Security technology provider Spectur (ASX: SP3) has secured its first military order for its flagship HD4 camera system following its recent inclusion as an authorised supplier to the Australian Department of Defence (DoD).
The security company has already secured Lend Lease, Rio Tinto and Iluka Resources as clients from the private sector but has now met its long-standing goal of servicing large public-sector clients such as the DoD.
Its admitted next goal is to expand its military-related clientele and potentially take its products overseas.
Delving into Spectur
Spectur is one of Australia’s leading “cloud-based security camera providers”, offering 24/7 surveillance with live streamed video that can be accessed immediately from any web-enabled device.
Its market edge and novelty is derived from its solar-powered high-definition camera systems, able to relay footage in real-time over 3G and 4G networks, as well as being able to store video for live retrieval on multiple devices.
The order from the Australian DoD, worth around A$50,000, represents the company’s first foray into servicing military clients and “clears a major hurdle” towards expanding the company’s addressable market in Australia.
“Spectur has cleared a major hurdle by being added to the Defence Departments supplier list, which means we can now be considered for defence procurement contracts. The order shows how the Company is meeting its goals of moving into new industries and markets,” said Mr Peter Holton, managing director of Spectur.
Its first defence contract represents a significant opportunity for Spectur, which has long identified military sites as a strategic opportunity for its surveillance systems.
Full spectrum security
Spectur made its debut on the ASX last year, after raising A$4.5 million and attracting capital from high-profile investors such as Paul Kehoe, former chief of Syrah Resources, Harry Hatch and Peter Anthony, two veteran investors with extensive institutional clout.
“We see a market for our high-tech surveillance products for use in protecting military infrastructure both in Australia and in overseas territories,” said Mr Holton.
According to Spectur, its thermal camera systems offer a different value proposition its HD4 cameras because they can “detect movement in complete darkness, over very long distances”.
During the hours of darkness, Spectur says that “50 powerful LED lights will turn on as soon as a user logs in to view the activity on a site”, providing plenty of illumination as well as bright, high-definition images.
Also, they can be rapidly deployed and just like with all its products, they don’t require hard wired power or communications networks to operate. This off-grid capability is attractive for clients that are in remote areas and with limited infrastructure.
Spectur claims its range of camera systems can generate significant cost-savings for its users and are able to operate in harsh arid environments in extremely remote and desolate areas.
One of its most desired features is the ability to log-in to multiple cameras remotely and observe high-definition footage which removes the need for human security guards or patrols.
A source of high demand for Spectur’s products is originating from miners based in Western Australia. Hiring multiple security guards to protect dozens of remotely-located sites is rather impractical and not cost-effective.
Spectur’s cameras help mining companies to reign in their security needs and therefore obtain a full-spectrum view of all their apparatus spread across hundreds of kilometres.