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icetana (ASX:ICE) to deploy motion intelligence platform in four new U.S. prisons

Technology
ASX:ICE      MCAP $7.409M
20 October 2020 03:00 (AEST)
icetana (ASX:ICE) - Managing Director & CEO, Matt Macfarlane

Source: Vimeo

Video analytics solutions provider icetana (ICE) has received new orders for its motion intelligence platform from hardware vendor, Rasillient Systems.

Rasillient will supply icetana’s platform to four U.S. prisons for a combined value of US$200,000 (around A$282,000) and five years of support and maintenance.

These sites represent less than 20 per cent of the prisons operated by Rasillient, with expansion available subject to sales.

The company now has six U.S. prisons using its platform with two signed in mid-September.

icetana’s platform learns and filters out routine motion, showing only unusual behaviour which allows operators to focus on important events and respond in real-time.

“The prisons market has always offered a particularly strong use-case for icetana’s motion intelligence system,” CEO and Managing Director Matt Macfarlane said.

“This expanded licensing relationship will attract our organisation’s devoted attention given the enormous scope that the sector presents both in the U.S. and beyond,” he added.

icetana has ended the day a healthy 23.1 per cent in the green with shares trading for 16 cents in a $17.81 million market cap.

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