SenSen Networks Ltd (ASX:SNS) has signed a Memorandum of Understanding with Australian company ACE Electric Vehicles Group (ACE) to develop SenSen’s AI and sensor analytics solutions for ACE electric vehicles.
This MOU represents the company’s launch into building solutions in the rapidly growing field of autonomous vehicles.
Subject to ACE being satisfied with the performance of SenSen's autonomous driving technology and ACE wishing to offer the technology as an addition to ACE's vehicle, the parties will negotiate reasonably and in good faith at that time to enter an agreement for the supply of the technology by SenSen to ACE.
“Shift towards automated driving”
SenSen chief executive officer Subhash Challa said: “Globally, the shift towards electric vehicles and automated driving is inevitable, and SenSen is positioning itself to be an important part of that evolution.
“Licensing SenSen AI technology and our SenDISA software for Robotics, Automation and Autonomous Driving is part of the roadmap for SenSen and we are excited to be working with ACE to accelerate our long-term vision to be a major player in the autonomous driving industry.
“We see this collaboration with ACE Electric Vehicles Group as a significant step forward in fulfilling our commitment to assist governments in creating a safer, more efficient living and working environment for their citizens.”
The MOU will automatically terminate on the earlier of the date of execution of the supply agreement or June 30, 2021.
Using the SenDISA (Distributed and Intelligent Sensor Analytics) platform, the company has delivered robust and scalable law enforcement solutions, including speed enforcement, city by-laws enforcement and parking enforcement, to global law enforcement and government agencies.
The core capabilities of the platform allow the fusion of data from cameras and sensors to detect vehicles, people and objects, track and classify them, determine their speed and location and ascertain various attributes necessary to save lives and improve citizens’ well-being.
Through the collaboration with ACE, SenSen will customise the SenDISA to deliver autonomous driving capabilities to ACE electric vehicles.
ACE will provide a prototype electric vehicle, its ACE Cargo commercial van, for the purpose of testing the installation, use, compatibility and performance of automated driving technology under development at SenSen.
The ACE Cargo is Australian made at Aldom Motor Body Builders in South Australia and has a drive range on one charge of 150–200 kilometres at partial load.
With a regulated maximum speed of 85 kilometres/hour and maximum payload of 500 kilograms, and a resultant lowering of running costs by up to 85% and greenhouse emissions by up to 70%, the ACE Cargo is perfect for small cargo fleets in urban environments.
SenSen will shortly take delivery of the ACE Cargo vehicle at its Melbourne office premises to commence the development and testing program.
“Innovative Australian companies”
ACE expects to make some key announcements including details of the collaboration between SenSen and ACE at the upcoming World EV Day on September 9, 2020.
ACE EV Group managing director Greg McGarvie said: “This is a great opportunity for two clever, innovating Australian companies to demonstrate leadership in the development of a cleaner, more secure, cost-efficient and smart transport system.
“Not only does the ACE vehicle bring back vehicle manufacturing and energy solutions to Australia, but as a world leader in AI and sensor technology, SenSen will provide its expertise to making our vehicles autonomous – a first for Australia!”