Tech: SenSen scores first international order reducing false alarms from traffic cameras
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Traffic incident cameras can trigger false alarms which is a major cost issue for road authorities globally. One Singaporean global technology group, Lion City, is employing SenSen Networks’ (ASX:SNS) software to combat this issue.
The $42m market cap SenSen will roll out the (pretty self explanatory) AI-FARM, an AI-based False Alarm Reduction and Management solution, across Singapore.
It represents the SenSen’s first commercial international order, which will “generate up-front and annual recurring software licence revenue” — although the company doesn’t specify how much money it expects to make from the deal.
SenSen’s other technological solutions for roads include ticketless parking, traffic analytics and average speed enforcement. Among its other target markets are casinos where it has a more cost-effective game monitoring system:
The company backdoor listed two years ago and evolved out of chief exec Subhash Challa’s university research.
Its has local clients including Brisbane City Council, where it detects illegal dumping — this apparently reduces time spent by law enforcement authorities on investigations.
But the Lion City is SenSen’s first international customer. The deal will kick off from January 2020 and comes after several ‘proof of concept’ trials. The share price was unchanged in morning trade.
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