Spectur Limited (ASX:SP3) is a surveillance tech company using solar security, sensing and visual AI solutions to watch and act on assets managed by its platform. The company has more than 2,500 devices deployed with greater than 600 customers, with a plurality in Western Australia, where it is headquartered. SP3 estimates it has 25% of the WA market and it has ambitions to expand operations across Australia, New Zealand and the US where it is both establishing sales teams and seeking reseller agreements. The company has the dominant name in solar beach camera-based platforms where it has more than 50 beach warning systems deployed, another 16 purchased and waiting to be deployed, and a pipeline of an additional 20 beach warning systems on its radar. Spectur also has its technology deployed across construction sites, mobile towers, military bases, and council assets. The company recently raised $3.0m before costs, through a share placement to raise $1.86m and security purchase plan (SPP) which raised $1.15m, to fund working capital for its regional expansion plans, marketing programmes, inventory purchases and platform improvements.
08 Nov 2022
Watching and acting to protect assets
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Watching and acting to protect assets
Spectur Limited (ASX:SP3) is a surveillance tech company using solar security, sensing and visual AI solutions to watch and act on assets managed by its platform. The company has more than 2,500 devices deployed with greater than 600 customers, with a plurality in Western Australia, where it is headquartered. SP3 estimates it has 25% of the WA market and it has ambitions to expand operations across Australia, New Zealand and the US where it is both establishing sales teams and seeking reseller agreements. The company has the dominant name in solar beach camera-based platforms where it has more than 50 beach warning systems deployed, another 16 purchased and waiting to be deployed, and a pipeline of an additional 20 beach warning systems on its radar. Spectur also has its technology deployed across construction sites, mobile towers, military bases, and council assets. The company recently raised $3.0m before costs, through a share placement to raise $1.86m and security purchase plan (SPP) which raised $1.15m, to fund working capital for its regional expansion plans, marketing programmes, inventory purchases and platform improvements.