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iCetana Ltd. ( (AU:ICE) ) has issued an update.
icetana AI has secured a $1.7 million contract with High Tech, an Iraq-based partner, to provide its AI software for the Baghdad Safe City project. This deal marks icetana AI’s largest order of its new generation product and represents the company’s first sale in Iraq, highlighting a significant growth opportunity in the region. The contract includes a perpetual license and a first-year maintenance agreement, with potential for continued revenue through service renewals. The deployment is expected in Q4 FY25, and the order underscores icetana AI’s strategic expansion in the Middle East.
More about iCetana Ltd.
icetana Limited is a company specializing in artificial intelligence video analytics software designed to assist security and IT teams in managing large-scale surveillance networks. The company is known for its expertise in the Middle East region, focusing on enhancing security through advanced AI solutions.
YTD Price Performance: -10.0%
Average Trading Volume: 452,361
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$6.13M
Learn more about ICE stock on TipRanks’ Stock Analysis page.