• Provide kerb management and enforcement solutions with estimated revenue value to SenSen of $8M over four years
• Contract extension is structured as two-year initial commitment, with an option to extend for a further two years
• Contract covers upgrade to existing mobile enforcement systems and roll out of award-winning SenPIC innovation

SenSen Networks Limited (ASX:SNS) has announced that it has extended its contract with Brisbane City Council to provide fixed and mobile kerb management solutions for up to four additional years. The contract extension is structured as a two-year initial commitment, with an option to extend for a further two years at Brisbane City Council's discretion. The contract covers an upgrade to existing mobile enforcement systems and a large-scale roll out of SenSen's award-winning innovation, SenPIC, its pole insertable fixed camera systems. During the quarter, Brisbane City Council expanded its enforcement coverage with an order for SenSen pole insertable cameras, providing advanced kerb management and enforcement capabilities at multiple locations around the city. Based on current variable revenue run rates, the contract is expected to generate around $8.0M in revenue for SenSen over four years. The contract is an extension to the existing agreement between SenSen and Brisbane City Council, with terms of trade materially consistent with the existing agreement, including standard termination provisions.

The contract is expected to generate around $8.0M in revenue for SenSen over four years.