SenSen Networks Ltd (ASX:SNS, OTCQB:SNNSF), a leading AI software solution provider, has secured a multi-year contract with the Queensland Revenue Office to roll out its vehicle-mounted automated number plate recognition technology.
The company will earn a minimum of A$192,000 over the initial three-year period of the contract to deploy mobile number plate recognition units, starting in January.
Upfront revenue
SNS will earn upfront revenue and annual recurring revenues and fees for the software licence and support services over the term of the contract.
“We are thrilled to win this contract with the State of Queensland,” SNS CEO Dr Subhash Challa said.
“This contract follows our recent work with forward-thinking cities who use our AI solutions in Queensland including Brisbane, Ipswich, Logan, Cairns, Gold Coast and Sunshine Coast.”
“The State of Queensland is the first state in Australia to engage with SenSen and joins SenSen’s international customers which include the cities of Las Vegas, Calgary and Edmonton.”
About SenSen Networks
SNS is an AI data-fusion enterprise working with people, places and data to solve problems once thought technically impossible.
A patented network approach allows the company to offer customised, real-time batch-processing of data, along with SaaS solutions.
The company’s technology fuses complex video and sensor datasets at high speeds across multiple networks to assess and inform strategic actions to its customers across its enterprise verticals: smart cities, casinos, airports and retail.
SNS has clients on four continents and can be found in Australia, New Zealand, Singapore, USA, Canada, India and UAE.