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icetana (ASX:ICE) signs MoU with NEC Argentina

ASX News, Technology
ASX:ICE      MCAP $6.351M
09 December 2021 16:37 (AEST)
icetana Limited, ICE - CEO, Matthew Macfarlane

Source: Business News

icetana Limited (ICE) has signed a non-binding memorandum of understanding (MoU) with NEC Argentina to enhance urban surveillance offerings in the Latin American market.

NEC is a provider of integrated security solutions to large-scale customers, as well as a vendor for standalone surveillance analytics solutions.

NEC’s operations in Argentina alone provide services to more than 10 command and control centres, whilst supporting over 10,000 cameras.

The companies have agreed to collaborate on developing enhancements to icetana’s motion intelligence software, specifically large-scale city operations.

Existing icetana clients in the Middle East are able to monitor upwards of 250 cameras per operator, well above the typical 30-50 cameras per operator on non-icetana sites, the company said.

NEC Argentina deploys a range of video analytics as part of its comprehensive safe-city offerings.

icetana says they complement these existing solutions with an opportunity for both improved productivities in the control room, as well as a higher likelihood of detecting critical incidents as they happen.

icetana CEO, Matt Macfarlane, says the company has clear competitive differentiation to other market players.

“We will work diligently to achieve the outcomes set down in the MoU so that NEC becomes a long-term partner of icetana,” he said.

“Success with this relationship provides access to hundreds of thousands of cameras being monitored in control rooms globally.”

icetana shares last traded at 9.5 cents on December 8.

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