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icetana’s (ASX:ICE) motion intelligence platform deployed at two U.S. prisons

Technology
ASX:ice      MCAP $6.351M
22 September 2020 13:45 (AEST)
icetana (ASX:ICE) - Managing Director & CEO, Matt Macfarlane

Source: Vimeo

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

Rasillient will supply icetana’s video analytics solution to two U.S. prisons — each for a five-year term and a combined value of US$100,000 (roughly A$138,650).

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

“This is a significant opportunity for icetana to demonstrate its full capabilities of our motion intelligence platform to a new geographic market and potentially expand into a larger subset of the customer prisons,” CEO and Managing Director Matt Macfarlane said.

The deployment represents a small subset of the total camera footprint operated by the customer. There is potential however to extend coverage over time to additional sites with the customer and to other correctional service clients in the U.S.

The U.S. prisons market is reportedly one of the largest in the world and the state authority is considered a leading operator in the U.S. This provides a significant opportunity for Rasillient and icetana.

Company shares are up a healthy 28.6 per cent and are trading for 18 cents at 12:22 pm AEST.

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