Australia's Sensen Networks jumps on AI solutions contract

Sensen Networks

20/12/2021 01:27

** Shares of Sensen Networks Ltd  SNS.AX  rise as much as
4.2% to A$0.125
    ** Analytics service provider wins contract to deploy its AI
solutions to prevent fuel theft at over 50 EG service stations
across Australia  urn:newsml:reuters.com:*:nFWN2T20ZY
    ** Co to earn upfront revenue of ~A$156,000 and an
additional ~A$170,000 per annum from the initial three-year
contract
    ** SNS expects that after initial deployment of the new AI
solutions, more service stations within the EG network will
adopt the SenSen system
    ** Stock down 31.4% YTD, as of last close

 (Reporting by Arundhati Dutta in Bengaluru)
 ((Arundhati.Dutta@thomsonreuters.com;))