in the various market segments reduced the Company's revenue levels in the third quarter of 2020, however the Company was still able to remain profitable. The Company has strong cash reserves and is well positioned to maintain operations, albeit at reduced levels of revenue and profitability, until market levels return to normal.

Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeO, Brake InspectorO, Zafety Lug LockO, Hub AlertTM and the Anti-Seize Cotter PinTM as well as the Termin-8RO line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

[JonnyRBuck12]

IPA.V hitting an all time high now (over ($2 a share) and SSA.V has a $75,000 debenture that is convertible to 88,000 shares at a cost of $0.85. So between the earnings from selling Spectra Products, plus the increase in value on their debenture investment, I would say the stock is quite undervalued.

[JonnyRBuck12]

Company sales slowed, but still making a profit. Balance sheet is getting stronger every quarter. At the same time, Spectra Products is now investing in other companies through debentures.

From the MD&A on page 8:

As well as the cash resources the Company had, at June 30, 2020, invested in $75,000 in a convertible debenture in Immunoprecise Antibodies Ltd, bearing interest at 10%, maturing on May 15, 2022 and convertible into common shares at a price of $0.85 per share. This resulted in short term cash and term deposits of $457,426, compared to an equivalent amount of $305,829 at December 31, 2019.

News release:

Spectra Products Inc. Reports Second Quarter 2020 Results For Immediate Release – July 23, 2020 Toronto, Ontario – Spectra Products Inc. (SSA: TSX VENTURE) reports the release of its financial results for the six months ended June 30, 2020. Revenues for the six-month period ending June 30, 2020 were $841,277 compared to $1,163,817 for the same period in 2019. Revenues for the second quarter ending June 30, 2020 were $305,351 compared to $668,310 for the same period in 2019. In the six-month period ended June 30, 2020, a net profit before income taxes of $251,375 was earned compared to a net profit before income taxes of $298,949 for the six-month period ended June 30, 2019. In the second quarter ended June 30, 2020, a net profit before income taxes of $74,862 was earned compared to a net profit before income taxes of $192,662 for the second quarter ended June 30, 2019. As a result of the COVID-19 virus, the slow-down in the various market segments reduced the Company’s revenue levels in the second quarter of 2020, however the Company was still able to remain profitable. The Company has strong cash reserves and is well positioned to maintain operations, albeit at reduced levels of revenue and profitability, until market levels return to normal. Spectra Products Inc. is the Toronto-based North American designer, manufacturer and distributor of wheel end safety products to the transportation industry. These products include Brake SafeÒ, Brake InspectorÒ, Zafety Lug LockÒ, Hub Alert™ and the Anti-Seize Cotter Pin™ as well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants. Except for the historical information contained herein, this news release contains forward looking statements that involve risks and uncertainties, including the impact of competitive products and pricing and general economic conditions as they affect the Corporation’s customers. Actual results and developments may therefore differ materially from those described in this release. On behalf of the Board of Directors, Andrew Malion, President, Spectra Products Inc. Investor Relations: 1-800-308-5255 E-Mail: [e-mail] Website: www.spectrainc.ca

[JonnyRBuck12]

Spectra has Q1 profit before tax of $176,513

2020-05-04 07:29 MT - News Release


Mr. Andrew Malion reports

SPECTRA PRODUCTS INC. REPORTS FIRST QUARTER 2020 RESULTS

Spectra Products Inc. has released its financial results for the three months ended March 31, 2020. Revenues for the three-month period ending March 31, 2020, were $535,926 compared with $495,507 for the same period in 2019.

In the three-month period ended March 31, 2020, a net profit before income taxes of $176,513 was earned compared with a net profit before income taxes of $106,287 for the three-month period ended March 31, 2019.

About Spectra Products Inc.

Spectra is the Toronto-based North American designer, manufacturer and distributor of wheel-end safety products to the transportation industry.

We seek Safe Harbor.

© 2020 Canjex Publishing Ltd. All rights reserved.

[JonnyRBuck12]

Spectra Products Inc. (previously Spectra Inc.) Reports
Fourth Quarter 2019 Results
For Immediate Release – April 23, 2020
Toronto, Ontario – Spectra Inc. (SSA: TSX VENTURE) reports the release of its financial results
for the twelve-month ended December 31, 2019. Revenues for the twelve-month period ending
December 31, 2019 were $2,036,047 compared to $2,045,806 for the same period in 2018.
Revenues for the fourth quarter ending December 31, 2019 were $380,944 compared to $444,429
in 2018.
In the twelve-month period ended December 31, 2019, a net profit before income taxes of
$364,468 was earned compared to a net profit before income taxes of $495,372 for the twelvemonth period ended December 31, 2018.
The fourth quarter ended December 31, 2019 showed a net loss before income taxes of $71,309
compared to a net profit before income taxes of $108,436 for the fourth quarter ended December
31, 2018.
As a result of the improved financial position of the Company, the Directors now believe that a
deferred tax asset of $508,407 can be recognized. This was done in the fourth quarter of 2019,
resulting in net profit after taxes for the fourth quarter of 2019 of $437,098 and net profit after
taxes for of $872,875 for the year ended December 31, 2019.
Spectra Products Inc. is the Toronto-based North American designer, manufacturer and
distributor of wheel end safety products to the transportation industry. These products include
Brake SafeÒ, Brake InspectorÒ, Zafety Lug LockÒ, Hub Alert™ and the Anti-Seize Cotter Pin™ as
well as the Termin-8RÒ line of anti-corrosion and extreme pressure lubricants.
Except for the historical information contained herein, this news release contains forward looking
statements that involve risks and uncertainties, including the impact of competitive products and
pricing and general economic conditions as they affect the Corporation’s customers. Actual
results and developments may therefore differ materially from those described in this release.
On behalf of the Board of Directors,
Andrew Malion, President, Spectra Products Inc.
Investor Relations: 1-800-308-5255
E-Mail: [e-mail]
Website: www.spectrainc.ca

[JonnyRBuck12]

Owner-Operator Independent Drivers Association (OOIDA)Like Page
3 hrs ·
At 6 p.m. Central on SiriusXM 146:

Some violations turn up over and over in out-of-service orders.

Often the most common involve your brakes.

Mark Reddig gets information and advice from Andy Malion of Brake Safe/Spectra Products Inc. and Tom Crowley of OOIDA’s Business Services Dept.

A new year has begun but the year that just ended was a significant one for the trucking industry.

Land Line Media has documented that year front to back.

The stories of 2019 from Jami Jones, Greg Grisolano, Mark C. Schremmer and Tyson Fisher.

Wyoming lawmakers are looking at proposal to allow tolling on Interstate 80.

OOIDA has taken a stand on the effort.

That and more with OOIDA Manager of Government Affairs Mike Matousek.

Terry P. Scruton news includes:

Supreme Court will hear case involving scandal on the George Washington Bridge.

Transportation jobs took a hit in 2019.

And

That’s one way to get your hands on a Popeyes Louisiana Kitchen chicken sandwich.

https://landline.media/land-line-now/

[JonnyRBuck12]

Spectra changes name to Spectra Products Inc.

2020-01-02 06:29 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. ANNOUNCES AMALGAMATION AND NAME CHANGE TO SPECTRA PRODUCTS INC.

Spectra Products Inc. (formerly Spectra Inc.) completed a vertical short-form amalgamation with its wholly owned subsidiary Spectra Products Inc. under Section 184(1) of the Business Corporations Act (Alberta) on Jan. 1, 2020. The amalgamation was approved by the board of directors of each of the amalgamating companies. In accordance with the amalgamation, the company changed its name from Spectra Inc. to Spectra Products Inc. The company's stock trading symbol will remain as SSA on the TSX Venture Exchange and it is expected that the company's stock will commence trading under its new name next week following receipt of final approval from the TSX-V.

No action will be required by existing shareholders or holders of certificates representing common shares with respect to the name change. The company's new Cusip number is 84757D100 and its new ISIN number is CA84757D1006.

About Spectra Inc.

Spectra is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, the visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme pressure lubricants.


© 2020 Canjex Publishing Ltd. All rights reserved.



FYI: I spoke to the company regarding the reason for this amalgamation and it was done in order to use over $1 million in tax loss credits from the parent company towards the profitable cashflow of the subsidiary. So Spectra can add over $ 1 million in cash to the bank without having to pay tax on it. Given that the company has been profitable since 2014 and net income grows every year, this is a massive bonus for shareholder value.

[JonnyRBuck12]

Spectra Numbers From 2006 To 2019 Compared: http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1evo53d-SSA%20Numbers%202006-2019.jpg

[JonnyRBuck12]

Spectra earns $136,828 in Q3 2019

2019-10-28 12:29 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS THIRD QUARTER 2019 RESULTS

Spectra Inc. has released its financial results for the first nine months of 2019. Revenues for the nine-month period ending Sept. 30, 2019, were $1,655,103 compared with $1,601,377 for the same period in 2018, an increase of 3.36 per cent. Revenues for the third quarter ending Sept. 30, 2019, were $491,286 compared with $559,181 in 2018, a decrease of 12.15 per cent.

The third quarter ending Sept. 30, 2019, showed a net profit of $136,828 compared with a net profit of $145,065 for the third quarter ended Sept. 30, 2018.

During the nine-month period ending Sept. 30, 2019, a net profit of $435,777 was generated compared with a net profit of $386,926 for the nine-month period in 2018.

About Spectra Inc.

Spectra, through its subsidiary, Spectra Products, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, a visual brake stroke indicating system; Brake Inspector, the company's electronic in-cab air brake diagnostic system; and the Termin-8R line of anti-corrosion and extreme-pressure lubricants.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

[JonnyRBuck12]

Spectra earns $192,662 in Q2 2019

2019-07-31 09:34 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS SECOND QUARTER 2019 RESULTS

Spectra Inc. has released its financial results for the first six months of 2019. Revenues for the six-month period ending June 30, 2019 were $1,163,187 compared to $1,042,196 for the same period in 2018, an increase of 11.6 percent. Revenues for the second quarter ending June 30, 2019 were $668,310 compared to $470,187 in 2018, an increase of 42.1 percent.

The second quarter ending June 30, 2019 showed a net profit of $192,662 compared to a net profit of $92,095 for the second quarter ended June 30, 2018.

During the six-month period ending June 30, 2019, a net profit of $298,949 was generated compared to a net profit of $241,871 for the six-month period in 2018.

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe(, the visual brake stroke indicating system, Brake Inspector(, the company's electronic in-cab air brake diagnostic system and the Termin-8R( line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the new ARROW LOGGER(TM) brake stroke data logger that has been designed to enhance the performance of the Brake Safetrademark system. Spectra distributes Zafety Lug Lock(, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and HUB ALERT(TM), an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure and corresponding maintenance and repair costs.

© 2019 Canjex Publishing Ltd. All rights reserved.

[JonnyRBuck12]

Spectra's Patel resigns as director

2019-07-22 13:25 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS RESIGNATION OF DIRECTOR

Kam Patel has resigned as a director of Spectra Inc. A replacement for his position on the board of directors will be announced in the near future.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

[JonnyRBuck12]

Spectra's Campbell resigns as director, chairman

2019-07-15 10:00 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS RESIGNATION OF DIRECTOR AND CHAIRMAN

Glen Campbell has resigned as a director and chairman of both Spectra Products Inc. and Spectra Inc. His role as Chairman will be fulfilled by Mr. Andrew Malion, currently President of both companies.

Mr. Campbell will continue to provide financial consulting services to the Companies and will retain the position of Chief Financial Officer. Mr. Malion commented "Mr. Campbell has decided to go into "semi-retirement" and to reduce his corporate responsibilities. We are pleased that he will continue to provide critical administrative and financial reporting services to both companies until the end of 2022."

Spectra Inc., also advises that Mr. Kevin Haney of Dauphin, Manitoba was nominated to fill this vacancy on the Board of Directors and this nomination has been accepted by the Board. Mr. Haney will join the Board of Directors subject to Regulatory consent. Mr. Haney has over 20 years of business experience in the Oil industry and over a decade in the Transportation Logistics business. Mr. Haney is also a Director of KFG Resources (TSXV: KFG).

Spectra Inc., through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe(, the visual brake stroke indicating system, Brake Inspector(, the company's electronic in-cab air brake diagnostic system and the Termin-8R( line of anti-corrosion and extreme pressure lubricants. Spectra manufacturers and distributes the ARROW LOGGER(TM) brake stroke data logger that has been designed to enhance the performance of the Brake Safetrademark system. Spectra distributes Zafety Lug Lock(, a lug nut retainer that uses the resistance between wheel nuts to minimize their ability to rotate and loosen, reducing the risk of wheel damage or wheel loss and HUB ALERT(TM), an innovative heat sensing label that provides an alert for overheating wheel ends, reducing the risk of bearing failure.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

[JonnyRBuck12]

Spectra redeems 250 preferred shares held by CABE

2019-07-09 11:22 MT - News Release


Mr. Andrew Malion reports

SPECTRA INC. REPORTS REDEMPTION OF PREFERRED SHARES

Spectra Inc. has redeemed 250 preferred shares held by CABE Financial Corp.

Due to continued strong results in the first half of 2019, the corporation was able to redeem 250 preferred shares for $250,000. This is well ahead of the required redemption dates of Dec. 31, 2019, and June 30, 2020; each for 125 shares at $1,000 per share.

"With this redemption, we will have now redeemed all of the 750 preferred shares originally issued to Dynamic Venture Opportunity Fund and acquired by CABE in December, 2017," stated Andrew Malion, president of Spectra.

About Spectra Inc.

Spectra, through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe, Brake Inspector and the Termin-8R. Spectra manufacturers and distributes the new Arrow Logger brake stroke data logger that has been designed to enhance the performance of the Brake Safe system.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.

[JonnyRBuck12]

Spectra buys 1,315 Spectra Products shares from CABE

2019-07-08 07:26 MT - News Release


Mr. Glen Campbell reports

SPECTRA INC. ANNOUNCES PURCHASE OF COMMON SHARES OF SPECTRA PRODUCTS INC.

Spectra Inc. has purchased from CABE Financial Corp. a 33.25-per-cent interest in the common shares of Spectra Products Inc.

Pursuant to the transaction, Spectra purchased 1,315 common shares of Spectra Products from CABE for consideration of $300,000, resulting in Spectra owning 100 per cent of the issued and outstanding common shares of Spectra Products.

About Spectra Inc.

Spectra, through its wholly owned subsidiary, Spectra Products, is the Toronto-based North American designer, manufacturer and distributor of Brake Safe.

© 2019 Canjex Publishing Ltd. All rights reserved.

[JonnyRBuck12]

Spectra repays $652,065 royalty debenture

2019-07-04 12:39 MT - News Release


Mr. Glen Campbell reports

SPECTRA INC. REPORTS REPAYMENT OF ROYALTY DEBENTURE

Spectra Inc. has noted the payout on June 28, 2019, of the royalty debenture in the amount of $652,065.

This royalty debenture was originally issued on Aug. 4, 2004, and was due to mature on Aug. 4, 2019.

The financing received on the recently completed private placement of 16.6 million common shares for a gross receipt of $830,000, allowed the repayment of the royalty debenture in full, extinguishing the debt.

Spectra, through its subsidiary, Spectra Products Inc., is the Toronto-based North American designer, manufacturer and distributor of Brake Safe (a visual brake stroke indicating system), Brake Inspector (the company's electronic in-cab air brake diagnostic system) and the Termin-8R line of anti-corrosion and extreme pressure lubricants.

We seek Safe Harbor.

© 2019 Canjex Publishing Ltd. All rights reserved.