Redflex Commences Legal Proceedings Against Acusensus and CEO Alexander Jannink

Today it was announced that Redflex Traffic Systems has initiated Federal Court proceedings against Acusensus IP Pty Ltd (a subsidiary of Acusensus), Acusensus Limited, and Managing Director Alexander Jannink.

https://announcements.asx.com.au/asxpdf/20250618/pdf/06kw6d5h4h2ckm.pdf

This legal action relates to alleged intellectual property infringement. Notably, Acusensus disclosed this issue in its 2022 IPO prospectus as a risk factor:

Section 4.1.6 – Intellectual Property Infringement Claim

“In December 2020, a competitor alleged that the Company and/or Mr Alexander Jannink may have infringed copyright in certain code. The competitor also alleged that Mr Jannink may have breached obligations owed to the competitor under his previous employment.

The Company engaged legal advisers, responded to the allegations, and received no further communication after March 2021. The Board considers the allegations to be without merit and did not disclose them to any customers or potential customers.”

Alexander Jannink’s Background

Before founding Acusensus in 2018, Alexander Jannink spent over a decade at Redflex Traffic Systems:

·       Joined as a Software Engineer around 2006

·       Progressed to Product Engineer and Development Team Leader

·       From 2015 to 2017, served as Head of Future Product Group, leading R&D efforts across Australia and the U.S.

About Redflex

Redflex, founded in 1997 and based in Melbourne, was a major provider of road safety and traffic enforcement systems. It was previously listed on the ASX before being acquired by U.S.-based Verra Mobility in 2021 and delisted. In 2011, it was the target of a failed $300 million takeover bid by Macquarie and Carlyle Group. The company has operated extensively in Australia and the U.S., though it has faced legal controversies in the past, including bribery investigations tied to U.S. contracts.