ASX listed security surveillance company Spectur has started to receive sales orders for its unique thermal, solar powered security cameras. The company said this week that it had received its first thermal camera order from an international logistics company based in Victoria. Significant interest has also been flooding in from other Tier 1 companies and Spectur has now started commercial manufacturing of the cameras.
ASX listed security surveillance company Spectur, has started to receive sales orders for its unique thermal, solar powered security cameras. The company said this week that it had received its first thermal camera order from an international logistics company based in Victoria. Significant interest from other tier 1 companies has also been flooding in and Spectur has now started commercial manufacturing of the cameras to meet anticipated demand.
The company also received a two unit rental contract this week from a global motor vehicle company for an initial period of three months worth $9000.
The first sales contract to a Victorian international logistic company is worth $27,500.
Spectur’s standalone, cloud-based thermal cameras are entirely solar powered and can transmit live streamed video that can be accessed from any web-enabled device around the clock.
The cutting edge, heat-based imaging technology can detect an intruder up to 300m away in complete darkness, before activating the linked security system which lights up the area with a floodlight.
A high decibel bull horn then delivers a shock warning to the hapless intruder who by now is starting to resemble a rabbit in the spotlight.
The system was developed primarily to secure large perimeter fences with the company saying that installation and operating costs are significantly lower than traditional solutions as it does not require a connection to mains power, cabled communications networks or an artificial light source.
The thermal camera system passed initial field trials conducted with an international freight and logistics company in March this year.
In a market update this week, Spectur said significant interest has already been shown by other Tier 1 companies who typically have extensive perimeter fences and assets to protect who may benefit from thermal camera technology.
The company is now in a number of advanced pre-purchase activities with potential customers across a range of industries.
Spectur said it is confident of being awarded supplier status for a number of new tier 1 clients and anticipates that this will assist in securing additional thermal camera rental or sale orders.
To meet this anticipated demand, the company has scheduled the manufacture of five additional thermal camera systems per week to increase stock levels.
Spectur Managing Director Peter Holton said: “The commercial manufacture and first sales of the Thermal Camera systems to tier 1 companies is highly encouraging and provides a platform for further growth.”
According to management, the global thermal imaging market is estimated to grow from US$7.71 billion in 2016 to US$10.27 billion by 2021, at a compounded annual growth rate of 5.9%.
Spectur marked the 2018 financial year with an 86% increase in revenues to $2.48m due to its successful east coast expansion strategy.
Revenues for the June 2018 quarter also hit record heights at $755,372, up $447,272 from the previous corresponding quarter with a significant chunk coming in courtesy of camera rental revenues that more than doubled to $191,000.