• Secured first major US contract in Connecticut worth $34m over 5 years
• Expanded existing contracts in Queensland and Western Australia
• Established new $25m debt facility with Citibank
• Raised $30m through a non-underwritten placement to fund growth

Acusensus, a leading road safety technology company, has announced several key updates that demonstrate its continued commercial success both domestically and internationally. The company has secured its first major US contract in Connecticut, worth an estimated $34m over 5 years, representing its third state-level program in the US for providing speed enforcement solutions in work zones. Additionally, Acusensus has expanded existing contracts in Queensland and Western Australia, with the Queensland contract doubling the number of trailer units and the WA contract increasing the number of trailers and converting a fixed-site program into a long-term program. The company has also established a new $25m debt facility with Citibank, providing access to a revolving credit facility, accordion facility, and bank guarantee/letter of credit facility. To fund its growth initiatives, Acusensus has raised $30m through a non-underwritten placement of 20 million new shares at $1.50 per share, which was strongly supported by both existing and new institutional investors. The company plans to use the funds for business development, contract mobilization, product innovation, working capital, and litigation-related costs.

Acusensus is well-positioned for continued growth, having secured major new contracts in the US and expanded existing programs in Australia. The equity raising will provide additional balance sheet strength to support the company's expansion plans.