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iCetana Ltd. ( (AU:ICE) ) has shared an announcement.
Icetana AI has secured a US$1.49m, three-year software-as-a-service renewal and expansion contract with its largest customer, Middle Eastern shopping mall conglomerate Majid Al Futtaim Properties. The deal, covering AI-powered surveillance across 16 malls, reflects the customer’s long-term reliance on icetana’s technology for enhanced security and cost savings on guards.
The expanded camera licence footprint lifts icetana’s annual recurring revenue from this client by US$146,000, a 53% increase to be recognised from 6 March 2026 and paid annually in advance. Management says the win validates its self-learning AI platform and reinforces its strategic focus and reputation in the global large shopping mall segment, underlining growing demand for scalable autonomous security monitoring solutions.
The most recent analyst rating on (AU:ICE) stock is a Hold with a A$0.03 price target. To see the full list of analyst forecasts on iCetana Ltd. stock, see the AU:ICE Stock Forecast page.
More about iCetana Ltd.
Icetana Ltd., listed on the ASX as ICE and branded as icetana AI, develops self-learning security AI software for large-scale surveillance networks and Security Operations Centers. Its technology continuously learns normal patterns for each camera to autonomously detect and highlight unusual or potentially dangerous events in real time, targeting complex, multi-site environments such as retail, hospitality, public safety, transportation, education, and enterprise infrastructure.
Average Trading Volume: 150,486
Technical Sentiment Signal: Sell
Current Market Cap: A$18.08M
See more insights into ICE stock on TipRanks’ Stock Analysis page.