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#Contacts Since IPO
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Added 6 months ago

Summary Contracts Announced Since IPO

·      January 2024 South Australia Government, Estimated $5m , five plus year contract for provision of fixed mobile phone detection camera installations using Acusensus “Heads-Up” solutions. https://announcements.asx.com.au/asxpdf/20240108/pdf/05z7gbm7k4rt04.pdf

·      November 2023 Transport for New South Wales, (in addition to previously contracted) from this contract variation is expected to total approximately $4.5m The initial term of the agreement was two years from 1 Dec 2019. Extension of existing Mobile Phone Detection Camera Agreement until November 2024. https://announcements.asx.com.au/asxpdf/20231129/pdf/05xy2jjl8smps0.pdf

·      August 2023 Queensland Department of Transport and Mainroads, variation of existing contract. Revenue from contract variation to total approximately $19.2m over a five year period. Extension to its existing Mobile Phone & Seatbelt Safety Technology Enforcement framework. https://announcements.asx.com.au/asxpdf/20230815/pdf/05smmz6v5zzx57.pdf

·      July 2023 Queensland Department of Transport and Mainroads, excess of $700,000 three month trail. For the provision of phone awareness monitoring and tailgating monitoring services. https://announcements.asx.com.au/asxpdf/20230726/pdf/05ryvl2t363q99.pdf

·      June 2023 North Carolina Department of Public Safety US$0.5m, the agreement has a one year term, with an option for it to be renewed for two further one year period. Agreement marks the launch of the first ongoing camera supported program in the United States to enforce mobile phone and seatbelts use. https://announcements.asx.com.au/asxpdf/20230601/pdf/05q7sb0hd3bf0r.pdf

·      February 2023 Queensland Department of Transport and Mainroads, Estimated total contract value over the initial five year term of approx $11.7m. For the provision of trailer-based road safety speed camera services using the Acusensus Harmony solution https://announcements.asx.com.au/asxpdf/20230206/pdf/45l9rp34y3y37v.pdf

#Board Ownership
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Added 6 months ago

Board

Inside Ownership                   Ordinary Shares    %ACE Issued          Net Value at $0.63

Ravin Mirchandani                  88,752                         0.07%                          $56K

Alexander Jannink                  3,350,000                    2.65%                          $2.11m

Sue Klose                                 25,000                         0.02%                          $15K

Mike Giuffrida                         0                                  0                                  0

Total                                        3,463,752                    2.74%                          $2.182m


Management Bio

Ravin Mirchandani -Chairman

Ravin is the co-founder and Chairman of Acusensus. He is also the Executive Chairman of Ador Powertron, a company incorporated in India that is a major shareholder of Acusensus. He is a non-executive director on the board of Ador Welding Ltd, a company listed on the Bombay Stock Exchange and is part of the Audit Committee and Chair of the Shareholders Grievances Committee. He was previously also part of the Remuneration Committee. Ravin has extensive commercial experience across a range of sectors including defence, energy, gas, manufacturing, power electronics and traffic enforcement.Ravin is a member of the Road Safety Partnership Panel for the World Economic Forum Global Road Safety Initiative and Chairman of the West India Chapter of the Indo Australian Chamber of Commerce.

Qualifications: MBA International Business from the Queensland University of Technology, B. Commerce (Accounting & International Business) from the University of Pune, India.

Alexander Jannink -Managing Director

Alexander is a founder of Acusensus and has pioneered the design, development and deployment of traffic enforcement technologies in multiple applications, markets and geographies across the globe. Prior to founding Acusensus, Alexander was responsible for research and development as the Head of Future Product Group for Redflex Traffic Systems Limited (previously ASX: RDF), leading a team of professional staff spanning Australia and the USA.

Qualifications: MBA(Exec) from RMIT University, BE(Hons) in Mechatronics from the University of Melbourne, BCS from the University of Melbourne.

Sue Klose- Non-executive Director

Sue Klose is an experienced non-executive director, with a diverse background in digital business growth and operations, corporate development, strategy and marketing. Sue is currently a Non-executive Director of Envirosuite (ASX: EVS), a global leader in environmental data and intelligence, Halo Foods (ASX: HLF), a provider of nutritional and wellness products, Honan Insurance Pty Ltd, and Stride, one of Australia’s largest mental health care providers. She was previously on the Boards of Nearmap (ASX: NEA) and Pureprofile (ASX: PPL). Previously the Head of Digital and CMO of GraysOnline, she was responsible for digital product strategy, brand strategy and marketing operations. In prior roles in digital and media companies including 12WBT and News Ltd, Sue led strategic planning and development and is passionate about helping businesses continually seek new opportunities for growth and innovation. As Director of Digital Corporate Development for News Ltd, Sue screened hundreds of potential investments, leading multiple acquisitions, establishing the CareerOne and Carsguide joint ventures, and holding multiple board roles in high-growth digital and SaaS business. Prior to her move to Australia, Sue held various digital media management and strategy roles in the United States, primarily with Tribune Publishing and as a consultant with Marakon Associates. Sue has an MBA in Finance, Strategy and Marketing from the JL Kellogg School of Management at Northwestern University, and a Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.

Qualifications: MBA (Finance, Strategy and Marketing) from Northwestern University, B. Science (Economics) from the University of Pennsylvania.

Mike Giuffrida -Non-executive Director

Mike is an entrepreneur with over 25 years of experience, having co-founded and been the CEO of a human resource technology company, Acendre Pty Ltd (now Hire Road Inc.) in 1997. Acendre pioneered using the internet as a means of delivering enterprise ‘software-as-a-service’ to organisations with the release of the first online resume builder and first online applicant tracking system software to the Australian market, before evolving into a full online talent management space. Under Mike’s leadership, Acendre subsequently established a presence in the US, including in the US Federal Government market, before leading a process to identify a majority growth investment partner for Acendre and subsequent acquisition of a US-based HR technology company. At the end of 2019, Mike led a successful transition to a US-based CEO to head up Acendre’s next phase of growth, which enabled Mike to return to Australia full-time with his family. Since his exit from Acendre, Mike has been supporting Australian technology companies in various capacities including Non-Executive Director, Operating Partner and Executive capacities.

Qualifications: Bachelor of Engineering from Swinburne University of Technology.