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Queensland drivers to be slowed down by Acusensus’ (ASX:ACE) $11.7m speed camera roll out

ASX News, Technology
ASX:ACE      MCAP $101.2M
07 February 2023 10:12 (AEDT)
Acusensus (ASX:ACE) - Managing Director, Alexander Jannink

Source: Alexander Jannink/LinkedIn

Queensland will soon have more speed cameras on its roads after the state government signed an $11.7 million deal with Acusensus (ACE) in a bid to reduce its road toll.

Last year, 299 people died on Queensland roads — the highest number of fatalities in the state in 10 years.

In response, the QLD government held a road safety roundtable last month and has now entered a contract with a subsidiary of newly-ASX-listed high-definition camera tech developer Acusensus.

Acusensus’ AI camera technology can detect drivers using their mobile phones, not wearing a seatbelt, speeding, driving unregistered vehicles and vehicles of interest, and driving in closed freeway lanes.

Under this week’s agreement with the Queensland Department of Transport and Main Roads (DTMR), Acusensus will deploy trailer-based transportable speed cameras in regional, remote and metro areas.

The cameras will be deployed and maintained by ACE from regional bases throughout the state.

Acusensus founder and Managing Director Alexander Jannink said the decision to use trailer-mounted mobile speed cameras would help to improve driver behaviour across the state.

“Speeding remains as one of the largest sources of road trauma,” Mr Jannink said.

“Enforcement programs are effective in improving driver behaviours and have been proven to work to reduce deaths and injuries over the longer term.

“Having the ability to easily transport our speed detection trailers enables us to reach more remote locations and focus on regions that typically experience a high incidence of road casualties.”

The contract spans for an initial five years, and there’s an option for the DTMR to renew the agreement for two additional periods of up to 12 months each.

The fresh contract adds to the company’s existing portfolio of multi-year contracts across the country, including in New South Wales, Western Australia and the Australian Capital Territory.

It also builds on the company’s existing operations in Queensland for portable and fixed mobile phone and seatbelt safety technology solutions.

The Acusensus Harmony solution will still require testing and approval in Queensland before the cameras can be deployed.

“Drivers need to be aware that they can be caught anywhere and at any time and should adjust their behaviours and habits to drive safely in all conditions,” Mr Jannink said.

“It will not only save their lives but the lives of their loved ones and other innocent parties.”

At market close on Monday, ACE shares were down 1.4 per cent, trading at $3.35.

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