Highlights

  • New multi-year traffic enforcement contract signed with the ACT Government.
  • Initial five-year term valued at about $63 million (excluding GST).
  • Total contract value of up to about $210 million if both extension options are exercised.
  • Staged rollout expected to begin in mid-2027.

Acusensus Limited (ASX:ACE), a technology company developing artificial intelligence enabled road safety solutions, has signed a new Master Services Agreement with the Australian Capital Territory Government for traffic enforcement services. The contract has an initial term of five years valued at about $63 million (excluding GST), with two further five-year extension options. If both options are exercised, the total estimated contract value is about $210 million.

Scope of the Contract

Under the agreement, Acusensus will provide, operate and maintain enforcement cameras, along with mid-office software that allows the Territory to carry out adjudication processes. Services will be delivered through a mix of software, fixed-site and transportable enforcement solutions.

These include multifunction trailer-based enforcement for combinations of mobile phone, seatbelt, speed, average speed and vehicle of interest detection, as well as trailer-based and vehicle-based speed enforcement and fixed-site red-light and speed cameras. The staged rollout of these replacement and expanded solutions is expected to begin in mid-2027.

Expanding an Existing Relationship

Founder and Managing Director Alexander Jannink said the contract elevates the company’s role in the ACT from a specialist detection provider to a comprehensive enforcement partner, adding red-light, speed and average speed enforcement to its existing mobile phone and seatbelt detection services.

He noted Acusensus’ long-standing relationship with the ACT Government and its support for the Territory’s Vision Zero road safety objectives. With this contract, the ACT joins Western Australia in using the company’s full multifunction enforcement camera solutions.

Broader Customer Base

In addition to the ACT, Acusensus holds contracts for mobile phone, or mobile phone and seatbelt, enforcement in New South Wales, Queensland, South Australia and Western Australia. It also runs speed enforcement programs in New South Wales, Queensland and Western Australia, along with other international customers.

Founded in 2018 and listed on the ASX in January 2023, Acusensus is headquartered in Melbourne with offices across Australia, New Zealand, the United Kingdom and the United States. It also offers a road worker safety system under its Forsite brand.

Key Takeaways

The ACT contract broadens Acusensus’ role with an existing government customer and adds a long-term revenue stream, with potential for up to 15 years of services. The initial five-year value is about $63 million, with further value dependent on extension options. The rollout starting in mid-2027 will be the next milestone.