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iCetana Ltd. ( (AU:ICE) ) has shared an update.
icetana AI has announced a material uncertainty regarding its $1.7 million Safe City project in Baghdad due to delays caused by incomplete infrastructure works. The company has not received the initial downpayment and is facing challenges in confirming a revised deployment schedule with its partner, High Tech. The project’s funding is contingent on meeting specific milestones, which are targeted for October 2025, and icetana AI remains part of the project scope despite the risks involved. The company is actively engaging with stakeholders to safeguard its interests and will provide updates as necessary.
More about iCetana Ltd.
icetana AI is a company that develops artificial intelligence video analytics software aimed at assisting security and IT teams in managing large-scale surveillance networks. The company’s technology is designed to identify unusual or potentially dangerous events in real time by learning what’s normal for each camera, eliminating the need for individual camera stream configurations. icetana AI provides software, hardware, and cloud solutions across various industries, including guarding services, retail, hospitality, public safety, transportation, education, and large enterprises, with a global presence in over 15 countries.
Average Trading Volume: 863,355
Technical Sentiment Signal: Buy
Current Market Cap: A$37.23M
See more insights into ICE stock on TipRanks’ Stock Analysis page.