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Acusensus (ASX:ACE) has brought its one-year returns to +106% on Tuesday after announcing its phone-while-driving-detection-tech will now be moving to the U.S. in the first “major” contract for the company in the world’s #1 economy.
Acusensus also develops tech for imaging drivers not wearing seatbelts, as well as railway crossings and ‘monitoring vehicles of interest.’
In other words, it’s a surveillance tech company aimed at police instead of the military; the Australian company has also – no real surprise here – just started really touting its AI capabilities in recent history.
What is perhaps more accurate to say, especially because this finance journalist has completely missed the company’s recent gains, is for many, Acusensus may feel like it came out of nowhere. That could well be true for many HotCopper users; ACE hasn’t made the most viewed or most discussed boards as far as I can remember. (Until now.)
Funny the things U.S. exposure and references to AI can do for quiet companies. For its part, Acusensus’s expansion into the U.S. sees it taking its tech to Connecticut in a US$22.6M (A$34.2M) contract for five years, kicking off in 2026.
This isn’t the company’s maiden foray into the States. At the same time, a less-material contract in Kentucky continues in the background, that deal sees ACE providing “five speed enforcement trailers”. ACE has also dipped its toes into Arkansas, but only describes Tuesday’s contract win as a ‘major’ step.
ACE last traded at $1.68sh.
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