SenSen Networks Ltd (ASX:SNS, OTCQB:SNNSF) continues its strong run of recent government contracts, securing the latest with Transport for New South Wales (TfNSW) to deploy its sensor AI-powered curbside management solutions.
The new contract is for collection and delivery of data from sensors to the TfNSW Open Data Hub.
Real-time insights
"Our ability to deliver real-time insights on the use of curbside space, including fleet identification, vehicle classification and connecting the data to dynamic signage allows SenSen to deliver an end-to-end digital kerb solution for TfNSW," SenSen’s CEO Dr Subhash Challa said.
The company stands to earn in the vicinity of A$437,000 over the period of the initial contract, which starts immediately.
Read: SenSen Networks wins multi-year number plate recognition contract with Queensland Revenue Office
Promising global market
Curbside management is a market opportunity worth about US$6.3 billion per annum and this new contract, which joins other deployments in Australia, the USA and Singapore, will enhance the company’s standing in this space.
“I am delighted SenSen’s platform SenDISA has been recognised as critical for this success," Challa said.
"This contract win establishes SenSen’s credentials as the leader in the Australian curbside management market and positions SenSen to capitalise on this in other cities and projects around the world."
Read: SenSen Networks signs contract with leading petrol station owner to combat fuel theft
About SenSen Networks
SNS is a leading Sensor AI data enterprise working to solve technical challenges using a patented network approach.
The company’s technology fuses complex video and sensor datasets at high speeds across multiple networks, delivering data in settings such as casinos, retail enterprises and smart cities and covering surveillance and emerging solutions.
SenSen has clients on four continents and can be found in Australia, New Zealand, Singapore, USA, Canada, India and the UAE.
Read: SenSen Networks extends contract with Crown Melbourne to provide new AI gaming solutions