Spectur Limited

ASX:SP3

Spectur Limited

ASX:SP3
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$0.019 (+26.7%)
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#477
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7
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60
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Hogajo
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Last edited one year ago
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#ASX Announcements
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Hogajo
Added one year ago
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Spectur Limited (ASX: SP3) today announced that an agreement had been signed with Surf Life Saving NSW for the supply, installation, support and maintenance of Emergency Response Beacons (ERBs).

The contract's value is $1,196,205.54.with commencement on 1st December 2023 and runs for 6.5 yrs.

The agreement provides for:

• Purchase and installation of additional ERB units (20 new units anticipated in this Q2 FY24 with an additional 20 units expected in 2025).

• Support and maintenance (including subscription and helpdesk) of new units, for 60 months from installation date.

• Support and maintenance (including subscription and helpdesk) of existing units (32), for the balance of 60 months from the date of installation.

Pleased to see another contract signed with an existing customer. However,shareholders need evidence that the support and maintenance margins from this and future contracts are able to move us towards cash-flow positve territory.