Icetana Ltd Secures First Sales of Antara Core
Key points
- Icetana AI secures first sales of Antara Core for $617,000
- Orders from Millennium Services Group, billed as SaaS
- Antara Core offers on-premise generative AI capabilities
- First sale expected to save Millennium up to $4 million annually
Full summary
Icetana Limited (ASX:ICE), a developer of self-learning security AI software, has announced the first commercial sales of its new Antara Core software. The two orders, from strategic partner Millennium Services Group, total $617,000 over five years. Antara Core extends Icetana's existing platform to offer on-premise generative AI capabilities, providing a privacy-controlled alternative to cloud-based AI services. The first deployment is expected to save Millennium approximately $4 million in AI costs per year. The software also introduces floor hazard detection, designed to reduce incidents and lower insurance premiums for shopping center operators.
Guidance
First sale of Antara Core expected to save Millennium up to $4 million annually
Outlook
Icetana anticipates expanding Antara Core's footprint across Millennium's broader portfolio of sites.
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