- Spectur (SP3) signs an agreement with Australian Tower Network, leveraging its recent deal with Singtel Optus
- Under the agreement, Spectur will design and build hardware, monitor services, and provide installation at sites across Australia
- The company says signing the agreement mitigates any potential customer risk stemming from Optus’ sale of 70 per cent of Australian Tower Network to AustralianSuper
- Spectur last traded at 9 cents on December 23
Spectur (SP3) has signed an agreement with Australian Tower Network, leveraging its recent deal with Singtel Optus.
Spectur is an Australian-based developer of security, surveillance and warning solutions powered by solar, internet, camera, and cloud-based technology. Spectur’s core products include solar powered deterrence and surveillance systems which involve cameras, lighting, and audible warnings, and which can be remotely accessed.
Under the agreement, Spectur will design and build hardware, monitor services, and provide installation at sites across Australia.
The agreement leverages a recent master services agreement signed in November with Optus’ parent company Singapore Telecommunications (Singtel), along with an associated statement of works that operates within the Singtel agreement.
The contract with Australian Tower Network (ATN) allows the company to issue new orders with Spectur.
The statement of works involves the provision of Spectur solar powered security hardware, field and monitoring services, along with software subscriptions for security applications on remote assets across Australia.
Singtel, which owns the Australian Tower Network, sold 70 per cent of ATN to AusSuper and retained a 30 per cent stake. ATN comprises 2,312 mobile network towers and rooftop sites across Australia.
As part of the share sale, Optus will continue to have access to the ATN sites through long-term licences.
Spectur Managing Director Gerard Dyson said the company is very pleased to provide ongoing and extended services to core Optus assets and also now to Australia Tower Network.
“Our solutions substantially reduce risk for key items of critical infrastructure and we are pleased to extend our offering in this way,” said Gerard Dyson.
“We look forward to expanding these services to other owners of critical infrastructure and utilities in the future.”
Spectur last traded at 9 cents on December 23.