SenSen Networks ( (AU:SNS) ) just unveiled an update.
SenSen Networks Limited has extended its contract with Brisbane City Council to provide kerb management and enforcement solutions, including the deployment of its innovative SenPIC technology. This contract, valued at approximately $8 million over four years, signifies a significant milestone for SenSen, enhancing its market presence and reinforcing its long-term relationship with Brisbane City Council. The contract includes an upgrade to existing systems and the introduction of SenPIC, a cost-effective and easily deployable camera system, which is expected to streamline kerb management operations.
More about SenSen Networks
SenSen Networks Limited is a leader in smart urban management solutions, specializing in AI technology through its Live Awareness AI Platform. This system integrates data from cameras and sensors with digital enterprise data to improve safety and efficiency in urban environments. SenSen’s solutions are used in major cities like Chicago, Las Vegas, and Brisbane, and provide significant savings for fuel retail brands such as AMPOL and Chevron.
YTD Price Performance: 50.0%
Technical Sentiment Signal: Sell
Current Market Cap: €12.58M
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