The ASX-listed SenSen (ASX:SNS) has been contracted jointly with its distribution partner and integrated parking solutions provider, Duncan Solutions.
Commencing this month, the contract with the City of Gold Coast covers the City’s purchase of an initial two SenFORCE mobile parking enforcement units, “with upfront revenue for the systems, software and commissioning of the units”.
SenSen says it will also earn annual recurring revenues and fees for the software licence, maintenance and support services, under the three-year term of the contract.
SenSen says the review highlighted the need for a multi-pronged approach to meeting the Gold Coast’s emerging transport challenges, which will include “53 projects over four years that focus on managing congestion across the city”. “These include major road projects, intersection upgrades, applying the latest technology to better manage our network, more active and public transport initiatives and travel demand management.”
SenSen says City of Gold Coast parking inspectors will utilise SenFORCE across the municipality to improve safety in school zones and to improve parking space availability and congestion.