Prison breakouts in America could soon become even harder with icetana (ASX: ICE) having received more orders for its artificial intelligence motion sensor technology which will be integrated into US prisons.
The 5-year licence purchase comes from hardware vendor Rasilient Systems Inc who will supply icetana’s video tech which is driven by AI to detect movement anomalies, such as unusual activity during a prison escape attempt when human visibility is poor.
“The prisons market has always offered a particularly strong use-case for icetana’s motion intelligence system,” said icetana CEO, Matt Macfarlane.
“This expanded licensing relationship will attract our organisation’s devoted attention given the enormous scope that the sector presents both in the US and beyond.”
Orders received from Rasilient have a combined value of US$200,000 (AUD$282,000) and includes potential to increase the licenced camera count over time at each correctional facility.
If successful, the operator of these prisons have a sizable portfolio of facilities where icetana’s AI tech is only being deployed to 20% of the in-State portfolio.
Using AI and machine learning techniques, icetana’s motion capture technology is an effective solution to the growing surveillance sector where there are often too many video feeds for an individual to monitor effectively. Through application of icetana’s tech, operators can focus on events that matter and respond in real time to both precursor activities and incidents.
This $200k order comes in addition to the $100k order place by Rasilient last month, which was icetana’s first entry into the lucrative US prisons market.
ICE shares responded well to today’s new contracts, opening at $0.15 which represented a rise of 15.3% on their previous $0.13 close.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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