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Spectur enters new market with Shark Warning System collaboration

Proactive Investors Friday, 22 February 2019
Spectur Ltd (ASX:SP3) has expanded its reach into the highly prospective WA state and local government sectors with the provision of nine solar powered and remotely operated Shark Warning Systems. The systems will keep beachgoers informed of shark activity by connecting to 3G or 4G networks to receive remote activations before an alarm via sirens, pre-recorded spoken warnings and flashing lights to pedestrians within seconds and provide localised information on shark-related closures. Improves beach safety Spectur chief executive officer Peter Holton said: “The Spectur shark warning systems are an extremely cost competitive solution to improve the safety of everyone on the beach, particularly ones that aren’t patrolled by surf lifesavers or those located in remote areas.” The technology, which will be installed adjacent to drumlines in trial areas, aims to close the safety gap between receiving a reported shark sighting and alerting beach-goers. This process can take up to 45 minutes while rangers drive to the at-risk beaches. Perth beaches to use Spectur technology The company’s technology has been adopted by WA State Government and an increasing number of local councils around Australia, such as the Shire of Augusta Margaret River who have been conducting paid trials of the warning systems since November 2018. An $80,000 order from the Town of Cambridge last week will see Spectur’s Shark Warning Systems installed at City Beach and Floreat by spring, which makes them the first Perth beaches to use the technology. Local innovation, more commercial opportunities Holton added: “It is pleasing to see another vertical market adopt our core technology that delivers long term and sustained recurring revenue as government contracts are an important aspect of our growing SaaS revenue streams. “The government’s vote of confidence in the Spectur technology will pave the way for more commercial opportunities.” The WA Minister for Water, Fisheries, Forestry, Innovation and ICT and Science Dave Kelly said: “This shark alarm technology has been developed by a WA company and I’m pleased we are able to incorporate this local innovation as part of our trial.”
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