Spectur Awarded Long Term Contract with Transport for NSW
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Spectur Awarded Long Term Contract with Transport for NSW
Spectur Limited (ASX: SP3) is excited to announce a significant milestone with the signing of a three-year contract worth $787,428 with Transport for NSW, potentially extending to a total of nine years at $2,362,284. This contract includes the provision of cameras, analytics services, and the potential for an expansion in new sites, which could increase the contract value to nearly $1.4M. Year-to-date sales have exceeded expectations, with $4.18m sold, showcasing a 90% increase over the same period last year.
Under the leadership of Managing Director Gerard Dyson, Spectur's revenue stream is increasingly comprised of high gross margin recurring revenue, demonstrating the company's sustainable growth trajectory. The recent contract win reflects the culmination of longstanding relationships and strategic initiatives, setting the stage for continued success.
Investors are encouraged to explore this announcement further and are welcome to inquire for more details through our investor hub at https://investorhub.spectur.com.au/link/NPw43y. This significant development underscores Spectur's commitment to innovation and growth within the security and surveillance industry. For additional information, contact us at +61 (08) 9414 9059 or investors@spectur.com.au.
Visit www.spectur.com.au to learn more about Spectur Limited, its proprietary technologies, and the future outlook for the company. Thank you for your continued support and interest in our journey towards sustainable growth and profitability.
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