I wanted to share a quick teardown and some photos of the parts inside the ALTA II reflectance spectrometer.
The ALTA II uses eleven LEDs covering different wavelengths from visible light into near infrared. Each LED provides one measurement band, and the photodetector measures the reflected intensity at that wavelength.
To use it, press the ON/OFF button and then one of the numbered wavelength buttons. The color of each wavelength is printed below its number. The selected LED turns on, and the display shows how much of that light is reflected from the object back to the photocell.
For example, a blue object should produce a high reading when illuminated by the blue LED because it reflects much of the blue light. The same object should produce a much lower reading under a wavelength it absorbs.
A white reference can represent approximately 100 percent reflection and a dark reading can represent 0 percent. The sample reading is then compared with those two values to estimate its reflectance at each wavelength.
Inside are the eleven LEDs, the photodetector, the display and the control electronics. Each LED also has its own calibration potentiometer. These were most likely adjusted at the factory using a known white reflectance reference so that every wavelength could be calibrated separately.
More information about the ALTA II:
https://www.lpi.usra.edu/education/products/spectrometer/
My two cents is that it would be cheaper to build one yourself, and for many experiments it would probably work just as well.
Teardown photos below.
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