The solar-powered Internet of Things (IoT) startup Spectur began trading on the ASX last week, after raising A$4.5mln from an initial public offer.
Spectur, which produces high-definition security camera networks that are internet-connected using 3G or 4G mobile, listed at A$0.20, giving it a market capitalisation of A$8.2mln.
New hardware tailored to suit client's operational needs
The new hardware, which works as a site-based slaved unit to Spectur’s current HD4 security camera system, is an IoT device that can be tailored to suit individual client’s operational needs.
The camera range extenders will be linked to the main HD4 system via a radio protocol data transceiver.
Importantly, direct sequence and fast phase locked loop radio protocol offer a greater range than wi-fi or bluetooth.
Furthermore, the product has the inbuilt functionality of a three-axis accelerometer, a barometer, and GPS module.
The inbuilt barometer is useful for remote systems as it provides the ability to warn customers of rapid falls in pressure, like in case of storms or cyclones.
The addition of a GPS module gives an accurate position for objects that the new hardware is mounted to. This is useful for customers who regularly move physical assets from place to place.
The beta hardware and software will be field tested with selected customers over the next few months.
Once reliability and performance expectations are proven, Spectur will launch the product.