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SenSen Networks Boosts Road Safety with NHVR Deal

SenSen Networks Boosts Road Safety with NHVR Deal

SenSen Networks Ltd. (AU:SNS) has released an update.

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SenSen Networks Limited has secured a new contract order from the National Heavy Vehicle Regulator (NHVR) to equip eight new vehicles with Automatic Number Plate Recognition (ANPR) systems, extending their existing 32-camera deal until June 2025. Valued at $0.8 million, the agreement not only provides immediate revenue but also potential yearly earnings through ongoing support and maintenance. The expansion of SenSen’s technology into Queensland signifies the company’s growing presence in Australia’s road safety and compliance sector.

For further insights into AU:SNS stock, check out TipRanks’ Stock Analysis page.

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