Key points
- Contract extension for six months until June 2027
- Estimated value of additional six months: $16 million
- Tender for long-term contract with TfNSW ongoing
Full summary
Acusensus Ltd, a technology company specializing in AI-enabled road safety solutions, announced an additional six-month extension of its Mobile Speed Camera Services Agreement with Transport for New South Wales. This extension, effective from January 2027, brings the total contract duration to June 2027. The estimated value for this additional period is approximately $16 million, excluding GST. The original contract, initially set to expire on June 30, 2026, was previously extended for another six months. The company is also involved in a tender process for a new long-term contract with Transport for New South Wales.
Guidance
Estimated value of additional six months: $16 million
Outlook
The tender process for a new long-term mobile speed camera services contract with TfNSW remains ongoing.