leadf
logo-loader
viewSenSen Networks Ltd
(
ASX:SNSOTCQB:SNNSF
)

SenSen Networks secures multi-year parking enforcement solution contract with Tweed Shire Council

Tweed Shire Council is the largest council on the north coast of New South Wales.

SenSen Networks Ltd - SenSen Networks Ltd secures multi-year parking enforcement solution contract with Tweed Shire Council
SenSen will earn annual recurring revenues and fees

SenSen Networks Ltd (ASX:SNS) has secured a deal to supply an automated parking enforcement solution to Tweed Shire Council, in conjunction with its distribution partner, Duncan Solutions.

Tweed Shire Council is a longstanding customer of Duncan Solutions, an Australian-owned provider of integrated parking solutions.

Commencing in September 2019, the contract with Tweed Shire Council covers the city’s purchase of an initial SenFORCE mobile parking enforcement unit, with upfront revenue for the systems, software and commissioning of the unit.

 

SenSen will also earn annual recurring revenues and fees for the software licence, maintenance and support services, under the three-year term of the contract.

Tweed Shire Council is the largest council on the north coast of New South Wales, delivering more than 50 services to 94000 residents over an area of 1303 square kilometres.

Quick facts: SenSen Networks Ltd

Follow
ASX:SNS

Price: 0.125 AUD

Market Cap: $69.68 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of named herein, including the promotion by the Company of in any Content on the Site, the Company receives from said issuer annual cash...

FOR OUR FULL DISCLAIMER CLICK HERE

SenSen Networks records highest cash receipts since listing on ASX

SenSen Networks Ltd (ASX:SNS, OTCQB:SNNSF)'s CEO Dr Subhash Challa tells Proactive the company ended the June quarter with A$1.6 million in cash receipts - the best result since its listed on the ASX. Looking ahead, SenSen has updated its revenue guidance for FY22. It expects to bring in more...

on 2/8/21

2 min read