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SPECTUR LIMITED — Capital/Financing Update 2020
Apr 5, 2020
65837_rns_2020-04-05_f762e5b7-a63c-4f94-b037-0611b57fa0cf.pdf
Capital/Financing Update
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Spectur Limited Company Update
Audio Visual Presentation
ASX Announcement | 06/04/2020
Monday 6 April 2020: Security systems and cloud-based technology solutions company Spectur Limited (ASX:SP3) ("Spectur" or "the Company") is pleased to provide an updated investor briefing by Managing Director and CEO Gerard Dyson.
Link details
This event has been pre-recorded, and is available on Specur's website www.spectur.com.au in the news/media releases section.
Briefing summary
A summary of the briefing is as follows:
- Spectur continues to operate at full capacity, albeit with some changes due to government guidelines
- No incidents of infection reported of COVID-19 amongst staff
- Customers continue to buy and rent Spectur solutions and debtors continue to pay
- Inbound enquiries increasing, particularly relating to security and warning solutions
- Spectur is able to access government PAYG support, but not eligible for the "Jobkeeper" fund
- Taken prudent action to control expenses including discretionary expenditure cuts but no reduction in expenses related to sales, growth of the technology platform or customer service
- Spectur has adequate cash reserves and sees no need to raise capital at this time.
- Appendix 4C to provide further information later this month
Ends.
This ASX announcement was approved by the Board of Spectur Limited
For further information, please contact:
Corporate Enquiries Spectur Limited Gerard Dyson [email protected]
About Spectur Limited
Spectur Limited (ASX:SP3) is an Australian-based developer of security, surveillance and warning solutions powered by solar, IoT [Internet of Things], camera and cloud-based technology. The Company owns the rights to its innovative hardware and disruptive cloudbased systems which are deployed to provide solutions to industries including government and utilities, and the building, construction and civil sector.
Spectur's core products are solar powered deterrence and surveillance systems and associated cloud-based platforms. These systems incorporate cameras, lighting, audible warnings and a hardware IoT platform, remotely accessed and connected via 3G/4G technology to a cloudbased platform. The offering is complemented by a longer distance, 24-hour thermal camera deterrence solution, suitable for customers with long perimeters.
Spectur is used and trusted by small business to multinationals and the Company is currently implementing a strategic growth plan to build market dominance in the Australian government and utilities sector to meet demand for innovative, remote camera and IoT solutions.
To learn more, please visit: www.spectur.com.au
Forward Looking Statements
This announcement contains forward-looking statements which are subject to elements of uncertainty, risk and other factors which could cause the actual results or outcomes to differ materially from those stated. These statements are based on an evaluation of current economic, contractual and operating conditions, as well as assumptions regarding future events. These events are, as at the date of this announcement, expected to take place, but there cannot be any guarantee that such events will occur as anticipated, when anticipated or at all given that many of the events are outside Spectur's control.
Accordingly, neither Spectur nor any of its directors, officers, employees, contractors or agents, gives any assurance that the results, performance or achievements expressed or implied by the forward-looking statements contained in this announcement will actually occur as and when anticipated.
