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Driver-behaviour technology company Acusensus (ASX: ACE) has expended into a fifth territory in Australia after securing a $9.4 million contract that will debut its enforcement support services in Western Australia for the first time.
The Melbourne-based Acusensus says the agreement with the WA Road Safety Commission also represents the first time the company will deploy its multifunction “Heads-Up” system in a single enforcing program.
The trailer-based system combines all of the features of the “Heads-Up” system that, in addition to mobile phone and seatbelt non-compliance detection, will be used to simultaneously detect point-to-point speed by drivers and unregistered vehicles.
Acusensus says it has secured the three-year agreement in WA, that includes two options each for one-year extensions, following a competitive tender process.
"This unique offering, which marks Acusensus' first contract to combine these different types of enforcement into one trailer platform, will amplify the ability of the WA Road Safety Commission to enhance road safety outcomes across the state,” says Acusensus founder and CEO Alexander Jannink.
“This new contract marks the fifth jurisdiction in Australia to be using Acusensus' technology to enforce mobile phone offences."
Acusensus currently has contracts for its technology in Queensland, NSW, South Australia and the ACT, but not yet in its home state of Victoria.
Not all states utilise Acusensus’ technology for seatbelt non-compliance, speed and unregistered vehicle detection, but all have opted for monitoring mobile phone use by drivers.
The WA Police anticipate that the Acusensus technology will be deployed in Perth, Geraldton, Albany, Kalgoorlie, Karratha and Broome.
Acusensus, which listed on the ASX in January 2023, posted net profit after tax of about $100,000 in FY24, the first time its bottom line has been in the black.
The result was delivered on an 18 per cent increase in revenue to $49.6 million that saw gross profit surge 22 per cent to $22.6 million.
In addition to Australia’s law enforcement contracts, Acusensus has also secured several deals in the US while in the UK it is transitioning from “proof-of-concept” pilots to longer-term engagements with potential customers.
Devon and Cornwall police are currently undertaking a 12-month trial of the company’s Heads Up trailers.
Shares in Acusensus were trading 5c higher, or up 6 per cent, at 87c each at 12.24pm (AEDT).
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