Acusensus wins $210M traffic enforcement deal with ACT

• Acusensus Australia, a subsidiary of Acusensus, executed a multi-year traffic enforcement contract with the ACT Government valued at up to $210 million.
• The deal carries an initial five-year term valued at approximately $63 million, with options for two additional five-year extensions.
• The agreement broadens the company's regional presence by adding red-light, speed, and average speed enforcement alongside existing mobile phone and seatbelt detection systems.

Acusensus (ASX:ACE) has executed a new multi-year traffic enforcement contract with the ACT Government worth an estimated total value of $210 million excluding GST.

The initial five-year term holds a contract value of approximately $63 million excluding GST, compared to previous specialist detection arrangements in the region.

"This landmark contract elevates our role in the ACT from a specialist detection provider to a comprehensive enforcement partner, introducing red-light, speed and average speed enforcement alongside our existing mobile phone and seatbelt offence detection systems," said Acusensus Founder and Managing Director Alexander Jannink.

Under the agreement, the company will supply transportable and fixed camera systems for territory-wide enforcement across red-light, speed, average speed, mobile phone, and seatbelt offences.

The contract contains options for two additional five-year extension periods following the initial baseline period.

Following the announcement, the Acusensus share price was up at $1.22.

In addition to its territory-wide presence in the Australian Capital Territory, the company holds active mobile phone or seatbelt enforcement contracts in New South Wales, Queensland, South Australia, and Western Australia.

Acusensus also maintains dedicated speed enforcement camera programmes across New South Wales, Queensland, and Western Australia.