leadf
logo-loader
viewSenSen Networks Ltd

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: 0.087 AUD

ASX:SNS
Market: ASX
Market Cap: $39.2 m
Follow

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 SenSen Networks Ltd named herein, including the promotion by the Company of SenSen Networks Ltd in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

SenSen Networks look to attract more U.S. investors by listing on the OTCQB...

SenSen Networks (ASX: SNS-OTCQB: SNNSF) CEO Subhash Challa joined Steve Darling from Proactive to share details about the company that uses their technology to bring innovation and automation to cities around the world. Challa discusses a recent contract they have signed with an Australian...

on 15/9/20

2 min read