Australia's Acusensus rises on $56 million speed camera contract

Acusensus

01/07/2025 06:05

** Acusensus ACE.AX shares rise 1.6% to A$0.965, their highest level since June 19

** AI co's unit signs statement of work to deliver mobile speed camera services to New Zealand

** Estimated value up to NZ$92 mln ($56.02 mln), including mobilisation payment of NZ$5.2 mln made when programme commenced in Dec, over five-year term

** YTD, shares of co down 13.1%

 (Reporting by Nichiket Sunil in Bengaluru)

 ((Nichiket.Sunil@thomsonreuters.com))