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Acusensus Extends New South Wales Mobile Speed Camera Services Agreement; Shares Up 9%

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Acusensus (ASX:ACE) secured an extension to its mobile speed camera services agreement with Transport for New South Wales beyond its original June 30 expiry, according to a Monday filing with the Australian bourse.

The extension is valued at around AU$16 million per six-month period, per the filing.

The contract has been extended under a deed of variation for six months from July 1 to Dec. 31, with Transport for New South Wales retaining an option to extend it for a further six months into 2027, the filing said.

The company stated that the tender process for a new long-term mobile speed camera services contract with Transport for New South Wales remains in progress, the filing added.

The company's shares rose 9% in recent Monday trade.

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