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Sensen Networks gains a new substantial holder in JM Financial Group

The company recently received the first international commercial order to supply its AI-FARM software to a global technology, defence and engineering group.

SenSen Networks Ltd - Sensen Networks gains a new substantial holder in JM Financial Group
SenSen’s lead product SenFORCE is a mobile parking enforcement technology

Sensen Networks Ltd (ASX:SNS) has a new substantial holder in Melbourne-based JM Financial Group with a 6.20% stake.

JM Financial is an Australian owned independent wealth management firm offering financial services to private investors.

Internet of Things technology

SenSen’s key asset is the SenDISA platform, an Internet of Things technology.

The platform underpins SenSen’s lead product SenFORCE, a mobile parking enforcement unit technology that uses video to provide a visual overview of publicly accessed areas such as car parks.

Another SenDISA product is the Gemineye product, which can slash the cost of smart cities technology by drawing on the power of smartphones.

False alarm detection software

SenSen recently received the first international commercial order to supply its AI-FARM software to a global technology, defence and engineering group based in Singapore.

AI-FARM is an artificial intelligence-based software solution that can be applied wherever video analytic systems generate an overwhelming number of false alarms.

In this case, it will be used to reduce false alarms from incident detection cameras used to monitor traffic incidents, including stopped vehicles on highways and motorways.

AI-FARM reduces and manages false alarms efficiently, thereby reducing the human workload of responding to false triggers.

Quick facts: SenSen Networks Ltd

Price: 0.11 AUD

ASX:SNS
Market: ASX
Market Cap: $46.39 m
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SenSen Networks aims to disrupt expensive approach to smart cities

SenSen Networks Ltd (ASX:SNS) chief executive officer Subhash Challa speaks to Proactive Investors abouts its new Gemineye product, which can slash the cost of smart cities by harnessing the power of smartphones.   While most smart city technology to date has required expensive...

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