Largest ever Australian sale

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Stock Icetana Ltd (ICE.ASX)
Release Time 24 Oct 2025, 8:24 a.m.
Price Sensitive Yes
 Icetana secures largest ever Australian sale
Key Points
  • Icetana AI receives $376,000 order from new partner Millennium Services Group
  • Millennium is a security and cleaning services operator with SoftBank Robotics as a controlling shareholder
  • The contract is for an initial 60-month term and will add $75,200 to Icetana's annual recurring revenue
Full Summary

Icetana Limited (ASX:ICE), a company building self-learning security AI software, has received an order for its AI software solution from new Australia-based partner Millennium Services Group ('Millennium'). Millennium is a security and cleaning services operator in which Icetana's strategic partner and significant shareholder SoftBank Robotics holds a controlling stake. The order has an aggregate value of $376,000 and is for an initial contract term of 60 months. The end user is a large retail shopping centre in northeast Queensland of over 107,000 square metres and 345 shops. Icetana AI is already a well-known and trusted provider in the shopping mall security segment, and this sale is the company's largest to date in Australia. The contract is priced on a software-as-a-service (SaaS) basis and will add $75,200 to Icetana's annual recurring revenue (ARR). Icetana's CEO, Kevin Brown, stated that the company welcomes Millennium Services Group as a new partner in the Australian market and looks forward to a fruitful ongoing relationship. This sale is further evidence of Icetana's ability to leverage its partnership with SoftBank Robotics into new sales and ARR growth, with a focus on security integrators servicing large shopping malls.

Outlook

The company's go-to-market is focused on security integrators servicing large shopping malls, and this latest deployment will further cement Icetana's reputation in this segment.