• Icetana AI receives a renewal order from long-term customer Curtin University
• Contract value of $242,000, to be billed as software-as-a-service over 36 months
• Renewal includes an expansion in camera licences and an 85% increase in annual recurring revenue

Icetana Limited (ASX:ICE), a company building self-learning security AI software for large-scale surveillance networks, has received a renewal order from its long-term customer, Perth-based Curtin University. The contract value is $242,000, to be billed as software-as-a-service ('SaaS') over 36 months. The renewal includes an expansion in camera licences and an 85% increase in the annual recurring revenue ('ARR') associated with Curtin University. Curtin University has been a strong referring customer of Icetana AI for over a decade. This latest expansion order represents a significant increase to the existing subscription fee. The contract is priced on a SaaS basis and will add a net $37,000 to the Company's ARR. CEO Kevin Brown stated that the expansion by a long-standing customer like Curtin University speaks to the tangible results delivered by Icetana's platform and reflects growing demand for safety on university campuses.

The company did not provide any specific forward-looking financial guidance or outlook in the announcement.