Spectur extends reach with Australia Tower Network contract
Spectur’s contract with Australia Tower Network will continue for five years with a two-year statement of works.
Spectur (ASX: SP3) has extended its reach after signing an agreement with Optus and Australia Tower Network (ATN) to design, build, install and maintain security hardware at sites across Australia.
The contract mirrors a recent master services agreement (MSA) with Optus parent company Singtel that was inked in November, and will continue for five years, with a two year statement of works.
This agreement alleviates possible risk to Spectur that may arise from Singtel’s sale of 70% of ATN to Australian Super and paves the way for ATN to issue new orders directly to Spectur.
Under the direct deal, Spectur will provide solar-powered security hardware, field and monitoring services, and software subscriptions for security of ATN’s remote assets across Australia.
ATN’s nation-wide assets include 2,312 mobile network towers and rooftop sites.
Commenting on the contract with ATN, Spectur managing director Gerard Dyson said the company was pleased to provide ongoing services to core Optus assets as well as ATN.
“Our solutions substantially reduce risk for key items of critical infrastructure and we are pleased to extend our offering in this way.”
Mr Dyson said he was looking forward to expanding the company’s services to other owners of critical infrastructure and utilities in the future.
Optus MSA
In November last year, Spectur signed a five-year MSA with Singtel and a two-year statement of works that applied to Optus’ assets within Australia.
It was an extension to an existing statement of works between Optus and Spectur, with the total value amounting to about $1.068 million.
As part of the agreement with Optus, Spectur is rolling-out its security technology on the telecommunications company’s remote assets.
Mr Dyson said the Optus contract was a milestone for Spectur.
In February this year, Spectur signed its previously largest single-value sale to provide all emergency response beacons for Surf Life Saving NSW and have also been targeting customers outside its Australia and New Zealand presence.
Australia-based Spectur offers solar powered security, sensing and visual artificial intelligence solutions and platforms, and internet of things technology.