Australian Solar-powered IoT Startup Raised $4.5M In Stock Market Launch

The company produces high-definition security camera networks

solar power ASX

The shares in the solar-powered internet of things startup Spectur started trading on the ASX today after a $4.5 million launch.

Situated in Perth, Spectur produces hi-definition solar-powered security camera networks.

The company listed at $0.20, which gives it a market capitalisation of $8.2 million.

Peter Holton, Spectur managing director, said that the new funds will be used to expand into Melbourne and Sydney and then international markets.

Spectur has many Western Australian customers, who use their services for crime prevention, staff productivity monitoring and OH&S regulations.

Click here to read the full story on Spectur at The Business Insider

 

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Written by Jon Capistrano

Jon specialises in research and content creation for our outreach campaigns. He’s worked as a technical support representative for Dell, America Online, Xbox and Dodo Australia. He’s an avid scooterist and musician.

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