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SenSen Networks (ASX: $SNS) signs new contract order for nhvr

SenSen Networks new contract order announcement


SenSen Networks Limited (ASX: $SNS) has secured a new contract order from the National Heavy Vehicle Regulator (NHVR) for the supply, licensing, support, and maintenance of eight rapidly deployable mobile, portable Automatic Number Plate Recognition (ANPR) camera systems. The contract extends the NHVR's original 32-camera commitment until 30 June 2025, with a contract value of $0.8M in FY 2025. This new order further solidifies SenSen's position as a key technology provider for NHVR, expanding its geographical footprint to include coverage in Queensland, in addition to existing NHVR jurisdictions in South Australia, Tasmania, and Victoria.

SenSen CEO Dr Subhash Challa's commentary on the contract order


This new order is a great endorsement for SenSen and the technology it provides to its customers. It is with immense satisfaction that SenSen is able to continue to expand upon the support provided to the NHVR in helping to create a safe and efficient heavy vehicle industry in Australia. This is a great example of SenSen's ability to scale effectively to meet the expanding needs of our customers.

Summary of SenSen Networks' new contract order


SenSen Networks Limited (ASX: $SNS) has announced a new contract order from the National Heavy Vehicle Regulator (NHVR) for the supply, licensing, support, and maintenance of eight rapidly deployable mobile, portable Automatic Number Plate Recognition (ANPR) camera systems. The contract extends the NHVR's original 32-camera commitment until 30 June 2025, with a contract value of $0.8M in FY 2025. This new order further solidifies SenSen's position as a key technology provider for NHVR, expanding its geographical footprint to include coverage in Queensland, in addition to existing NHVR jurisdictions in South Australia, Tasmania, and Victoria. SenSen CEO Dr Subhash Challa expressed satisfaction with the new order, highlighting SenSen's ability to scale effectively to meet the expanding needs of its customers. The company's innovative Live Awareness AI Platform continues to play a pivotal role in creating a safer and more efficient heavy vehicle industry in Australia.

SENSEN NETWORKS LIMITED
SNS | ASX | Information Technology
0.020(+0%)
At close 05/07 (AEDT)
Market cap
$15.6M
Volume
0
DY Yield
0
PE Ratio
0
52 Week Range
0 - 0.065
1YR Return
-60.784%

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