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Acusensus Ltd ( (AU:ACE) ) has shared an announcement.
Acusensus Limited has announced an expansion of its contract with the Queensland Department of Transport and Main Roads, doubling the number of trailer-based speed enforcement units. This expansion, valued at approximately $16.6 million, will see new units deployed from November 2025 through 2026, each for an initial five-year term. The program has already demonstrated significant success, with a 92% reduction in excessive speeding detected in the first seven months, highlighting its impact on road safety and driver behavior.
The most recent analyst rating on (AU:ACE) stock is a Hold with a A$2.00 price target. To see the full list of analyst forecasts on Acusensus Ltd stock, see the AU:ACE Stock Forecast page.
More about Acusensus Ltd
Acusensus is a technology company founded in 2018, specializing in artificial intelligence-enabled road safety solutions. The company collaborates with governments and commercial stakeholders to address distracted driving and improve road safety globally. Acusensus provides technology for detecting distracted driving, seatbelt compliance, speeding, and more, and also offers solutions for worker safety in live traffic environments. The company is headquartered in Melbourne, Australia, and has offices in several international locations.
Average Trading Volume: 241,223
Technical Sentiment Signal: Buy
Find detailed analytics on ACE stock on TipRanks’ Stock Analysis page.