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ACE — Acusensus News Story

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Acusensus rises on contract extension with Queensland transport department

BUZZ-Acusensus rises on contract extension with Queensland transport department

** Shares of Australia's Acusensus ACE.AX rise as much as 3.3% to A$1.09, on track for best session since July 17

** AI-based road safety services company announces extension of its agreement with Queensland Department of Transport and Main Roads

** First of two twelve-month extension options for the first tranche of mobile phone and seatbelt detection enforcement services deployed in Queensland in 2021

** Incremental contract value associated with the extension is expected around A$4.3 million ($3.01 million)

** Down ~37% YTD, including the session's moves

($1 = 1.4290 Australian dollars)


(Reporting by Anjali Singh in Bengaluru)

((anjali.singh2@thomsonreuters.com;))

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