Tag Archives for: SenSen Networks

The City of Las Vegas teams up with leading AI solutions provider, SenSen Networks

June 23, 2020

The City of Las Vegas Set to Deploy Innovative Smart City Parking Technology
$1.5m (USD) deal will see revolutionary app-based AI tech used for traffic & parking enforcement
The City of Las Vegas has teamed up with leading AI solutions provider, SenSen Networks to introduce a range of Smart City technologies designed to keep the city’s roads safe and congestion-free.
As part of the $1.5m (USD) investment, The City of Las Vegas will introduce more than 80 Gemineye units to automatically regulate traffic, streamline parking and make commuting more enjoyable.
What is Gemineye?
Gemineye takes existing smart city technologies such as parking enforcement, sign detection, parking bay occupancy, and illegal dumping monitoring, and packs it into an AI-powered smartphone app. Turning labour intensive and expensive tasks into affordable smart city solutions.
Learn more about Gemineye and receive an information pack, below.

 

Key Benefits of Gemineye?
For forward-thinking cities looking to embrace smart city solutions, Gemineye brings an array of benefits including:
  • Cost savings: As a software platform, Gemineye enables an affordable SaaS pricing model
  • Portability: The app is pre-installed on a smartphone meaning it can be deployed on foot, bike, scooter, car or mounted in an enclosure
  • Flexibility: Gemineye can be configured to meet a range of smart city requirements from parking enforcement to illegal dumping, people counting and even social distancing enforcement

Learn more: www.sensennetworks.com/gemineye/?utm_campaign=button_link&utm_medium=&utm_source=parking_today

SenSen Networks Secures $1.5M Smart City Contract in Las Vegas

April 24, 2020

SenSen Networks Secures $1.5M Smart City Contract in Las Vegas

 

The Melbourne based company takes its AI & video software to Las Vegas

 

SYDNEY   — Australian Artificial intelligence solutions provider, SenSen Networks Ltd (ASX: SNS) has today announced it has been awarded a ~USD$1.5M tender with the City of Las Vegas to provide a range of intelligent transportation and smart city solutions. The agreement will support the City of Las Vegas’ goal to become a true Smart City by 2025.

SenSen’s technology will be used to assist the City of Las Vegas in keeping roads safe and congestion free by automating the enforcement of hundreds of bylaws associated with regulating traffic and parking on city streets.

The initial deal, which will be rolled out later this year, will see the introduction and management of two SenForce mobile parking enforcement units and 80 of its Gemineye mobile units. The ultra-portable nature of the Gemineye solution means units can be deployed across enforcement vehicles and car parks, as well as segways, Go4 scooters and city officers.

Commenting on the Contract win, SenSen CEO, Dr Subhash Challa, said,

“SenSen is extremely proud to be working with the City of Las Vegas. Las Vegas is a flagship US city and SenSen is excited to be providing its world-leading AI and video analytics expertise in improving the amenity of the City’s citizens by helping reduce traffic congestion and efficiently manage its parking.” 

“This is a major milestone for our business in the US. We expect operations will continue to grow as more and more forward-thinking cities seek Smart City intelligent transportation solutions.”

The contract marks the first commercial rollout of SenSen technology with a flagship US city customer, while the 80 Gemineye units to be deployed as part of the contract is the largest commercial implementation with a single SenSen customer to date. The City of Las Vegas, is on track to become a Smart City by 2025 with SenSen assisting with its intelligent transportation systems and smart technology.

The City of Las Vegas is an internationally renowned major resort and entertainment city, with over 42 million visitors annually. It is the most populous city in the State of Nevada, USA and serves as the leading financial, commercial and cultural centre for the State.  The City has a population of more than 650,000 residents while the larger Las Vegasmetropolitan area has a population of more than 2 million.

The City of Las Vegas contract builds upon SenSen’s expanding footprint in the US, following the ongoing collaborative services agreement with Chicago Parking Meters, LLC to improve parking space management efficiency in the City of Chicago.

For more information please visit: https://www.sensennetworks.com/

 

 

Valuation of Contract Win

There are no material conditions that need to be satisfied prior to the commencement of the contract and SenSen will earn a total of US$1,584,500 over the five-year term of the contract, including:

  • US$397,600 for the systems, software and commissioning of the units, which will be paid in a milestone delivery-based schedule from May to August 2020.
  • US$237,380 annually in recurring revenues and fees for the software licence, hardware maintenance and support services under the five-year term of the contract. This Software as a Service (SaaS) revenue will be paid in equal monthly instalments of US$19,781 over 5 years (60 payments).

Please see attached full media kit here.

https://www.sensennetworks.com