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Highlights

  • Acusensus awarded its first major US state-wide automated enforcement contract in Connecticut, valued at USD 22.6 million.
  • The program will commence in November 2025, with full operations in early 2026, covering a five-year term.
  • ACE shares traded 24.6% higher at AUD 1.75 following the announcement.

Acusensus Limited (ASX:ACE), a developer of artificial intelligence-enabled road safety solutions, has signed a significant contract with the Connecticut Department of Transportation (CTDOT) to deliver the Automated Work Zone Speed Control program across the state. This marks the company’s first major US state-wide automated enforcement contract and its largest in the US to date.

The five-year contract has a total expected value of USD 22.6 million, equivalent to approximately AUD 34 million. It requires the deployment of up to 15 transportable speed enforcement camera systems, housed in trailers or vehicles, at any given time. The first units are scheduled to commence operations in November 2025, with remaining units to be deployed in early 2026.

Scope and Operational Responsibilities

Under the agreement, Acusensus will not only provide the speed enforcement equipment but also deliver image review services. These include licence plate lookups and the preparation of violation notices for mailing to drivers exceeding speed limits in designated work zones.

The company will retain ownership of the camera assets, ensuring responsibility for their deployment, operation, and ongoing maintenance throughout the contract period. Revenue will be generated primarily through fixed monthly fees and per deployment charges.

Acusensus’ operational readiness is supported by its existing US manufacturing and operations teams, as well as an experienced transition-in team. This team has mobilised similar programs, including New Zealand’s nation-wide speed enforcement initiative, providing a strong foundation for the Connecticut program rollout.

Expansion Across US States

The Connecticut program represents Acusensus’ third state-level speed enforcement initiative in work zones, following earlier projects in Arkansas and Kentucky. The company has also recently been awarded a contract to supply five speed enforcement trailers in Kentucky for a pilot program focused on real-time work zone speed monitoring.

Financial Position and Growth Outlook

In addition to its current cash reserves, Acusensus has secured credit-approved non-binding term sheets from major banks for facilities of up to AUD 25 million. These funding arrangements include a revolving facility, bank guarantees, letters of credit, and an uncommitted accordion facility, providing flexibility to support further growth.

Market Reaction

At the time of writing on 7 October 2025, ACE shares were trading 24.6% higher at AUD 1.75 per share, following the Connecticut contract announcement.