Acusensus withdrawal from WSDOT tender

Acusensus Limited (ASX: $ACE) has withdrawn from the Washington State Department of Transportation (WSDOT) tender for end-to-end field and back-office services to support a new state-wide speed safety camera program for work zones. The tender was closed without making an award to any party, providing Acusensus with valuable insight into supplying end-to-end services in the US road safety market. Acusensus' FY24 guidance remains unchanged.

Acusensus' perspective on the tender withdrawal

The tender process has given us valuable insights into the US market and the opportunities to deploy our advanced technology in the road safety sector. While the tender constraints did not allow for a comprehensive program to be delivered, we remain committed to exploring new opportunities and leveraging our expertise to drive positive change in road safety. Our FY24 guidance remains unchanged, and we are optimistic about the potential for growth and innovation in the US market.

Summary of Acusensus' withdrawal and outlook

Acusensus (ASX: $ACE) has decided to withdraw from the WSDOT tender due to the inability to deliver a comprehensive program within the tender's constraints. The tender was closed without making an award to any party. Despite this, the experience has provided Acusensus with valuable insights into the US market, strengthening its position to explore new opportunities and deploy advanced technology in the road safety sector. Acusensus' FY24 guidance remains unchanged, reflecting its confidence in its ongoing operations and strategic direction. The company remains focused on driving positive change in road safety and is optimistic about its potential for growth and innovation in the US market.