SenSen Networks (ASX:SNS) secures deal with Duncan Solutions

• Artificial intelligent (AI) software and solution provider SenSen Networks (SNS) secures a three-year deal with Duncan Solutions
• Under the agreement, SenSen will supply automated parking enforcement solutions to Toowoomba Regional Council in Queensland
• Beginning in March 2022, SenSen will deploy one mobile parking enforcement unit as well as associated software and services
• SenSen will earn upfront revenue for the systems, software and commissioning as well as annual recurring revenues for the software licence, maintenance and support services
• Shares in SenSen are steady on the market and are trading at 13 cents

Artificial intelligent (AI) software and solution provider SenSen Networks (SNS) has secured a three-year deal with Duncan Solutions.

Duncan Solutions provides integrate parking solutions, software and services for municipalities, private operators and merchants across Australia, New Zealand, Asia and the Middle East.

Under the agreement, SenSen will supply automated parking enforcement solutions to Toowoomba Regional Council in Queensland.

With a population of around 170,000, Toowoomba is Queensland’s largest inland city and lies 125 kilometres west of Brisbane in the Darling Downs region.

Beginning in March 2022, SenSen will deploy one mobile parking enforcement unit, as well as associated software and services.

SenSen will earn roughly $230,000 over the 36-month period of the initial contract and is the seventh Queensland council to use SenSen’s sensor systems.

SenSen will earn upfront revenue for the systems, software and commissioning of the unit. The company will also earn annual recurring revenues and fees for the software licence, maintenance and support services.

Shares in SenSen were steady on the market and were trading at 13 cents at 2:10 pm AEDT.