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Alexander Jannink CEO of Acusensus (ASX: ACE) details the company's major contract win for nationwide mobile speed camera enforcement in New Zealand. Alexander says the five-year agreement shows Acusensus's growing influence in international road safety technology, including mobile and trailer speed cameras.
Alexander highlights the role of AI, which forms the core of Acusensus's services, to detect phone use and seatbelt compliance effectively since its founding in 2018. The company's solutions extend to speed enforcement across various Australian states, with plans to expand globally.
Acusensus aims to lead in road safety with a focus on work health and safety, including by introding technology which can warn road workers seconds before potential collisions.
A $10M capital raise leaves the company well-capitalised with $30M in cash.
Alexander is looking forward to revenue continuing to grow, with major contracts, such as New Zealand's $92M deal. It's pushing expansion in the US and UK, aiming to line up with Australia's profitable market.