Australia's Sensen Networks gains most in over 4 mths on U.S. AI services deal

Sensen Networks

08/12/2021 04:10

** Shares of analytics service provider  SNS.AX  soar as
much as 14.3% to A$0.120, on track for their biggest pct gain
since Aug.3
    ** Co says street parking operator Chicago Parking Meters
Llc (CPM) signed a master services deal with co  urn:newsml:reuters.com:*:nASX5w2fRH
    ** Says deal to assist CPM to digitize the curb space for
management around Chicago using SNS's patent pending sensor AI
solutions 
    ** Adds that under contract co will supply software and
systems designed to collect real-time accurate data in and
around the curb space they manage  urn:newsml:reuters.com:*:nFWN2SS13C
    ** SNS says multi-year contract is expected to exceed $1 mln
in FY22, generating additional revenues once current systems are
fully operationalised  
    ** More than 514,000 shares change hands, compared with the
30-day average volume of ~380,300 shares 
    ** Stock has fallen 40% this year, as of last close

 (Reporting by Roushni Nair in Bangalore)
 ((Roushni.Nair@thomsonreuters.com))