Acusensus Enters Agreement for Road Safety Camera Test Sites in Victoria
Key points
- Agreement signed with Victorian Government for road safety camera test sites
- Total contract value of approximately $1.7 million over initial 2 years
- Systems expected to be installed by mid-2027
- Potential for contract extension up to 10 years
Full summary
Acusensus Limited (ASX:ACE), a technology company specializing in artificial intelligence enabled road safety solutions, has signed an agreement with the State of Victoria to install two fixed road safety camera systems for testing and evaluation. The total contract value is approximately $1.7 million (excluding GST) over an initial term of 2 years, with options to extend up to a total of 10 years. The systems will be installed by mid-2027 and will be used for testing instantaneous speed and average speed enforcement without issuing infringements.
Guidance
Total contract value of approximately $1.7 million over initial 2 years
Outlook
The agreement represents a significant opportunity for Acusensus to demonstrate the effectiveness of its technology in improving road safety in Victoria.
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