viewSenSen Networks Ltd

SenSen Networks director shows faith in company with on-market share purchase

Transport for New South Wales ordered new digital road safety cameras on April 23 powered by SenSen’s AI software to measure vehicle average speeds between designated locations.

SenSen Networks Ltd - SenSen Networks non-executive director demonstrates faith in the company with purchase of shares worth more than $25,000
SenSen completed installing and commissioning the new system prior to COVID-19 related disruptions

SenSen Networks Ltd (ASX:SNS) non-executive director Heather Scheibenstock has demonstrated her faith in the company’s road safety technology and product development with an on-market purchase of shares.

On May 1 Scheibenstock acquired 227,300 shares worth more than $25,000 and it was her first SNS purchase.

Deployment of road safety cameras

SenSen recently completed the deployment of road safety cameras in NSW following orders worth approximately $614,000 for the 2020 financial year from Transport for NSW (TfNSW).

These cameras are powered by SenSen’s AI software to measure and enforce vehicle average speeds between designated locations.

TfNSW has been a Smart City customer of SenSen since 2011 and leads the development of safe, integrated and efficient transport systems for the people of NSW.

The new SenSPEED 3.0 ANPR camera and software solution developed over the last 12 months has met the high standards set by TfNSW for speed measurement and enforcement purposes, aimed at increasing the compliance of motorists and ultimately saving lives.

It was gazetted by the NSW Minister for Transport and Roads on December 11, 2019, allowing the SenSPEED 3.0 ANPR camera and software solution to be legally used as an average speed monitoring and speed enforcement camera within the state.

Quick facts: SenSen Networks Ltd


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


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...


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