Shares in Acusensus Ltd (ASX: ACE) have jumped after the company announced an extension of a contract with the Western Australian government worth an extra $13 million.
The company, which makes and operates speed cameras and associated technology, said it had expanded the scope of a contract originally signed in 2014 for "multi-function enforcement services, doubling the number of trailer-based enforcement units contracted''.
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All in one solution
The company said its artificial intelligence-enhanced technology "can simultaneously detect mobile phone usage, seatbelt non-compliance, point speed and average speed, as well as unregistered vehicles''.
The company added:
The expansion will see new trailer-based solutions deployed throughout the state over the coming months, with two of the six trailers already in operation since November 2025, and the balance expected to be deployed from July to September 2026. The expansion will enhance regional coverage and will double the number of transportable multifunction units in operation in Western Australia.
The company said the WA Road Safety Commission had also exercised an option to extend the contract covering all of its existing transportable enforcement camera services by 12 months, with that contract now expiring in late 2028.
Acusensus Managing Director Alexander Jannik said regarding the contract extension:
We are delighted to expand our work with the WA Road Safety Commission. This variation underscores the effectiveness of our unique multi-function trailer platform to change driver behaviours, which allows for various types of life-saving enforcement to be combined into a single solution. By increasing the fleet and extending our partnership for these services through to the end of October 2028, we can further support the WA Road Safety Commission in enhancing road safety outcomes and reducing casualties across both metropolitan and regional areas.
Acusensus shares traded as high as $1.95 on the news before settling back to be 6.4% higher at $1.82.
In other recent news, Acusensus raised $30 million in growth capital in early December at $1.50 per share.
Legal matter settled
It also settled a patent dispute with Redflex Traffic Systems last week, with Acusensus agreeing to pay the other company $16 million.
The companies said in a joint statement last week:
Redflex and the Acusensus parties are pleased to jointly confirm that they have entered into a mutually agreed confidential and worldwide commercial resolution that fully and finally resolves all matters in dispute between the parties. Acusensus has agreed to provide a global non-exclusive licence of relevant patents held by Acusensus IP Pty Ltd to relevant Redflex entities and their affiliates.
The settlement will be made up of $6 million in cash and $10 million worth of Acusensus shares.
The company was valued at $277.6 million at the close of trade on Monday.
