Acusensus (ASX:ACE) Announces $16.6 Million Queensland Speed Camera Contract Expansion

Acusensus Limited (ASX:ACE) has announced a significant expansion to its Acusensus Queensland speed camera contract, valued at approximately $16.6 million. In an update to the ASX, the AI-enabled road safety technology provider confirmed the Queensland Department of Transport and Main Roads (TMR) will double its deployment of trailer-based speed enforcement units. This decision follows a reported 92% reduction in excessive speeding detections observed during the program’s initial seven months.

This contract variation reinforces Acusensus’s market position and provides a clear path for sustained revenue growth. The progressive deployment of new Harmony transportable solutions is scheduled to begin in November 2025 and will continue throughout 2026. Each unit will operate under an initial five-year term, with extension options that could see operations continue through to 2033.

What is the financial value of the TMR agreement?

The expansion of the Acusensus Queensland speed camera contract is set to deliver incremental revenue of approximately $16.6 million (excluding GST). This income is structured as recurring revenue over the initial deployment period, which represents substantial value for a company with a market capitalisation of approximately $254.9 million and 141,613,597 shares on issue.

The deployment is scheduled to commence in November 2025, with additional units being rolled out at various dates throughout 2026. Each new enforcement unit will operate for an initial five-year term. Furthermore, Queensland TMR holds options for two additional one-year extensions per unit.

Contract Structure Breakdown:

• Total Incremental Value: $16.6 million (excluding GST)
• First Deployment: November 2025
• Full Rollout: Throughout 2026
• Initial Service Term: Five years per unit
• Extension Options: Two additional one-year terms available
• Technology Deployed: Harmony transportable speed enforcement solutions
• Deployment Scale: Doubling of existing Queensland units

The staggered deployment timeline provides clear revenue visibility for investors and allows Acusensus to manage its resources efficiently. Government clients typically provide reliable payment schedules, which can reduce collection risk compared to commercial contracts.

What evidence supported the contract expansion?

The Queensland government’s decision to double its deployment of Acusensus technology is based on its demonstrated effectiveness. During the first seven months of the safety camera program using Acusensus’s transportable speed enforcement solutions, the number of drivers detected excessively speeding declined by a reported 92%.

Alexander Jannink, Founder and Managing Director of Acusensus, commented: “The Queensland government road safety camera program has been very effective at changing driver behaviours, and we’re pleased to be able to support the expansion of this life-saving program with Queensland’s Department of Transport and Main Roads.”

He further noted: “In the first seven months of this safety camera program using Acusensus transportable speed enforcement solutions, the number of drivers detected excessively speeding declined by an incredible 92%. Speed is a significant contributor to road casualties, and the expansion of this program will result in behaviour change across more of the road network, resulting in reduced road casualties.”

Key Performance Metrics:

• A 92% decline in excessive speeding detections was reported.
• The program has demonstrated an impact on driver behaviour across the road network.
• The technology is credited with contributing to road casualty reduction.
• The expansion indicates government satisfaction with the solution’s performance.

These effectiveness statistics support the value proposition of Acusensus, which combines artificial intelligence with advanced sensing technology to facilitate behavioural change and provide prosecutable evidence for authorities.

How will this contract impact Acusensus’s financial performance?

The $16.6 million Acusensus Queensland speed camera contract represents substantial incremental revenue for the company, structured as recurring income over the initial five-year deployment period. Should Queensland TMR exercise both optional one-year extensions for each unit, the total contract value could increase further.

The contract structure supports predictable cash flow generation, with revenue recognition commencing in November 2025. This expansion builds upon existing infrastructure and relationships, which may offer higher margins than new deployments while demonstrating the scalability of the company’s platform.

When can investors expect revenue recognition to begin?

Revenue recognition from the Acusensus Queensland speed camera contract expansion will commence in November 2025 with the first unit deployment. It will then accelerate throughout 2026 as additional units become operational. This staggered deployment provides a gradual revenue build-up.

Timeline for Financial Impact:

• Q4 2025: Initial revenue recognition from the November deployment.
• 2026: Progressive revenue acceleration as additional units go live.
• 2027-2031: Full operational revenue from the initial five-year terms.
• 2032-2033: Potential additional revenue from extension options.

The five-year initial terms offer substantial revenue visibility, with a high probability of renewal given the program’s reported effectiveness. Investors may monitor quarterly results from Q4 2025 onwards for the initial revenue contribution from this contract.

What does this expansion reveal about Acusensus’s market position?

This contract expansion validates Acusensus’s position as a leading provider of AI-enabled road safety technology in Australia. The decision to double the deployment based on the 92% effectiveness rate suggests strong client satisfaction and a competitive advantage.

Since its founding in 2018, Acusensus has established operations across Australia, New Zealand, the United Kingdom, and the United States. This geographic diversification provides multiple growth opportunities while reducing dependence on a single market.

The company’s ASX listing in January 2023 provided access to capital markets to fund its expansion and technology development. This Queensland contract demonstrates commercial validation of that strategy. The expansion also positions Acusensus for potential contract wins in other Australian states and territories, as the company can use the Queensland program’s success as a case study for its technology’s effectiveness.

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