SenSen Networks wins contract with The City of Calgary, Canada

SenSen Networks Limited (ASX:SNS) has secured a significant five-year contract with The City of Calgary, Canada, to provide mobile and fixed camera technology. The contract, with a first-year value of A$1.9M (CAD 1.8M), has a total value of A$4.6M (CAD 4.2M) over five years, with potential extension options for a total potential length of nine years. The initial roll-out is expected to be completed in H2 FY25.

Executive Commentary on Calgary Contract

As a long time SenSen customer, we are excited that Calgary continues to recognise the value in our technology as a powerful tool to optimise their kerbsides, make their streets more pedestrian-friendly and enable better use of its public spaces. This news affirms our land and expand strategy which has seen our momentum building rapidly across Canada's leading cities -most recently witnessed by our win in Montreal.

Summary of SenSen Networks' Calgary Contract

SenSen Networks Limited (ASX:SNS) has successfully won a five-year contract to supply vehicle mounted and fixed lane mobile enforcement systems and software to The City of Calgary, Canada. The contract, valued at A$4.6M (CAD 4.2M) over five years, with potential extension options, reaffirms SenSen's position as a leading provider of AI technology for urban management solutions. The company's CEO, Dr Subhash Challa, expressed excitement over Calgary's continued recognition of the value in SenSen's technology, highlighting the company's momentum across Canada's leading cities. SenSen's innovative Live Awareness AI Platform continues to make significant contributions to traffic congestion alleviation, road and personal safety enhancement, and urban life elevation in prominent cities globally.